At the time of publishing my last chart and subsequent update to this pair, where I suggested possible significant low to form did not materialise. Due to the nature of decline following ECB's QE announcement, it seems to be still in wave 3 decline. Wave 3 often extends and are very strong. This is what appears to have happen, where the complete cycle was...
Looking at a potential reversal point depending on the daily close. PA seems to be foriming a double top which may push price back down to previous support of 180.400. Look for dynamic resistance from the the 20 & 50 EMAs. If price breaks the 184.150 level we will look for a pullback entry.
In my previous longer term chart of GBPUSD the low I anticipated did not materialise at the level noted on the chart and the prevailing bearish trend continue to recent low. From the move up from that low , it is nor very clear if that final low has been formed or we will retest that low to form longer term low. However, in the short to intermediate term there...
This is a pure example of Rising wedge chart pattern to trade on. This pattern is bounded by two converging trend lines. We know this pattern is usually traded for a reversal trend. It is a bearish pattern which signals us the pair is likely heading downward. Though, it is also indicates that a continuation of the trend. If it fails to break the bottom trendline...
The GBPUSD has made some strong gains off the sub 1.5 level or so several weeks back, and has solidly broken above a descending wedge resistance line on the weekly chart. The weekly RSI, Stochastics and MACD are all fairly bullish, with a positive crossover occurring on the weekly MACD. As shorter timeframe charts reveal a bit of fatigue and consolidation ahead...
Okay so the chart you can see has a fairly steep channel and that's probably what you've noticed first. However, let's look at the wider picture. The downtrend has been in place since the 5th December 2014. On the 28th of December we saw the trend take shape as the lower-high formed a trend line with the 5th Dec. price. On the 2nd of Jan we saw the price come...
Hey there, as we can see Pound is pounding Yen in last two days. Some positive data took it this high where ABCD Pattern completed at 181.39-40 area. Which is giving us indication to have a short entry. I took two entry from this pattern though I need to make sure this pattern is being respected as it is still in the PRZ. My entry will be shorting from 181.40-45...
From last few weeks, we can see AUD is gradually falling as well as Pound is gaining strength agains AUD. As for that, this pair is continuously in a trend which is taking it high and high.. Following the trend will be a very good idea to trade this pair. There is also a ABCD pattern completing around 1.98. So, I guess we may see some retrace around that...
I have been shorting this pair for a while now. Since it has been on a downtrend with predictable pullbacks and FIB retracements! A 4hr Candle just closed testing the Bearish Flag that broke out recently from GBP strength. This technical analysis has been respecting a weekly structure and is now on course to test the lower Trend Line of this structure. I am...
We can see that 1.5260 area is a heavily guarded resistant area which is also followed by a 200 days EMA can be a good place to short this pair.
In the grand scheme of things it looks as though a shift is ready to take place. It has taken me some time to realize that shift but it is finally here. Take look at the GBPEUR to the left. Notice how its price moves are converse to that of WTI, EURUSD, and XLE. The yellow circles you see are areas where similar behavior is forming. In the GBPEUR the opposite...
Potential Bullish Cypher On 240Min/4H Chart around 1.8750
Watch my educational video here: www.youtube.com Follow me on twitter: twitter.com I recorded this video this morning but then I had a suprising career changing opportunity (I got a chance to pitch my self to TDAmeritrae :) And that's why I am uploading this video late in the night. It's 2:00 am right now. I hope you enjoy the video and learn something new.
TRADE OPP: - Short Opp as per chart TRADE PROFILE: 1 - Entry @ 19.275 (pending) 2 - SL @ 179.385 3 - PT @ 175.908 -- RR = 30.61:1 APPLIED STRAT.: E.A.G.L.E. =(E)xtremely (AG)gressive (L)evel of (E)ntry BACKGROUND PATTERN Scott Carney's Bullish Shark ALTERNATIVE: Entry @178.893 (back-up/conservative) David Alcindor Predictive Analysis &...
After retracing to declining trend line at hourly chart, I'm going short on GBPUSD with a tight stop loss and a lucrative risk/reward ratio.
Bearish Crab. Parabolic Sar getting closer to reversal. RSI is in overbought territory. Stop Loss - 1.90964 Short Entry - 1.90556 Target 1 - 1.87811 (6.8 to 1) Target 2 - 1.86145 (11 to 1)
I got Bullish Fibs and bullish MedianLine on $GBPJPY, EW? Well I think there is a simple 5 waves correction. The pair tested 176 support area. It is good enough reason for GBPJPY to go North. Medium Resistant will be 180 area. But I am expecting for near 190 area. I don't find any good sign for GBPUSD to go for bullish, but Likely USDJPY will continue the Bulls...