FX:GBPUSD H1: We can see there is a inverted head and shoulder formation (the blue colored zone). Potential reversal might occurs. So, I will target price might rally for a while before return back to its downtrend movement. Target entry: Buy limit @ 1.2985 - 1.2995 SL @ 1.2945 - 1.2950 TP 1.3050 Trade At Your Own Risk
after the vector to the down side hitting the price at 1.30724 we should be seeing some nice uptrend movement towards 1.31747.
as we can see at October 18 this pair break up channel down pattern, and create a new pattern. With smaller timeline, we can see a new channel down almost end. If this small channel break, bullish setup at : opening : 1.2232 Stop loss : 1.2168 (64 pips) Take profit at : 1.2378 (146 pips) R/r ratio : 2.33
Small retracement and wait for better sell position at 1.272 fibonacci
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! :)
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...
Bullish engulfing on daily, Trendline break, double retest, 78% retracent at C Leg and 3RD Trendline touch, higher low, etc etc etc