Greetings Traders!
We have a nice consolidation squeeze that has formed on GBPCHF.
RSI shows negative which is a good indicator of a downward breakout.
Follow me to get updated trade updates for this pair.
Happy Trading!
Greetings Traders!
We have a nice consolidation squeeze forming on EURGBP.
RSI is showing positive price action so odds are we're expecting to break to the top-side.
Follow me to get updates for this trade opportunity.
Happy Trading!
Greetings Traders!
We are in strong consolidation/squeeze situation. We have a strong negative RSI trend indicating very good chance of a down break-out.
If we break to the top the trade will be cancelled.
Stop: 145.370
T1: 137.100
T2: 130.520
Happy Trading!
youtu.be
Greetings Traders!
We have negative RSI built up on the trend for the past week. Looking to break the current channel to the downside and SELL with Target 1 at 104.760 and Target 2 at 101.425.
Stop: 106.477
T1: 104.760
T2: 101.425
youtu.be
Greetings Everyone,
Looking at a LONG opportunity here for the GBPUSD for the daily's.
We haven't broken below our last low and are on the bounce-back. Looking to stay in consolidation going up to the resistance line and bouncing back.
Entry: 1.31090
Stop: 1.30150
Limit: 1.32500
Happy Trading!
Traders!
We finally hit a clean break out on the hourly chart and looking to hit new highs. We had a pretty good price-action push to the current 1.30800's, should see a small retracement and a continuation.
Looking to ride this up trend to 1.31132 level with 1-2 minor retracement along the way.
Stops: 1.30165
Target 1: 1.31120
Target 2: 1.31600
Happy Trading!
Traders!
We're looking at a breakout during this consolidation period on GBPUSD.
Currently we're looking to retest the hourly support, watch for the breakout. If we bounce off the support we're looking to retest the resistance level and watch for a breakout.
Will keep everyone updated on the progression.
Please see this video for details: youtu.be
Happy Trading!
We're up against some monthly resistance levels at 0.85430.
Agressive traders wait to break and close above for confirmation.
Conservative traders wait to double-bottom on the support level and then BUY.
Limit: 0.86130
STOPS:0.85020
We have a trend that has retraced to a 0.382 indicating a trend -continuation. We're likely to see our daily resistance tested once more to give us a double-top for a nice SELL opportunity OR break through the resistance level and double-bottom on the 'now' support and rally.
Currently we're at a poor R-R ratio to enter so wait to test resistance level to ride...
We're up against some major resistance levels on daily chart. Look out for the break above and close above to BUY up to 0.86130. In case of reversal potential SELL down to 0.80000 levels
Traders,
We have come up on an upside-down flag pattern. Price action has squeezed itself into a corner and is about to pop!
Keep a careful eye out for Volume, RSI and over-all direction.
As of right now it looks to be breaking North!
Happy Trading!
Technical analysis from the price action VS RSI is opposite indicating a strong 'reversal' signal. Proceed with caution. Hoping we get another good run down to 1.42610 level for profits.
We're up against a hard weekly resistance level between 1.146 and 1.150. Looking to retest weekly resistance and watching for breakout either to the top or bottom.
A break above/close above 1.150 would signal a BUY up to 1.20400 monthly resistance.
A break below/close below would retest the daily support level.
Will keep you updated.
We're stuck up against a major monthly resistance level at ~1.460, waiting to break-above/close-above 1.46500 to rally up to the next major resistance level of ~1.50.
Wait to confirm breakout above 1.465 to BUY up to next major level of 1.500, stops should go at 1.445.
Also to note we have positive RSI that is at 64.8 which would indicate we may see a retest of...
