Price has been making series of HH and HLs and its clear we are in an uptrend. We saw a clear rejection of Price from 1.2688 and we are heading for 1.2800 early this week, probably before Tuesday.
Price has shown some series of swing highs and swing lows which correspond to one of my chart patterns which I showed with an orange path. I am anticipating the completion of the pattern (labelled c) with the uptrend towards 1.2800, and probably downtrend resumption from that point but due to the recent Price formation in DXY(USD Index) which clearly shows a downtrend meaning counter USD(xxxUSD) pairs would rise, the trendline keeping GBPUSD down would break when price approaches 1.2800
My suggestion is to look out for buying opportunities below 1.2730 to 1.2800, if Price gets rejected at the trendline, downtrend resumes, if not 1.2855 is the next immediate target
I would love to hear your thoughts 🤔, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Price has shown some series of swing highs and swing lows which correspond to one of my chart patterns which I showed with an orange path. I am anticipating the completion of the pattern (labelled c) with the uptrend towards 1.2800, and probably downtrend resumption from that point but due to the recent Price formation in DXY(USD Index) which clearly shows a downtrend meaning counter USD(xxxUSD) pairs would rise, the trendline keeping GBPUSD down would break when price approaches 1.2800
My suggestion is to look out for buying opportunities below 1.2730 to 1.2800, if Price gets rejected at the trendline, downtrend resumes, if not 1.2855 is the next immediate target
I would love to hear your thoughts 🤔, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Comment:
Price has reached the zone, and its not pushing up with the needed momentum, so I am keeping an eye out for a rejection which might temporarily pull Price back down to 1.2750 region
Trade closed: target reached:
TP achieved
Comment:
Currently Selling GU. Price printed an inverse hammer candle on a trendline on a supply zone followed by another strong selling pressure on 15min TF.
TP: 1.2750
Currently Selling GU. Price printed an inverse hammer candle on a trendline on a supply zone followed by another strong selling pressure on 15min TF.
TP: 1.2750
Trade closed: target reached:
TP smashed.....................Looking beautiful 😍💰💰💰💲🤑🤑🤑
Comment:
TP 2 smashed...Follow me for more updates
