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GBP/USD : BEARISH DRAGON PATTERN DAILY - POTENTIAL R/R 3.00 % 🔔Welcome back Traders, Investors and Community! Analysis of #GBPUSD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Dragon pattern With potential Max over R/R 3.00% - We will be waiting for all the confirmations to enter this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
7
EUR/GBP: PRICE ACTION ON BULLISH CHANNEL 🔔Welcome back Traders, Investors and Community! Analysis of #EURGBP If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Price action on bullish channel - We will be waiting for all the confirmations to enter this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Long
by FOREXN1
10
GBP/AUD : BULLISH BAT+ CYPHER PATTERN IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community! Analysis of #GBPAUD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: BAT+CYPHER Bullish Harmonic Pattern. We will be waiting for all the confirmations to enter this trade. A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Long
by FOREXN1
6
SPXTF: 12 Hr Looks like it will fill the wick and possibly retest the trend line /trade around it for a little bit. RSI has some room to move north before being considered overbought; however, some bearish divergence may be building on the 12 hr TF, I will have to see how it plays out. The big fat light blue line is a large moving average, note how it found support last Monday and we saw a strong bounce, overall we may see some more sideways trading, but all moving averages are now moving up showing some bullish momentum. It will also be interesting to see how markets take the recent US election. I somewhat leaning bullish, not because Sleepy Joe possibly won or loud mouth Trump possibly lost, but because the election is close to being over and a possible coronavirus vaccine. To me that signals a slight bullishness from a fundamental view. On a bearish side we could see price drop to the bottom of the sideways play at $3,200. If that breaks than we may see greater downside.
OANDA:SPX500USD
by MC_Mike_Trading
2
SPXTF: 4 Hr Looks like we got an interesting set-up on SPX. Taking the fixed volume ranges of the recent downwave (~$3590 to ~$3220) upwave ~$3220 to ~$3550) shows that most of the volume traded for both ranges is between $3558 and $3775. Taking a fibonacci retracement on the recent upwave shows that the two range POCs are within 0.50 to 0.618 retracement golden zone ($3379 to $3334). Based on that, I think price will move down into these levels and I think we will get a good price move from there. Could get a little dicey with the upcoming US elections
OANDA:SPX500USD
by MC_Mike_Trading