Type : Bearish Momentum
Resistance : 1.2201
Pivot: 1.2109
Support : 1.1952
Preferred Case: On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop to the pivot at 1.2109 in line with the swing low support, 78.6% fibonacci projection and 78.6% fibonacci retracement . Once there is downside confirmation, we would expect...
Type : Bearish Momentum
Resistance : 1.2201
Pivot: 1.2109
Support : 1.1952
Preferred Case: On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to the pivot at 1.2109 in line with the swing low support, 78.6% fibonacci projection and 78.6% fibonacci retracement. Once there is downside confirmation, we would expect...
Type : Bearish Drop
Resistance : 1.2335
Pivot: 1.2181
Support : 1.1950
Preferred Case: On the H1, price is moving below the ichimoku cloud and has recently broken out from the ascending trendline which gives us a bearish bias that prices will drop to the pivot at 1.2181 where the 100% fibonacci projection, 50% fibonacci retracement and swing low support are. Once...
Type : Bearish Momentum
Resistance : 1.2124
Pivot: 1.2057
Support : 1.1855
Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2057 in line with the swing high resistance to the 1st support at 1.1855 in line with the 78.6% fibonacci projection and 161.8% fibonacci...
Type : Bearish Momentum
Resistance : 1.2563
Pivot: 1.2514
Support : 1.2432
Preferred Case: On the H1, price is moving within the descending channel and is below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2514 in line with the overlap resistance to the 1st support at 1.2432 where the swing low support, 100%...
Type : Bearish Continuation
1st Resistance : 1.2660
Pivot: 1.2622
1st Support: 1.2554
Preferred Case: With price reversing off the ichimoku cloud resistance, we have a bearish bias that price will drop to our support in line with the horizontal swing low support, 38.2% fibonacci retracement and 23.6% fibonacci retracement from our pivot in line with the...
Type : Bullish Rise
1st Resistance : 1.2631
Pivot: 1.2553
Support : 1.2485
Preferred Case: With price moving within the ascending trend channel and above the ichimoku cloud, it supports our bullish bias that price will bounce off the pivot at 1.2553 in line with the confluence area with 50% Fibonacci retracement to the 1st resistance at 1.2631 in line with the...
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The British pound / US dollar currency pair is approaching a bullish DMI convergence on this daily chart. Should DI+ cross DI- here, it could be a good time to go long.
Looked at the EURO, the CAD, and Pound
The Cable looks poised to rebound, a very divergent move down. Feels like, did we hit your stop? How about now? And Now?
These traders don't fool around - they want your money.
That said looking to get back to .78 Fib where this Naked Point of Control
We get negative war news and of course this is invalidated.
2...
I am still expecting the price will drop sharply in the near further towarding a new lower low.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy...
Does this trade look like something you'd want to buy into? "No" is always an acceptable answer, but if you (as we) think GBP/USD is ready to revert to the mean, why not step in gently, a few contracts at a time, rather than all at once.
I have an alert set for when 6B comes into that 4 Hr Supply. A few more basing candles than I would like before the drop but it was a strong enough move to add to the watchlist. It also comes into a weekly LVN right above that Supply Level. One thing I will say is because that high was so weak, almost 7, 4 hour candles with almost the same high, I believe there is...
