GBPUSD 15M - Trend Continuation Pattern Target entry: BUY LIMIT @ 1.2760 SL @ 1.2725 TP @ 1.2830 RRR 1: 2 NOTE: SET PO ONLY AFTER BULLISH CRS FORMED. Then look for short opportunity @ 1.2830 Can short if we have bearish CRS. TAYOR
GU should go for retest from here ---RR is great hence shorted
RSI shows divergence on a 4H timeframe, price makes higher high while the indicator made a lower low from the last move up,indicating a downtrend in place from now on or atleast untill the trendline that it has been respecting. Price also returned back from a major reversal zone and PA shows strong down trend, however the bears may get exhausted for a bit and...
FX:GBPUSD In Daily, there is a clear sign of Bullish Enfulfing. Price shall continue to rally. H1, There is a sign of retracement. Bearish marubozu formation and price formed a low. Price is expected to have a retracement. Target to nearest Support level on 1D... it is a profitable trade with 2 x rewards. RRR 1: 2 Entry level: Sell @ ~ 1.3140 SL @...
GU has reached a point of interest, both around the 61.8 FIB as well as my trend line. I think we can start to look for a short trend reversal signal back down to the low.
This ongoing bar has already trouble to go through the centerline. Observation cap on. 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.