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.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
After the last selloff in October`16 we`re in an intact upside trend in GBPUSD right here right now ... The trendline runs netween 1.2450 & 1.2500 this week (50th week `16). Prices above confirms only the upside trend! Basic price action should be next 5 days in this trading box !? 1.2674 was monthly high last november`16 1.2505 was this month...
Follow the pre-Brexit into current price/action gives you a little bit more recovery, say 1.30, and then another 15c crash as we hit hard Brexit before March 2017. Just a fractal - the fundamentals have to happen as well! This does NOT conflict with my short-term long post.
GBPUSD BROKE FIB RESITANCES AND NOW WE WILL SEE IF IT WILL BREAK THE RESISTANCE @1.27500 SO I BUILDED 2 WAYS TO PROFIT ! BUY ORDER @1.27650 AND TP@1.30000 AND SELL ORDER @1.27300 AND TP@1.23500
here is an idea that GBPUSD will drop about 300 pips. An amazing opportunity to make money over it
A triangle formation on the H4. Doesnt look the best on daily as of yet.
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.
Here on the four chart clearly the formation is evident, but Technicals tend to define Fundamentals so I'll tag this here Food For Thought!
Buying once we break the trendline, you can also buy after the pullback.