For more than 12 trading days, the pound is in a small range. A break in the range can cause a short-term movement with a target of around 160 points. In my opinion, it is more likely to move up.
A pound for more than 4 days is in the range of less than 100 pips. A range break can be used to open a long position with a target in the 1.3550 area.
GBPUSD 0.32% , after a market consolidation, breaking the monthly resistance, now looking forward to hit the first 150PIPs target and then waiting for the long-term target..
The pound has formed a long-term consolidation. We trade within the consolidation or at its breakdown.
A breakthrough is possible up the small consolidation on the news with a further breakthrough up the long-term consolidation. I think the probability of a breakthrough down is still greater.
If you are following me on Telegram (t.me) you saw my entry and targets this morning on GBPUSD. We had a double bottom, with several failed attempts to close below 1.2400 - together with heavily oversold conditions and a historically strong support and resistance area. A good case. What I was looking for was a pullback that we could profit from with 2 targets. ...
Hi traders, After a long time of waiting, GBPJPY has formed a reversal signal , which is a good looking pinbar at support area!! Yay!! :) Well, I'm not 100% saying that GBPJPY will go up, instead I'm it has higher probability and possibility to go up. The risk-reward is beautiful. Therefore, I would suggest you to do a long position on this pairing. If you...
GBPUSD giving buying signals after struggling at 1.2150 and failing to close below. Targetting 1.2300 before looking for bearish confirmation again. Entered first position at 1.21870
After our successful short we find ourselves with an opportunity to get long. Based on; >Bat-pattern completion >Trend line (triangle) support at bat D completion >Oversold condition >Psychological support at 1.24000 These combined gives me a clear signal to enter. Target conventional 0.382 fib of A to D (the lowest point)
We have an opportunity to get long with a break and close above monthly resistance. Historically when this has happened the price has retraced for a brief retest before heading up. Lets see how this pair responds this time, the risk to reward is big enough for taking the risk (for me). Do your own analysis, we see lots of different opinions on this pair. I...
We find a 2618 (double top followed by retracement to at least 0.618 fib) opportunity to get long. I put my entry below 0.618 to improve my risk to reward ratio. Order is pending, lets see if we get filled.
I let the chart do most of the talking. But the main ingredients in this setup is fibonacci retracements to predict entry, target and stops together with previously tested structure areas that is of interest for building this case. Oversold condition together with the 0.618 is my signal. Lets hope we get filled, and lets see how this plays out.
Another 2618 hits the radar and order has been filled. On a bigger scale we have a bearish cypher which favors the sellers, on the other hand we also have a trend continuation favoring the bulls (on the bigger scale). Nevertheless, 2618 is an entry reason for me to get long on this pair today. Lets see which side prevails this time!
After May's speech I'm expecting a big up move, but first, I think there'll be a retracement till 1.63 zone, so I placed a pending order and I'll wait. TP and Stop Loss are shown in the chart :)
Technically EURGBP is overvalued, trading outside 800 period BB on the daily chart. Long term bearish divergence is seen towards 0.90 and 0.92. Targets = 0.86 (missed monthly pivot) and 0.81 (missed monthly pivot) with profit being taken every 100 pips along the way to these targets. Fundamentally the Euro should remain under pressure since Draghi has not...
Note and Remember this idea is technical not fundamentally , According to Techincal , It`s down move 3000 pips and make flag pattern and then it`s down 3000 pips also reached and now flag pattern complete , Now time gbp going up ,,,,,