There is a possibility for one more bullish wave before we see a big drop on this pair if so then watch lower time frame for a short-term buy. Don't forget to use %2 Risk Management DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take...
GBPUSD / Formed a new BAT pattern
SHORT NOW FOR BEARISH BAT PATTERN GBPUSD SHORT NOW Bearish Bat Pattern Complete SL 1.3320 TP1: 1.31330 TP2: 1.30520 TP3: 1.28320
US dollar strength continues to dominate as Non-Manufacturing PMI dominates beating expectations coming out at 61.6. This shows continued economic expansion. Over on the equities side, amazon voluntarily raised worker wages to $15 an hour ahead of minimum wage. While this is somewhat a surprising move, it is a sign that the US labor market is tightening and worker...
hi again i was checking #gbpusd forecast in tradingview now i decided to publish my forecast good luck
Over on the 4-hour timeframe, I would like to wait for price to retrace to the intra-day dashed line before taking a trade.
This pair made a relative high two weeks ago and we are now continuing in the second week of a sell-off. However, this trade is still waiting to take place. given the current moving average consolidation and acceleration away from the averages, the momentum is picking up. However, over on the lower time frame, I do not have a clear opportunity to take a short...
GBP/USD labeled in an ABC structure, with wave B unfolding as an Expanded Flat and now approaching the Fibo's. Expecting an aggressive rally.
GBPUSD tested the upper channel of the Bollinger Bands in Daily chart after completing Bullish Total Harmonic Pattern at 1.26500 – Fibonacci 1.272 extension of XA – Cable faced a strong selling pressure at 1.29300 and pulled back. On the H4 Chart, the pair ended the week above EMA 50 and SMA 100. Shorter term Bullish move is likely to continue if the pair holds...
GBP looks very interesting when looking at it from the Brexit time. There are 6 periods, each setting the low and the high until the next one. Moreover, these periods come almost after the same period of time. What it amazing though is that looks like the final period is exactly on the official Exit date 29/03/2019, which means that if the trend continues there...
Key Fundamentals: BoE’s Carney could not convince the markets for the further rate hikes. Markets need to see very strong macroeconomic data flow on the UK side. Even the negative US Job data could not stop DXY bullish run. You can read our latest DXY analysis Weekly Chart: Strongly Bearish. Cable is below all main Moving Averages. Testing the Murrey Math...
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I think, that correction phase is not over & still continue. Really the price, has minimum several variants of price action with the one situation of rapid decline (Shadow of Black Swan)... Hard & binary situation by EWA/EWP! Pls be care yourself. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply...
Commentary based on the numbers indicated on the 1hr tf of the GBPUSD is given below: (1) The meandering price action of the GBPUSD from May 29, 2018 till present date is captured in this analysis using a falling wedge (diagonal) with price action successfully testing the support and resistance line at least twice; hence validating the chart pattern. This pattern...
Fundamentals: GBPUSD dropped wild after US President Trump condemned UK PM May’s Brexit strategy and stated that Boris Johnson would make a great Prime Minister in an interview with The Sun. After dropping to test 1.3100 at the European session open, GBPUSD rallied back to trade above 1.3200 as Trump changed his tune completely, saying that “no matter what the...
Ahead of London USDJPY Anka is trading at 110.430 as of writing, Price is in the upper channel of the Bollinger Bands in the daily charts AND ABOVE ema 50, 100 and 200. Rising trendline is still valid. After the breakout of the triangle on Tuesday, pair tested 111.200 but closed the day with a bearish candle. A bearish reversal pattern? Let’s continue. H4 Chart...
Technical Analysis Assuming that the break from the channel is not a 'fakeout', we will continue with strong downward momentum this week: 07/05/18 . Evident that Bears are still in control. Targeting 0.382 fib level, likely to test the key 1.31 S/R level where Bears will start taking profits. Entry: 1.36 S.L: Above the previous weeks highs at 1.38 S/R level...
i short Gbpusd just before unemployment data for the reason listed here: 1 overbought a bit 2 rsi bearish divergence in h1 and h30 3 lost momentum a but and 4 he is on is top hight frm 2018 since brexit crisis and can have a possibility of double top but anyway need to breath a bit