Failed to break channel and is around strong weekly area which ended with a sell with a target to lower channel.
Will be adding positions on every retracement I find convenient.
Currently more room down seems to be ahead for GBPUSD. Dont buy until it has hitten the first or 2nd lower range and you see a green candle being created on the lower range. This is a possible bounce back sign. If its a red candle and the lower range breaks then sell it all the way down!
Hi traders,
We had an impulse before, first orange arrow and anticipate the next impulse up. The whole move stopped at the 50% (could also reach the 61,80% and then we will go for another buy), completing a regular flat for another move up. Sadly no RSI Divergence. As always we put our trade at break-even as soon as possible or exit with a very small loss.
...
We currently have price action of 1.32141 sitting very tightly under a resistance of 1.32154 . After a strong show from the bears on Friday pushing the price down to 38.20 Fib level the bulls quickly recovered back up to the 1.32 area, closing Friday on another green candle to where we are now. I do believe the sentiment of the Pound is still long, with the...
GBP/USD forms ascending triangle pattern
During the previous trading session the currency rate expectedly returned back to the 1.3110 mark, which represents location of the 23.6% Fibonacci retracement level. As this barrier was additionally backed up by the 55-hour SMAs, it made a rebound. However, the fact that the cable failed to climb above the 50%...
Our preference: long positions above 1.3100 with targets at 1.3190 & 1.3225 in extension.
Alternative scenario: below 1.3100 look for further downside with 1.3080 & 1.3040 as targets.
Comment: the RSI is supported by a bullish trend line.
Hi traders!
(This analysis was already shared with current students last Friday)
GU dropped quite a lot since that super strong bullish breakout. It is all normal behaviour since this run didn't have no real corrections, no real breathers, no nothing!
Also, this happened along with the other majors pairs that got pounded vs USD.
Now that the DXY somehow...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Hey guys,
GBPUSD is at the retest of the previous highs that were broken in the last period. As mentioned in the earlier GBPUSD analysis (here below) weekly and daily charts are telling us the trend is overall bullish, and therefore i want to take that into consideration when looking at lower timeframes. Be ready to long this market if we have some kind of...
