1) Minor consolidation 2) Break above Res 3) 3 doji's 4) Engulfing candle etc ...
After a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line. A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward. if market does not retrace, a strong close below 1.23113 will also provide a decent shorting...
Hello, posted this trade a couple days ago. Had to make a correction because i made a school boy error in counting the waves which my mentor kindly pointed out. None-the-less we are still bullish on the pair and the trade is active and can be entered at this price. Please keep in mind to analyze the pair yourself and only trade if you have a proper risk management...
GBPUSD Retested the Upward Trendline and started to move upwards. I would expect the pair to go higher from here as First Targets around 1.3075 and Second Targets around 1.3250
GBP/USD Pending call option EOD
GBPUSD is on the rise . 1.4695 is in support . But support is likely to fall to 1.4645 and breaks .
I recently posted the completion of the bat pattern on GBPUSD. My condition for entry on this pair will be for price to break out of the descending triangle and descending channel it is currently in, I will wait for a close above on the 4h time frame.