GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LOCATION SCIENCES GROUP PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
bullish price action above Mondays high should provide support for further upside.
original idea by Ribz https://uk.tradingview.com/chart/GBPAUD/GBYFAniF-GBPAUD-Long/
back above Mondays high (level that send price down to take key stops) should provide the support for further upside
After breaking previous BP1 we can now expect a slow reversal at BP2 back up to BP1.
GBPAUD seems to be bouncing off a weekly trendline and a support level which could potentially send this pair up towards the upper targets.
Positive data from the UK report today (16/08/17) has potential to close in more buyers causing GBP to go up, however we must watch the AUD news release tonight at 02:30am London time (17/08/17)
Visit our site for ...
this is one of the simplest setup that i trade. You can see price's created a new structure low, and now it is back to retest previous resistance that once broken could become support. After multiple red candles it's now formed a green candle right at that important level.
We can try a lonog, with stops just below the low, target1 at .618 of the previoous ...
Buy limit @ 1.71210
SL @ 1.70200
TP @ 1.74600
If the current uptrend line will be broken,
Sell Stop @ 1.701900
TP @ 1.68700
SL @ 1.71170
few days ago we managed to get more than a hundred pips from shorting this pair (see attachment). Now the situation has changed, since we came back to previous structure and started consolidating right at the trendline retest. Besides, the zone we're on is a daily structure that could push price up, according to the major trend.
The RSI divergence down on ...
Currently sitting at support with descending triangle and RSI divergence
here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long.
Stops below X, targets at the .382 and .618 ...
We can see a Fib pattern forming on the 4H chart, MA Crossover also showing on 4HR, Weekly resistance aligning with Fib C. We have set our target at monthly support 1.700 and second target at Fib D 1.
Carleton Capital are LONG this morning from 1.6022.
Our GBP algorithm has identified a possible LONG from support at 1.6007 and we have entered the market on confirmation of the signal.
STOP is 1.5995 for a 27 pip risk trade.
Initial target is 1.6100 (200sma on M1) and then we will evaluate the price action.
After a breakout of channel look for buy setup.
Strong uptrend so im following it. slight downtrend and choppyness has started because of heavy selling. price should come back up to normal. I could be wrong and price could touch the blue rectangle of support at 1.72619 level, if price does touch that rectangle a reverse is definitely going to happen. EITHER WAY I AM BULLISH