Hello guys ! 👋🏾
Hope you had a wonderfull trading week. 🙇🏾♂️
We've managed to bank just over 450 pips in the first two trading weeks in 2021 🙌🏾
So, an eternal batle here, GBPUSD.
I've marked my previous downtrend (A).
After a breah-through (B) to the upside, the pair failed twice to break the resistence (C), creating a DOUBLE TOP (D), and breaking, as...
So i was going to post this yesterday but had a 24h mute -_- so couldnt show either my bitcoin trade or my gbpusd trade till today which is a shame. so mmy entry is 1.3520. and price has rejected the 0.5 fib of the major daily move from low to high and price looks to push above 1.37 especially as the dollar falls. go long stop under the wick manage your risk, look...
GBPUSD is looking for support after failing to break 1.37. so we have fallen back to 0.5 fib, high volume and the ema 89 as trend support. despite the bullish dxy we may still get a bullish move in the pair, after the big weekly consolidation breakout
So GBPUSD is in a clear uptrend, so on a 4h pullback look to enter previously on our last two trades we have utilized the 0.618 pullback to bag lots of pips, so can we expect a third 0.618 4h pullback to enter on? time will tell, its for sure something i have my eye on, if the rally is really strong we might retrace higher up the fibs, price action or rvi...
So last week we executed two perfect trades in gbpusd for over 300 pips.now we have another pullback to the 0.618 on the 4h chart, and 1h rvi bullish crosses and this makes me believe we will see bullish continuation this week.
4H chart is bullish and since closing the exhaustion gap price has fallen to the 0.618 fib, it tapped this level and seems to have found support. we can look to buy gbpusd and aim for a higher high. with a stop underneath the 0.618 and the pin.
Sorry havent been very active on this site, i am currently working on my own alternative with a more friendly feel to it. but here we have gbpusd making a low and a reversal in the dxy index signifies a potentially good time to enter a buy position. interested in joining my discord drop me a pm as mods see it as a violation.
This looks like a beautiful set up with rvi and price action blending perfectly price rising to a neckline and ema 89, looks very good to short on weakness. price has been consolidating under the neckline and looks ready to drop,
Im long the euro/yen on daily timeframe and now price on 15m chart has presented a good entry signal bouncing of uk pivot point. long to a higher high. the dollar is falling and eur/usd is highly correlated to dragon, so euro/usd climbing signals bullish interest in euro/yen all be it a bit weaker.
RVI Bearish cross and sterling looking weak into next week, could be time to short after last weeks rally of sorts as price enters supply area and good defensive bearish battleground before show the start of bearish breakdown on daily.