GBP/USD is currently on the verge of the lower boundary of an upward channel and forming a Cup and Handle pattern, indicating a potential bullish reversal. The entry point may occur after the price successfully breaks and retests the SNR level at 1.23113.
Technical Analysis:
-The Cup and Handle pattern is forming, signaling a potential bullish reversal.
-The...
Price tested the 50 EMA on the Daily timeframe + Respected a daily order block. Now we have bearish structure on the 3 hour timeframe which has been broken, and now expecting a retest into the order block formed underneath the 50% of this fib. Looking to take buys in this region with a set TP 1 shown on the chart.
Price broke past 8 hour structure, along with a retest of the daily 50 ema & order block. These are signs that price may want to reverse tp the upside. I'm expecting a full retest of my POI (Point of interest) to look for a buy entry. This is a potential 400 pip move. So make sure to stay updated
We are currently above a level were we previously had bullish indications. Once price is back above an area where there was buying pressure, we can assume there will be a continuation of this same movement to previously established highs. Entry and Stop loss is marked, and the area of struggle (black line) will be monitored for potential reversals.
Market just finished Elliot wave 1 to 5 downwards, we just hit our buy zone, we can either entry now or wait for a pullback back to the entry zone to get better R/R ratio, but we might miss a trade since market might not pull back.
Indicators:
AROON: On a weekly chart it is still showing a bearish momentum, but indicators are slow to catch up and lag, so...
- weekly BOS has been broken
- price has returned to fibo level 38.2
- I found a node in 4h timeframe
- I'll open a long position at 1.1188 , stop loss is 1.1138 and targets are 1.1395, 1.1595 and 1.2038 !
Looks like KUCOIN:FLYUSDT is ready for trend reversal. I am expecting 300% return after FLY gives breakout from more than 100 days long consolidation. It may move side ways for couple of weeks before breakout, be patient.
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Subdivisions look ok.
RSI on larger timeframe is low.
Parallel channel connecting W2 and W4 forms nice geometry.
Median line of channel forms nice confluence with the first W5 target.
This is not financial advice.
Hi traders and investors , we have a nice breaks of the great support . so the price will go down
if you have any suggestion or note leave in the comments
I would Like To See 0.187 - 0.183 Before We Just Fly
Please Refer Back To Previous Ideas
Confluences:
End Of Phase 2
Fibonacci Levels 38.6% , 50% & 61.8%
Trendline Tap 3
Previous Support
W Forming On Daily Timeframe
There is a possibility of a GBPAUD long set up here. There is no technical pattern right now, so there is no trigger to take the trade but we are approaching a very important trend line and the bottom of a support zone Time to put GBPAUD on your watch list for the week to see if a reversal patter forms or we get a big Higher High - Higher Close when we hit the...
