Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
this is the update for my previous trading plan on EURGBP .
The lower boundary of a flag has been adjusted.
After multiple attempts to break above the 0.892 level the market is still standing below the identified resistance.
My bias remains bearish and I am waiting for a bearish violation of a flag.
Targets have been also...
EURGBP is currently trading within the rising parallel channel .
What is worth paying our attention to is recent rejection from 0.893.
It looks like sellers accumulate their selling positions around this level.
based on this observation and horizontal structure on the left I have
identified a potential...
Please criticize and provide some insight on what I've gone good/bad or if I've completely messed up.
EURGPB is in a long term uptrend since ~2015, I'd like to believe the current state from OCT 2016 till now is in a bull flag.
I'm seeing a 61.8% retracement as seen on the chart, we could see a breakout-continuation of the uptrend providing we break 0.93210...
A confluence of pitchfork trendline, 0.618 retracement and 2.618 extension all point to a resumption of EUR/GBP uptrend. This could take it up over 5% throughout the rest of the year back to 2019 highs.
Price closed below the daily 200EMA and 4HR 200EMA and is below the daily pivot point. Expecting price to continue in the downtrend Weekly S1 which is also the physiological level at 8800 and potentially on to S2 at 8740. Watch for a potential retrace back to Weekly Pivot and 55EMA if price fails to break lower than 8850.
Short at 8850 with TP1 at...
Hope all is well, my sixth published trade on Tradingview.com (XAUUSD IS complete with 100% accuracy and less than 0.5% drawdown. This can be found on my story on IG, below)
*Any change of views on this pair, I will advise in the comment section.*
Take profit is 80 pips
Stop loss is 40 pips
*This pair will react fast, keep watching back to my...
SELL EURGBP 1DAY
this is a reversaal trade with 3 take profits areas (A,B & C). each tp has its own lot size in place that helps me to maxmize my gains and reduce oppportunity cost.
Hence take the trade the way its sit back, and enjoy the ride.
i will upload a video explaining it well