Mixture of Time and Price calculation.
This is only the advise, dont follow it
This ongoing bar has already trouble to go through the centerline. Observation cap on. P!
With the recent growth on GU due to the speech, a wedge has formed on the D chart. With a long wick, expect GU to go down some in the coming days/weeks. Be smart and use good risk management. Good luck! J
i believe this is another nice Short against the Dollar .Predicting that it will break Support so i will have a Sell Limit order @1.23740 sl@1.23918 tp@ low 1.22 levels
a bearish cypher is forming on GU.
No Buy No Sell. The triangle shape we need to wait for breakout.
uncertainty will flood GBP because of brexit negotiations, a break of the bearish trend would be very bullish so SL above last high, final target will be the white trend line connecting the recent lows which i believe needs to be retested. 1D MACD Crossover looks very strong i would prefer high RSI but it is trading in a pretty low range compared to history so i...
With the multitude of news this week and heavy resistance indicates the pound will push lower. I would anticipate a move to at least 1.23 by the end of this week if not lower than that. This is also a good pair, along with the aussie to keep a close eye on. Good Luck! Yums
Breaking Down GBPUSD i was able to discover a very strong support level at 1.27000. Price action has been turned away by aggressive sellers 4 times firmly. Confirming the resistance level. Illustrated in the chart. I am predicting a possible short opportunity just above the F.786 The Upper Yellow trend line showing the weakening of bullish occupancy. GBP news...
a few short confluences on GU right now but unstable sterling who knows what will happen.
I Think that the price will be long from @1.21895 untill 1.22293 After news
Price broke out of the big downtrend (white fork), took a couple dance-steps on it (yellow ovals) and gained strength. Look what the pink bar did. It broke the prior small resistance with gusto (Indication!). Then it flung up and down a couple times, and defended the grounds (green) to break the U-MLH (blue fork). The close outside the blue downsloping fork and...
i see double top on 4h the price broke neck line i am waiting for retest to enter short
nice opportunity to go short now with good risk ratio
Pullback to the centerline - What a gift! §8-) Short down to the L-MLH. P!
Brexit = uncertainty until 2020. USD = rate hikes, fiscal stimulus, normal mean reversion of 10Y term premium, $10 trillion global dollar debt. This divergence should continue to push GBPUSD lower, even if the BoE decides to hike rates in the face of rising CPI.