Pivot: 1.4430 Most Likely Scenario: long positions above 1.4430 with targets @ 1.4650 & 1.4700 in extension. Alternative scenario: below 1.4430 look for further downside with 1.4350 & 1.4300 as targets. Comment: the RSI shows upside momentum.
We have dual pattern formations in GBPUSD daily timeframe. Bullish bat pattern and Bullish deep crab pattern but both the patterns gets completed in same area. In daily charts of GBPUSD crab pattern is not visible very clearly but when you move down to 4hr charts crab pattern is very clear and Bat pattern also completes in the same zone of crabs D completion....
Pivot: 1.4130 Most Likely Scenario: long positions above 1.4130 with targets @ 1.4230 & 1.4285 in extension. Alternative scenario: below 1.4130 look for further downside with 1.4085 & 1.4050 as targets. Comment: the RSI lacks downward momentum.
Pivot: 1.4190 Most Likely Scenario: short positions below 1.4190 with targets @ 1.4085 & 1.4050 in extension. Alternative scenario: above 1.4190 look for further upside with 1.4285 & 1.4360 as targets. Comment: the RSI lacks upward momentum.
Pivot: 1.4110 Most Likely Scenario: long positions above 1.4110 with targets @ 1.4285 & 1.4360 in extension. Alternative scenario: below 1.4110 look for further downside with 1.4050 & 1.4005 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBPUSD is in bearish trend for sometime so we are expecting a movedown as trend continuation trade. There is another part of GBPUSD analysis done based on daily chart in higher time frame, this is breakdown of the same analysis and shown how to enter in Hourly basis. We are bearish in GBPUSD, so keep this in your radar, check your plan and enter the trade Happy Trading
PLAN TP = 1.49-1.50 (fibo 161.8, Day) From every timeframe, it shows up that it is very bullish. follow buy or buy on dips.
GBPUSD: Daily Chart It is the 3rd wave (3-3), So it can trade with easily set up. Buy anywhere with cool RR.
PLAN Next week Watch out this price if it can break TL and go down It will end the impulse uptrend and going to downtrend. I will wait for break TL (Buy1) and, maybe, it will TB to meet TL again (Buy2).
Guys...... Seems very timely a month from June 23rd, please see attached charts for previous success with this pair in particular. Everything is on the chart for this one, we will be following and updating this closely over the coming weeks/months. Like and comment your thoughts below, TheBanker. www.tradingsignalreviews.com
Gbp/usd looking for sell because of breakout in this pair indicates that we wait for retest trend line and then go for sell around 1.40217...
Due to the monthly chart, I'm assuming this rollercoaster won't end so I'm bearing this to the grave. Clear downtrend, may encounter resistance but I don't think it will bull this high, therefore I'm shorting until target is achieved.
GU have been forming a SHS formation lately and it planning to do the last move, as an AB=CD for the completed SHS formation at 1.405. Great RR trade (though I posted this a bit late). Our pullback went straight to 0.5 fib and prior resistance, as well as lining up our AB=CD move, so looks really bearish
Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level. GBP/USD Overview: Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this...