Today, I'll be starting on technicals and end off on various fundamental factors. So, starting on the 4HR timeframe, we've seen a range of lower lows and lower highs being created with our most recent lower low being formed around the 1.82600 price region. We are now of course, anticipating a lower high to be formed in continuation of the downtrend. The daily and...
If the Resistance gets broken, then buy on retest, otherwise there is still strong selling strength on the pair
You can see a clear divergence in the price that could represent a bullish impulse, specially considering the strong support/resistance zone that we can see that the market could restest as well. This is a 1:3 approximately trade. Remember you always have to take care of your money. We never have clear how much we can win but we can have clear how much we are...
Watch for that bearish trend line, currently in the trade, If we break and get a close above that will be a great sign. Keep an eye out for the GBP news tomorrow morning! Most likely a catalyst.
As you can see the price has the potential to form a libra pattern. Targets are on screen. Please support the setup with your likes, comments and by following on TradingView.
Hi All , Overnight buy on this pair . 99% of traders are selling this pair . So let be the 1% buying it overnight ? lol :) But Jokes apart . Fundamentally we should all be selling GBP , but technically & what i see on my chart is we are still inside our bullish wave & a buy at current price inside the range should give us a few pips before the trend change ....
price back at key support level of 1.83 see if bulls can gain momentum and bring price to 1.85
GBP not holding support, could get ready for a breakdown soon.
Wait to see how price reacts, look for a buy. please read my previous analysis
Price is above the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries Entry = 1.8417 (bottom of box + 2 for spread) or Entry 1.8441 (Breakout) Stop = 30 pips Risk = 30 pips Profit target = 1.8505 (daily projected high) Reward = 95 pips RRR = 3-1
Hi fellas, I have been waiting for this setup for a while now. Now that XABCD step has been completed and the price action supported it exactly how it should be. Hence we have an opportunity to go long on this. I have marked tp and sl as well. Let me know your thoughts. Good luck and trade safe.
Posible entrada en corto teniendo en cuenta respeto en zona de resistencia marcada en 1.84100
I have entered and I'm looking for 1.8500 as a target. The first challenge is to break through the red trend line, depending on how price reacts there we will find out if we might get a new low or continue to the target. I have entered this because all rules were triggered.. Divergence in PRZ Candlestick Pattern Harmonic Complete London Session we most likely...
0.786 fib furfilled and trendline supp. Good long opportunity.
This setup we will have to wait to develop a bit. I am looking for a slight rise to tenken sen where I will look for a confirmation of a sell. Two ways that could manifest itself is in the form of a good rejection candle with a long wick on top that closes below tenken sen, or for price to see a hard rejection there and start heading down. So we'll have to watch...