GBPUSD is bouncing from trendline !
still seeing the yen to gain strength over the pound for the upcoming days/weeks.
WAITING FOR PRICE TO HIT MY ZONES, COMBINED WITH CANDELSTICK FORMATIONS AND CHART PATTERNS. PRICE SEEMS TO CURRENTLY BE IN AN EXHAUSTION PHASE. WAITING FOR A RETEST OF BROKEN ZONE AND/OR TRENDLINE/MOVING AVERAGES WITH BULLISH PATTERNS FOR ENTRY. IF NOT, THEN WILL BE LOOKING TO SHORT IF PRICE STARTS TO TANK :)
Just putting this out there to see what you all think. If you got something different, please feel free to post your WEEKLY charts in the comments with a brief explanation - so we can all learn :) Thanks!
Just putting this out there to see what you all think. If you got something different, please feel free to post your WEEKLY charts in the comments with a brief explanation - so we can all learn :) Thanks!
Previously written about this pair saying there's 2 scenarios. Seems to have broken out of the bearish trend and will be looking for corrective price action back to the red dashed trendline in order to gain a LONG entry
Previously written about this pair saying there's 2 scenarios. Seems to have broken out of the bearish trend and will be looking for corrective price action back to the red dashed trendline in order to gain a LONG entry
just wait for getting to the purple line!
Entry price : 1.91990-1.91980 SL : 1.92200 TP : 1.89850 Use 1% risk
On the 20th of Jan, the British Pound reached the highest since 2018 and since than is been trying to move upwards towards 1.380 (back from 2018). The price has been ranging between support and resistance creating new Higher Highs and Higher Lows each time. If the horizonal and trendline support is broken, my target will be 1.355. NOTE: wait for...
📌 ridethepig | EURGBP Finding a Floor After the preparatory manoeuvre, passive sellers are keeping a close eye on the 0.882x ABC target and already starting to cover. Sharp Buyers were aware of this and made the transition to attempt a base formation. With ECB / FED now cleared there is the customary inventiveness to continue with the rally. What we are...
I expect the price to respect the H4 trendline and continue in its downtrend. Multiple confluences confirm this with a strong ressistance zone which it had failed to break. Good Opporunity to sell in my opinion. Target; 50-60 Pips Although a break above this ressistance level and long term down trend will possibly confirm a reversal with bullish momentum over...
Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. I expect USD to gain strength in the coming weeks - please see this link below to many trade ideas. Stay safe and safe trading Duncan
BUY opportunity for EURGBP valid through 2-4-2021
potential inverse head and shoulders forming on GBPUSD