Hey guys, a simple harmonic pattern here on GBPCHF. It's going to complete right at a structure level: with stops above X and targets at 382 and 618 of AD leg it could be a nice shorting opportunity. Let's see how it plays out. If you have questions or ideas to share, feel free to comment below. Otherwise, see you in the next chart!
Hey guys, a simple harmonic pattern here on GBPCHF. It's going to complete right at a structure level: with stops above X and targets at 382 and 618 of AD leg it could be a nice shorting opportunity. Let's see how it plays out. If you have questions or ideas to share, feel free to comment below. Otherwise, see you in the next chart!
Firstly: As a Londoner myself, it is deeply distressing to know of the recent terror attacks at London Bridge + Borough Market. My heart goes out to all those that have lost their lives to cowardly acts of terrorism that try to cause separation within our nation and everywhere around the world. Technicals: On the 10th of May 2017 price reached 1.30309 forming a...
Two days ago, we've seen the Great Britain Pound rise towards all of its pairs due to the decline of the Dollar... except from the Swiss Franc. After my re-analysis of this pair (see my previous analysis at my Link to Related Ideas), I've seen another trend line on play at daily. Despite the ongoing ascending trend line , there is still a trend line on 4-hour...
A bearish fakey pin bar confirmation has occurred yesterday. However, despite this, there are several supports on the path for this pairs decline continuation. Freshly below the daily 200 sma, we can see that this pair has already broken below a strong support -- but a strong support still waits below.
Hey guys, we were waiting for a nice selling signal on this pair, and maybe this is happening. Price has reached another key level of daily structure and the RSI is in divergence on the daily as well as overbought on this timeframe. Moreover you can see price action has given the first signal of rejection with a pinbar (long wick to the top) that could be...
Hey guys, i know what you may think, probably after one day like this for the pound you wouldn't even consider a shorting possibility. However, patterns are always repeating, and our job, as techincal trader, is to find those patterns and keep trading them. So here on the daily timeframe on the GBPCHF you can see that the today's rally has brought price up to the...
Hey guys, i know what you may think, probably after one day like this for the pound you wouldn't even consider a shorting possibility. However, patterns are always repeating, and our job, as techincal trader, is to find those patterns and keep trading them. So here on the daily timeframe on the GBPCHF you can see that the today's rally has brought price up to the...
Hi guys, today i want to bring this analysis i've made on GBPCHF. As you can see we're in a daily structure zone (blue rectangle) and price is having some difficulties breaking through. Actually it's created a nice double top with RSI divergence (down on the bottom) right at this level, that's also lining up with the 618 retracement and a psychological number...
Hi guys, today i want to bring this analysis i've made on GBPCHF. As you can see we're in a daily structure zone (blue rectangle) and price is having some difficulties breaking through. Actually it's created a nice double top with RSI divergence (down on the bottom) right at this level, that's also lining up with the 618 retracement and a psychological number...
Hi guys, today i want to share with you a simple harmonic pattern that's about to complete on this pair. I think this could be a good sell since price is coming up to retest an important structure level on the daily chart. Stops above X, targets as usual for patterns!
Hi guys, today i want to share with you a simple harmonic pattern that's about to complete on this pair. I think this could be a good sell since price is coming up to retest an important structure level on the daily chart. Stops above X, targets as usual for patterns!
Batterfly Pattern on #GBPCHF Trend is DOWN, we look for sell opportunities. we can also buy but with small lots please and tight Stop
Finding previous tested support. It's either a breakout short or reversing upwards. It seems to be indicating oversold, but I'm hesitant to storm in before it's confirmed. GBP is not strong, macro economic wise. Keep an eye out for GBPCHF.