Denment

Denment

We tested the old breakout area around 1805 and got rejected by the 0.618 Fibonacci in addition with a falling trend line! Short if we form lower lows and exit the supporting trend line to the down side.

Denment Updated 

GBP/USD is moving in a broadening channel, touching the upper boarder. Price is making lower lows, lower highs. TP above last highs. SL lower boarder of the channel.

Denment

We left the consolidation to the downside, making lower lows. Broke the supporting trend line today. We are selling the retest of the trend line and the retest of the previous support at 13550. Sell now with a tight SL or a SL at 13650. TP is the recent low around the 13340 area.

Denment

Price has been consolidating and trading in a range for 3 months. We are approaching the supporting trend line which lead to a higher lows in lower timeframes (recommend to have a look in H4, H1). This is a opportunity for a early, however more risky entry. If the trend line holds and we break out of consolidation, add to your position. Add on pullbacks on lower...

Denment

Price created lower lows and lower highs. Price retraced between the 0.618 and 0.786 zone and is currently consolidating at a falling trend line. Wait for break out to the down side, to go short. SL few pips over recent high. Add a alarm to the falling trend line in case of a retracement and break in the long direction to be able to manage your trade. TP is the...

Denment

Lower low. Meaningful pullback with consolidation in H4 with exit to the downside + breaking for supporting trend line. Target recent low.

Denment

Lower low followed with a meaningful pullback to resent supporting trend line now becoming a resistance. Trendle of the pullback broke. Target at least prior low. Further TP is the 89.300 - 89.450 zone.