GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LOCATION SCIENCES GROUP PLC ORD 0.01P, UK OIL & GAS PLC ORD 0.01P, ALEXANDER MINING PLC ORD 0.1P, KODAL MINERALS PLC ORD 0.03125P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, ORIOLE RESOURCES PLC ORD 0.1P
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
- Trend: Downtrend
- Channel down
- Testing support daily--> breakout and closed below
--> Waiting pullback--> Given signal--> Sell
( Prior analysis GBPCAD https://www.tradingview.com/u/DatTong/#search-charts=GBPCAD )
pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence ...
Hi guys, on the daily chart on GBPCAD you can see price is bouncing back and forth between two levels of structure. In consolidation periods like this it's quite frequent to see harmonic patterns unfolding. I think this could be a nice trade.
Stops above X, targets as usuale for patterns.
If you have questions, or simply share your view, you're welcome in the ...