The current trend is controlling by bear which is pretty obvious concerning the fundamental issue. So I'm expecting the market may fall more. There is also a Gartley completing around 171.5 and a ABCD completing around 171.12 which can be a good point to buy the pair. But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else,...
Bearish pattern completion @1.986's, stops to go above 1.988's
EURGBP is on very serious key support now. If 0.72200 level broke, this pair clearly will climbdown stronger to 0.71650 before bouncing back on retracement to 0.72270. This retracement level is the most suitable level for go short again and swing down to the next target at 0.71000. 1. Break level 0.72200, it will drop down to 0.71650 2. At 0.71650, wait for...
The price is now retracing. The main trend is uptrend. So, as the price has tested twice the 50% fibonacci level an uptrend is possible. There is a strong resistance area at 1.9500-1.9460. If the price continue above this level we have the chance fo a long position as shown in the chart.
EURGBP Setting up a flag pattern on the 5m timeframe. Target is near the last resistance point: 0.727
Triangle forming on a 4h chart. By the end of next week the market might make a move up with the return of the bulls on GBPCAD.
Simple trend line breakout inside the a downwards channel on the daily chart. Blue lines indicate 4 hour resistance levels Targets at 175 and finally 172.5 lining up with a 1.68 fib extension
GBPNZD weekly chart setup ...
GBPAUD remain in down trend ...
GBPUSD has broken long term support 1.4700 This creates a nice short opportunity Happy Trading!
See comments on the chart. What's your view on this setup?
PRICE AT AN IMPORTANT KEY LEVEL AND JUST BOUNCED OFF THE RESISTANCE TURNED SUPPORT FORMING A DOUBLE BOTTOM. ALSO THIS KEY LEVEL IS IN CONFLUENCE WITH THE 0.5 FIB LEVEL. GBP AVERAGE HOURLY EARNINGS IS EXPECTED TO COME OUT BETTER AT 2.2% AND THE REASON WHY THIS IS IMPORTANT IS BECAUSE THE BOE (BANK OF ENGLAND) SAID THEY'LL BE MONITORING HOURLY EARNINGS DATA. IF...
While the greenback is smashing upwards, I think that the GBP is starting to look interesting. The last couple of weeks, the GBP has been pulling back across most pairs, but now i think it is about time to go long. I see opportunities on a number of GBP paris, but to minimize exposure I have selected my favorite; GBPNZD. The overall momentum has been bullish...