finessetraders

finessetraders

this is a continuation of the previos post on gbpusd, daily/1h tf. we expect a short bear before the bulls can set-in in the coming trading week.

finessetraders

It isn,t certain yet what price is set to do but we still maintain a BULL bias. If price breaks and settles above line X', then we may take a BUY If not, we'll allow price range further to see our next line of action. follow me to get future updates on this.

finessetraders

As seen in the chart, we project price to reach another high. however LTFs should be used n picking an entry.

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this should be an easy one judging from the momentum we've witnessed during the previous week. also, the head and shoulder pattern outlined on the chart buttresses our view. Endeavour to use smaller timeframes for a better SELL entry if you must trade the pair.

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As seen from the chart, price has broken a major trendline but however, we an short for a few pips before deciding by price action if the bulls are still valid

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its still a valid BUY bias and as we can observe from the chart, trendline X is a strong resistance to reckon. trade cautiously.

finessetraders

a short buy spotted on gbpusd after more confirmations, we'll be able to ascertain if price will break through the resistance. stay close

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GBPUSD, Daily It appears the BULLS maybe setting in but no strong confirmations yet. In the coming week, we'd maybe focus on BUYS until 1.245XX region as marked by block A and trendline X tread carefully

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Price has almost reached the first key level at 214XX Second key level is at 227XX third key level is at 251XX Lets ride carefully

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PAIR: XAUUSD TIMEFRAME: 1H It is important to note that the instrument, GOLD is classified as "stock" and does not necessarily behave like the regular currencies. One may think price would retrace; correction after the impulse move but from experience, price would keep rallying up until trendline -X which marks a channel. But like always, the pair is full of...

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GBP/USD, 4H In my opinion, the bearish engulfing pattern isn't exhausted yet! the higher the timeframe it was spotted, the farther the BEARS go! Only a high impact will push the price pass block -A by retesting trendline -X But our best bet is for price to retest block-A and head straight to block -B

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risking 20pips for 80pips. difficult but not impossible. just waiting on the outcome now.

finessetraders

in what looks like a dicey setup, we still expect price to drop further. line Y may be retested. and as such, one must be careful on when to take position in order not to risk too much.

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GOLD, 1H Price may start dropping from 1823 but as usual we expect a STOP HUNT. This may linger above 1833 taking many SELLERS out of the market and also creating BUY opportunities to trap BUYERS before a Steep drop. Tread carefully!

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GBPUSD 15m We're currently doing a short term BUY until we get more confirmations to SELL at 1.210XX. A break and retest of Trendline-X cum Block "L" marks the Rubicon for BEARS. Then we'd be looking at 1.193XX.

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GBPUSD M15 The above is a chart from yesterday. Price didn't get back into the triangular structure. Also, price rallied towards the A-trendline axis, twice, but didn't make a touch. It's back at Y-trendline, encroaching it's boarders if viewed from the 1M TF. We'll wait for a pull back until 1.21500 region as shown in the chart before looking for SELLS! NB:...

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from the chart, trendline X and Y marks the channel. line AC marks the shoulder region for the H&S pattern formation. we expect a further move downward as confirmed by the bearish engulfing candle.

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since 24000, i"ve predicted BTCUSD to drop to the 12000 area breaching the previous low. i hope price continues to drop as my analysis suggests.