We can see our support zone ( red box ) has been respected before and price may find resistance at this level again, We are then expecting a bounce and move to the upside of about 100pips to our resistance zone where we will have our TP. All the trades we take we place 2 of the same trades with the same SL in place, we will then set 1 trade with a 30ish pip TP...
Still see further downside slide on the cable before the finalization of brexit deal. OInly looking to short on the retest of zone or break of support zone and a retest for reduced risk. Stops are set at 30-45 pips at 0.01 per $100 or 0.10 per $1000. Account leverage set at 1:100
As Per The Daily Chart Time Frame FX:GBPUSD Where GBPUSD Can Be Heading After Brexit is: -> Strong Support At 1.2700 Level -> Strong Resistance Downward Trend line ->Breakout above Trend line Will Be Bullish For Pound ->Descending Triangle Formation Breakout below 1.2700 will lead to another 400-500 Pips Downward. Which Will Good Opportunity For...
Gbp/usd Has seen some major decline following weak inflation and gdp figures. does the market present us with another bearish signal?
Here we have FX:GBPCHF we can see that the price has slumped recently, currently the price is forming a rising wedge to confirm bearish continuation.
Today, on Thursday, August 3, the Euro gained more than 70 base points against the British Pound in less than an hour. It was a purely fundamental event, which was still consistent with the ascending channel pattern, which has guided the pair throughout this summer. The currency exchange rate met with the combined resistance of the weekly R2 and the upper trend...
Thought: What if we actually break north? What if price continues to drop? My Overall Bais: Bullish Confluence: 3rd bounce of Daily black TL. Confluence: possible break of the H4 blue TL. Confluence: price laying on 61.8% Confluence: RSI (waiting for Tuesday) Scheduled Trade: No trade Monday: NO Tuesday 3AM EST: TBD based on confirmation check list. Note:...
FIB A B C PATTERN COMPLETED ON 50% LINES UP PERFECTLY WITH WEEKLY SUPPORT TREND LINE TESTED TIME MA HAS CROSSED TO DOWNSIDE
The GBPUSD is in a support base that has not been broken, the market waiting for the economic datas from USA. Weird attitude as the UK entrepreneurs are confident about their capacity to expand their business according to a recent analysis (investing.com) GBPUSD might fall more if US numbers are pretty good but 2017 will see it rise back to 1.34. The perfect...
1) A completed head and shoulders pattern @ key daily resistance @ 0.86002 2) A break of the trend line will warrant short entries 3) Downside target ~ Support zone @ 0.82971
Right, here we see this pair stuck in a range for the last two months or so, manufacturing data to be released on Monday morning for GBP. We will either see this pair break through the box and reach 1.34 or retrace down to 1.31 level. Either way, take your pick, trade after the news if you wish, however, trade safe.
The 16/03/2015 the Euro Dollar slowed its fall (opened in 1.04701), and never again be there until the 12.03.2015 where he approached with record lows of 1.05168. Not without having had a maximum of 1.17140 on 24/08/2015. So in my opinion, taking from the minimum point where the fall March to August peak stopped, so should be the Fibonacci retracement on daily...
The biggest channel is from Weekly chart. I'm waiting this retracement on Daily chart is being finished with this channel breakout. After breakout first support area will be 1.4057 and after this 1.3835 - 1.3840 will act as a good support area. Above the price 1.4460 will be our resistance but trend is down so I think we wont touch that point these days. Let...
We have strong divergence on the weekly time frame demonstrating false bullish momentum. We can see downside signals. First downside target being 2.0500, 1.98500.
As you can see, GBP/USD bounced off the uptrend line AND the bollinger band's bottom. I believe that we will test the middle of the bollinger band next week, which is around 1.5650 right now.