Pattern: Parabolic rise on 1D. Signal: Bearish as it is approaching a Symmetrical Resistance level (rejected the price 8 times since 2016) with the RSI on 3 year highs. Target: 137.000 (Symmetrical Support). *Such long term symmetries are useful and quite accurate. I have successfully implemented this approach on my last GBPJPY buy signal:
Yesterday marked of news regarding the oil market and its prospects. Moreover, this news has a one-sided impact in terms of the impact on oil quotes. On the supply side, we have a message about the discovery of a huge oil field in Iran. It is about 50 billion barrels. To understand if it is a lot, let’s have a look at the statistics. Proved oil reserves in Iran...
Priceline of British Pound / US Dollar forex trading pair is forming a bearish Shark and entered in potential reversal zone to start the formation of last leg soon insha Allah. Price action is also hitting the support of bollinger bands. RSI is oversold. Volume profile of complete pattern is showing less interest of traders at this area. Stochastic is...
EURGBP price reach a resistance level and doesn't break it.
GBP/USD, technical analysis and best entry points In this video, you will learn how u can trade news which we will see on GBP in 1 hour 10 minutes.
The priceline of great british pound to us dollar has completed the formation of bullish BAT pattern. Now the price action has entered in potential reversal zone and insha Allah soon it will hit the sell targets. The targets are: Buy between: $1.24494 to $1.24021 Sell between: $1.24618 to $1.25249 Regards, Atif Akbar (moon333)
Pattern: 1D Channel Up. Signal: Bearish after the pattern made a Higher High. Target: 1.3110 (the inside supporting trend line of the Channel Up). The long term Brexit effect on GBPUSD: