GU broke through trend support, expecting a little retracement up, at that point I will try to enter a short position around 1.415
Price has had a substantial daily pullback to 50% fib level Has now broken inner and outer TL's Shorts in play. Target 1 0% fib level.
GBPUSD had a breakout of the range it was in to the upside. Looking to buy pullback. -First possible aggressive (more risky) entry at 1.455 -Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452 As long as we kinda stay in the pitchfork formation we are good for longs. Targets to watch if we break to the...
GU - Long - Since it looks like the markets are doing better then they did last week we could see a nice retrace of the big non stop sell of we had the last 24days. Fib levels to watch. Stop around ~1.422 First Trade this week hopefully you all have a nice week! Good Luck Trading out there! :)
GU is going nowhere. It seems that daily correction was broken to the downside. But if its really the case, we shouldn't have an ending diagonal like structure. None the less, I will wait it out on this one. But awaiting some sort of consolidation to trade the breakout to either side. Most favorably to the upside.
Here we have a massive bat pattern which has finally completed. We also can see a downward sloping channel where price may be reacting off of support.
cypher and bat on 4hr chart plus a trendline that should provide some resistance. looking at price action within the 'short entry zone' to open short. close/clear move above the TL (blue line on chart) will invalidate this for me this could be heavily influenced by the FED decision, so smart money management to control risk, ie low leverage and only 2% of equity -...
Placed a entry order here to catch a break to the upside. Its a 1:3 risk to reward. Stops will be brought to breakeven if trade reaches 1:1 levels. Wave theory is at play here. Also I want to thank Anil for showing his chart as well and bringing this setup to our attention as well.
Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork. Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected. If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where...
Should see some bounce after the constant decline. Major Fundamentals are still in place therefor I don't expect key support breaks from here. Expecting a range trade trade between top 1.565 and 1.515 on the downside. RSI oversold on the 4h, Stoch RSI starting to turn up after quiet some time. Risk reward should be pretty clear. Not looking to short this...
Diagonal Rays drawn to create channel alongside drawn Horizontal Lines at key Support and Resistance- Diagonal channel formed within 2nd week of September and price action as paid much respect thus far. 3 Fibonacci Retracement levels drawn from key High/Low points within the last month, The support and resistance lines share strong confluence with the fib...
GU has been rising in what seems to be a small wedge pattern. Breaking an important trend line, double topping around a fibonacci level with technical indicators showing some bearish divergence. Good amount of factors coming together to be short again
Here's a little FX chart ;) Price is heading to weekly support turned resistance, it struggled to reach 1.59 indicating the momentum's dwindling. After hitting T1 @ 1.57 we saw a sharp decline back under 1.55. Price has now posted a Lower high, Lower Low situation. If Price is rejected at 1.55 as expected this will be another Lower High and we will have a high...
resistance formed almost perfect 4hr tombstone. shorting this to daily pivots and supports