My eyes have been on gbpchf going long nevertheless i see a new formation with a selling potential, currently the pound seems to be weak against swiss franc and when we check the H1 timeframe we see a double top pattern formed up with the neckline broken and also achieved retest and currently pushing down. Although i am still on the lookout for a bullish momentum...
A little bearish retracement when the market opens and then we go all the way up
a retest back to broken resistance which should become support then a possible bullish rejection to confirm our head and shoulder pattern and we wait for a break of the resistance level and take our long position. Nevertheless if price breaks our support below then we should be looking for a sell opportunity
i expect a bullish move to the horizontal resistance and if it breaks then we take it up to the diagonal resistance however this is in a downtrend so we will still have our eyes on having a selling opportunity especially if it breaks the support below and retest
i expect price to rally up a little as the market opens to the diagonal resistance which has been respected over time, i expect sellers to push price down from that level although our sell order will be validated when we see price being rejected at that level. However if price happens to break the resistance then we will wait for a retest before going long on the...
As market opens, expect a little move to the upside towards the diagonal resistance which has been respected for a number for times, i expect sellers to come in at that point to push price further below. Our sell order will be placed after price action has been seen showing price rejection at that resistance level. If price breaks the resistance level we will be...
we see gbpusd currently forming an head and shoulder pattern on D1 and H4 timeframe. I ex expect a little bullish move when market open and then sellers to come in and push downward to form the second shoulder of the pattern nevertheless if there happens to be strong bullish move that breaks the resistance, then i will be waiting for a retest before possibly going...
we see gbpusd currently forming an head and shoulder pattern on D1 and H4 timeframe. I ex expect a little bullish move when market open and then sellers to come in and push downward to form the second shoulder of the pattern nevertheless if there happens to be strong bullish move that breaks the resistance, then i will be waiting for a retest before possibly going...
we see gbpusd currently forming an head and shoulder pattern on D1 and H4 timeframe. I ex expect a little bullish move when market open and then sellers to come in and push downward to form the second shoulder of the pattern nevertheless if there happens to be strong bullish move that breaks the resistance, then i will be waiting for a retest before possibly going...