Price facing recent resistance at 1.1524 & made new low at 1.1448. if price makes a breakout of recent resistance, then it would be a breakout of the recent downtrend & price might continue to go up all the to retest next resistance at 1.1601 & also make a retest on the htf downtrendline. But if price finds strong resitance at 1.1524 & breaks out of recent low...
Price while moving in downtrend it has recent resistance at 1.1600/1.1657 & also creating a new low breaking the previous one. now on a high tf pov price needs to respect 1.1600/1.1657 as resistance if price is to continue to go down in respect to the downtrendline. And a breakout of the resistance would result in the breakout of the downtrendline leading gj to go...
Price has a strong resistance at 1.1619 which it needs to make a breakout of to break downtrednline & start going for some deeper retracements. But as long as 1.1619 is respected as its resistance and price makes a breakout of the previous low at 1.1502 then price might continue to go down creating new lower low.
Price moving in respect to a very recent downtrendline keeping 1.1651 as its recent resistance. So if price in respect to the recent downtrendline & resistance breaks out of recent low at 1.1598, then price could continue pushing down.
GU should continue moving up if it continues to respect the uptrendline. a breakout of the uptrendline or 1.1796 with bearish momentum would lead the price to coming down again to retest the key level at 1.1796.
The pair may either rally or drop from the consolidation point and make a good move from that zone but only after a retest. The consolidation channel has been valid in one week, one day , 4hr , 2 hr and 1 hr tfs a clear confirmation that the trend is building strongly we apply WBT (WAIT BREAK TRIANGLE) and retest and either short or long it depending on the side...
GBPUSD Long Setup GBPUSD has formed an inverted head and shoulder. Price has broken up and out of the neckline and has retest it. The target may set as 1:1 to the distance of the neckline to the head, alternatively, it may also set at a resistance/order block as shown in the chart above. Safe trading~
Gbpusd is at strong support level daily and weekly tf 1.3570 which has potential to bounce it back to 1.40 levels as we are still above ma 50 if it fails next buying zone will be at 1.3425. i will be only looking for longs from these levels but if we go below 1.3540 and h4 or daily close below it short for target 1.3425 and later long on those levels (1.3425) but...
First: It is in an uptrend, meaning that the general trend is buying. Second: It broke a continuation triangle, and its targets are 1.39851 - 1.41029. Third: The formation of double bottoms, and if it breaks through the neckline 1.39013, its target becomes 1.41029. Fourth: All of this, provided that it does not break 1.38246.
GBPUSD Short Setup 👉🏻 Price has broken out of this long term uptrend and has also retested. I am expecting more downward movements in the coming weeks after a proper pullback to the mentioned zone.
GBPUSD Long Setup Continuation trade: 👉🏻 Overall bullish bias on GBPUSD. Recent price movement clearly provides us with a corrective scenario, either a ABC corrective or a more complex WXYXZ which is yet to be completed. If price were to form the final corrective wave of Wave-Z , we could see price to reach 1.35500 area, or even 1.35000. Previous significant...
GBPUSD Long Setup 👌🏼Price in range of a triangle pattern. I'm expecting a 5 wave impulse move up. Price to break some structures for more confirmation.
GBPUSD Short Setup 👉🏻 Does not provide a good risk to reward ratio at the CMP. I will look for sell opportunities on any pullbacks with the invalidation level of Wave-4 in play.
GBPUSD Short Setup After breaking out of its wedge form, downward trend could be found and traded with
Hi, Watch what is about to happen lol... 45 pips stop loss. Have a good day, cba lol Saif
GBPUSD Short Setup Price has formed an ending diagonal pattern. Daily chart also has form a double tweezer top indicating a possible reversal to the downside.