I like the look of this setup and I've already called my bank manager and told him I'm about to make a large deposit ;p
I have also rang my wife and told her I am trading her in for a younger model.. she was happy about it and said I'm selfish anyway... I don't know what she means ;p
We can see this has previously been used as a good area of resistance and with...
GBPUSD was travelling inside a descending channel. Price recently broke out to the upside, came back down to retest the channel before making its way up. On its way up price created an ascending channel. We believe price will go all the way up to the 0.618 of the last downwards wave , however we have placed our Take Profit at the 0.382
Possible long for GBPUSD. Price has remained below the 200 EMA and 50 EMA indicating a short bias overall in the long term. We can see a strong trend line resistance crossing the chart and I believe this is where the price is heading towards in the next few days or even weeks, before it makes its move back downwards and carrying on the downward trend. The price...
Recently price was travelling in an ascending channel, however we did just see a clear breakout, several 4 hour candles closed below the channel. Right now price has come back up to retest the channel, also at the 0.618 which is the perfect reversal point of any wave. This suggests price will take a fall, our targets are marked above on the chart.
GBPUSD has been travelling in an ascending channel for quite some time but last week price broke out of it to the downside, Price has now come back up to retest the channel at the 0.618 retracement level. We expect price to drop down to the -0.27 extension level.
You can see 2 very key support and resistance levels drawn on the chart and price is nearly at our resistance level, we can only see downwards movement at market open after a very strong bullish rally on Friday just before market close price looks over bought so we are expecting bearish movement.
Its like if you go to the pub on a Friday night and you " over buy "...
Possible short for GBPUSD. Price has successfully completed a pullback to the trend line channel after the break out from last week. This could indicate a short bias. Price has also been recently rejected by a strong resistance line, also indicating the movement to the downside. FX:GBPUSD
Not much to say about this one except price has been travelling in an ascending channel , however price has recently broke out to the downside, we believe price is going to come back up and retest the channel at the 0.618 retracement level of the previous impulse move before making its way down to the TP.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Simple enough, bounce off our support and bullish run up to our resistance.
Are you starting to see how simple it is? I'm not saying 100% of our trades win because that would be a lie and we pride ourselves on transparency, but 80% of our trades are successful just from trading price action... Take a look at our charts on here if you don't believe us.
Possible long for GBPUSD. A lot has gone into this one. Ill start off with the inverse head & shoulders, marked out with the fat green arrows, we can see that this has occurred and could indicate a long bias. We can see that the upper trend line has been touched at least 3 times therefore validating this trade and we can also see that the time in between each...
Price has formed a descending triangle, if we get a breakout to the upside I will enter a long position upon the retest of the 1.31900 zone. Conversely, if we get a decline, I will go short upon the retest of the 1.30000 area.
Burger or Fries? ...... I don't even mind - Always FLOW WITH THE MARKET :-) x
GBP USD, according to the US data release today we we will expect US Strong, which will provide a good set up for USD JPY and Of course GBP USD
After this impulse of the pair we will need to recover in order to push lower.
First we have 1.28520 on the cards, However a clean break of 1.30 on the Daily time frames will me this trade invalid.
Furthermore the ...
GBP USD is providing us a great opportunity.
Weekly- the previous candle has touched in the weekly trend line and rejected, creating a bearish candlestick this week.
Daily presented us a engulfing candlestick, and also showing a clear rejection, from the weekly trend line.
However,4h looks like we will face some consolidation before going south. We must at least...
We could be looking at a retest of the trend-line on this pair, but I do believe it has the potential to fall further to the 1.24000 area. Especially after the drop the US Dollar took last week, it is due some buying control back which may push this pair down further.
Just like my previous analysis post, another pair stuck ranging inside a 100 pip box. The Pound took a huge fall the last few months and its now having a bit of a breather before deciding it's direction. I will be waiting... on the sidelines... AGAIN. Patience!