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1.1390 to 1.1410 holds as support and daily hammer could mean a bigger bounce
Downtrend resumes with break of 1.13
With similarities to Aussie on the weekly time-frame we saw price form a bullish retracement to retest the downtrend at the back-end of last week. This was off the back of positive fundamentals and price seems to have formed it's lower high, rejecting the trend which is also in line with the refined Fibonacci region. Price has already broken the simple moving ...
Gbpusd - Daily - expecting a relief rally to 1.3750 and possibly 1.3950 before going short again if 1.3950 resistance holds
Gbpusd - H4 - Here's an analysis of a trade signal given in my privare group. Over here we a have a Buy signal for gbpusd pair which we entered at 1.4140 with stops at 1.4080 and tp 1.43 - 1.44. Ball out!!!
With a lot of financial news bombarding us this week I find it good just to look at the higher timeframes just to see where we are in the bigger picture... As you can see this setup is like the UJ setup I posted on here last week that is now 60 pips in the profit (as I write this). Just a simple setup with support and resistance that can offer us a nice RR and low ...
Confident about this one!
GbpUsd - Daily - Longs in play.. price trading in a bullish structure making new higher highs and higher lows.. the trend is bullish so we are buying on a pull back
The pound seems to be in a very large flag pattern, but a mini triangle pattern, so this brings about the perfect swing trade,the 200 MA will provide resistance and so thats the stop-loss, but the short is when the Pound drops below the 100 MA till the lower support trendline.
Short trade opened on FX:GBPUSD.
Upward trend line has broken. Price is now stalling around a previous daily demand zone.
- Pin bar
Price has printed a 4hr pin bar suggesting a potential reversal.
- Bearish Flag
Bearish flag pattern on the 4hr suggesting a short continuation.
The 1hr is still bullish so entry could be really early here but the ...
5.4 RR - Rejection @ 1.253 trend line level with an aim to TP1 @ 1.229 key level. TP2 1.223.
Lets see how this setup plays out. Could be a longer term hold across a couple of weeks potentially.
Potential Short Entry to 1.2280 level and reversal on previous key resistant level.
just wanted to share my view on gbpusd; as you can see price has recently broken to the upside this simple pattern called triangle. It's basically made of two converging trendlines that encompass price action. You can take advantage of this pattern by simply buy at the first candle close above/below one of the trendlines, or you can wait for a ...
GBPUD short trade
Daily momentum down
1H momentum down
Pin bar rejection of strong support resitance level
1:1 risk reward
Here i have gu. prices seem to be respecting that line on daily timeframe. i am looking for a possible long if i see that line is still being respected. if we see a break of that line i could possibly look for a short entry. i really want you guys to comment what you think and help me out on what i should do and dont.