GBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
We have an incomplete bullish flag pattern since the past 2 weeks, another flag pattern formed this week, showing bullish possibility. I expect price to test the support zone and the 50EMA and then move bullish to 1.27710 as our take profit zone.
the pair is in a rising wedge and can make a good decision about the side to move as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a...
We can see the W formation that formed yesterday and today and it broke the support zone and now rejecting to the trendline, which I expect to now go to the resistant zone and sell to the 0.86900 zone.
As we can see price has it's last level to be done with the trend, and also a bullish wedge pattern that signifies continuation of trend, these two alone, is okay to confirm the bearish movement, so the next option now is to go to the lower timeframe and look for sell confirmations. NOT A FINANCIAL ADVICE.
Today I am charting the GBP (Great British Pound) / USD (US Dollar) on a yearly chart over a multi-year period. I put it on a parallel channel and noticed on the yearly chart that multiple bear flags have been forming. The next bear flag formation measured move is around 0.78-0.80. Let's hope it reverses! This is a multi-year chart so don't expect everything to...
gbpusd i think if it can break uptrend it will go to the next high zone if not it will con to down and fall more
GBPJPY Formed Double Top Reversal Pattern Wait price to retest the neckline and enter the trade
British Pound started my whole adventure in Fish N Pips. I'm trying to validate which currencies will swing and the impact on the dollar. The technical analysis on the Monthly chart is Bull Trend for $GBPUSD. I consider new entry point in few weeks as the RSI band nears the tipping point in the Gann Fann 8/1 Happy trading!
FX:GBPUSD Do not get carried away. Please verify this before adapting. PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Just getting to spot this. WOW! FX:GBPUSD
GBPJPY has been on a bullish movement for long now , there could be retracements , but for now i believe it will go continue on a bullish movement till my support and resistance lines if it does go for retracement then in a few days - weeks from now ill look for more bullish movement from the fib , once its done with retracement
GJ IS REALLY OVER BOUGHT BUT I THINK IT IS GOING TO MAKE SOME LITTLE HIGHS
GBPUSD may push a little further up to the resistance of the 15m ascending channel. Potential sells could arise after a clear break out from the channel.
After a fantastic trade set-up for GBP/USD on my previous idea where we saw that indeed the confluence between the support zone and the trendline caused the price to go up, we are now at a difficult situation. If you were long already a great place to exit could be directly underneath the horizontal resistance. However, if you're not in the trade at the moment...
All information about this trade-up can be found on the chart. If you have any questions feel free to leave a comment or drop me a personal message!
In this idea on GBP/USD we find confluence of two major chart patterns. A supporting trend line and a horizontal support zone. In trading, the presence of confluence refers to a circumstance where multiple technical analysis factors collectively form the same indication. Since multiple factors are combined, confluence has the potential to greatly increase the...