Price is in a indecisive area. A break out of either side would give us a good lre should the price retrace back. I am slightly bias on the bull side. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
One analyst opined that the recent 28% fluctuation in Bitcoin's price basically invalidated the cryptocurrency as a store of value. If that were true, as this chart shows, most of the world's money would be likewise invalidated. It goes without saying that there are plenty of other currencies that experience much MORE volatility than those shown here. Bitcoin may...
GBP/USD failed to make new highs on Friday, we see signs that it is set for a bearish retracement. Read more at www.myownforex.guru
now we have an ending diagonal, this could be terminal hence a 5 wave drop will confirm this view and if so, look into selling it on retracement good luck
GBPUSD daily chart showing sign of reversal after green candle appear after 5th trading day last week. Closing above 1.2950 area. Reason : - 4 hourly chart, support at 1.2950 holding firm. - Possible upside target to 1.3150~1.3200. - Simple textbook price action in play. - Reasonable risk reward to long. - Potential to reach next resistance points : Entry...
I think the major upwards trend will remain. Chance to enter the trend on a good price.
Looking at potential long on GBPUSD
GBPUSD 1.2716 spot ref Profit target 1.2515 Stop loss 1.2815
$ GBPUSD : potential BULLISH CYPHER pattern on M15!
good day everyone one of the basic techniques to master trend pullback and extension as per the example showing using the febs enjoy i hope it helps
Hi guys, today gbpusd is coming back to retest a daily support/resistance zone, therefore i want to look for some opportunities on the lower timeframe. On the hourly there's a nice pinbar that tells me there's buying pressure. Besides, price has also created a double bottom with RSI divergence that you can see on the chart above. The consequent break of structure...
I will update as time passes. Currently the plan is to sell at the resistance, with a SL above the resistance and the trend line. TP will be updated later, but right now its @ 1.22032.
Gbpusd currently on 0.618 fib retracement with price action showing price rejection on that level. will enter a long trade on break and retest of the bearish trendline.
GBPUSD SEll M15 Support: 1.22730 This is not investment advice
something is so obvious that it is not necessary to explain