There is a big battles between buyers and sellers.The price is shapping a triangle and we just should to wait a valid breakout. Would the price follow the yellow line in order to retest the previous high or would it just follow the regression channel and bears would be the winners?!!
The GBPUSD has been ranging for a just over a month now but this choppy consolidation began to show signs of movement again by the end of last week. This week we have finally seen some real movement and it appears to be ending with a nice little set-up. There is some heavy resistance on the Bullish side with the 50ema laying on thee 1.5000 level, which has acted...
GBPNZD Bouncing on the same spot pattern crossover
GBPUSD short Opportunity on 4hr GBPJPY to go short. Reasons for entry: - 200 EMA Resistance - RSI near overbought - Bearish candles - Overall downtrend Exit: Reward:Risk = 3:1 Stop - 1.5002 Profit - 1.4725
Opportunity on 4hr GBPJPY to go short. Reasons for entry: - Trendline resistance - RSI near overbought - Bearish candles - Overall downtrend Exit: Reward:Risk = 3:1 Stop - 178.22 Target - 175.83
Factors of confluence: - trade is with the trend (see trendline) - doji forming (waiting for weekly close) - rejection of .618 retrace (again waiting for weekly close) - rejection of 50 EMA I'm waiting for the weekly close and Canadian CPI figures to take this pair long. So lets see what happens. Patience is key!
In August of 2014 the pair broke out to the topside. Since late December we are in what I usually call on shorter timeframe's "buyer's remorse," although, it is harder to apply that to a timeframe like this because of macroeconomic trends and unforeseen geopolitical risks. However, the British elections are getting closer to completion, which should help alleviate...
I am waiting for any good Selling point for long term !!
Potential but at 1.4210 based on brake on daily candle with preceding candles showing strength in Euro. Stop at 1.4120 with potential target 1.4330 For more info: Check us out at fxchronicles.com Instagram.com/azamtradesfx instagram.com/fxchronicles
LOTS OF UNCERTAINTY WITH GBP BECAUSE OF THE ELECTION WHICH IS CAUSING THE POUND TO DEPRECIATE. PRICE BROKE OUT OF THE RANGE LAST WEEK AND IT IS NOW LOOKING TO RETEST THE RANGE LEVEL (SUPPORT TURNED RESISTANCE). THIS IS A TEXTBOOK TREND CONTINUATION PATTERN (BREAK,RETEST,CONTINUATION) IF PRICE MANHES TO RETRACE BACK UP TO MY SELL ZONE I ALSO HAVE 2 FIB CONFLUENCES...
I'm looking to short Cable at around the 1.4690 level. Reasons: we have some strong US data expected on Tuesday which should create some positive sentiment around the Dollar, and we also have CPI coming from the UK which is expected to be flat. This coupled with the UK elections creates uncertainty in Sterling, and should give some negative sentiment.
fundamental and technical with BEARISH signal have a nice day forexspeaker.blogspot.com
We can see here, that the price is jumping off the bottom of both the linear regression, the BBand and strong support at about 1.93453. This to me is a clear retrace and reverse signal. From my analysis of fundamental analysis, the GBP is way over sold, and the political instability will not continue for too much longer. The one head wind this pair faces in the...
Edited levels from the previous GBPUSD post. Just started using Trading View so made a couple of errors when breaking dow the pair. Awaiting a clear break of 1.4630 to then lead us to Target 1 at 1.4490 followed by 1.4348 long term