I hold a point:Good charts does not more words to explain! Good luck!
While GBP/USD swiftly bounced from it’s brief foray below $1.20, price has once again been capped by the range that you can clearly see in the daily chart The upper level of the range is definitely acting as resistance and the way it held again back in the first week of February puts Cable in play for shorts. Just keep in mind that it’s a 700 pip range and we’re...
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Hi,traders!I hold a point:Good charts does not more words to explain! Good luck!
Looking ahead a turning point / entry is starting to form. Depending on what's going to happen at 128000. I am leaning towards short. Still think the dollar has more strength, but not worth betting, better be sure and be patient to see what will happen.
There is a downtrend. Set Entry price - 1.25705, TP - 1.25398, SL - 1.26105
There maybe a uptrend today. Entry price - 1.25236, TP - 1.25437, SL - 1.25036
We are looking at a trend change in British pound so pay close attention to events ahead. A close above 12674 will be bullish and a close below 12200 will warn of possible decline. A risk to see complete monetary reform as early as 2018 exists, the long term risk adjusted in real terms for inflation also remains a long term risk. This market has remained...
MARKET ANALYSIS: The pair is now trading near the resistance zone, near after a retest if possible we can expect huge downfall to the next possible support level. Only if the resistance zone holds on. So lets wait and check what the market does after opening. Cheers!
a bounce off of my 61.8% fib, riding this C to D leg on the ABCD pattern! then await for a short once the pattern completes.
GBPUSD is going to have a volatile week. Look alive!
here is an idea that GBPUSD will drop about 300 pips. An amazing opportunity to make money over it
We are longing this pair based on : - Broken trendline. - On major and last support. - Broken minor trendline within our major trendline. - At the bottom of the channel. - Broken trendline in RSI Divergence.