CME:6B1!
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
⚠️ Important Notes:
1. Follow your risk management rules.
2. Timeframes: up to 1D
Buyers have passed important sellers zone near 1.2400 with significant volume. Range near 1.2400 is the nearest magnet now. Once retested and rejected we can consider longs with the final target near 1.26500. Note 1.23500 range has to hold to keep structure valid.
US berencana mengurangi tariff produk dari china menjadi $100B (berita positif) sehingga berdampak pada keputusan the Fed yang berpotensi kuat untuk menahan suku bunga saat ini (market sudah price in).
BOE menghadapai ketidakpastian brexit dan sudah mendekati ke keputusan untuk dovish(normal).
Dari kedua kondisi tersebut, short GBPUSD lebih potensial.
Pound broke below trendline.
It completed large corrective structure.
Could tag the former low below 1.20.
Entry order sell 1.2438
Target 1.2000
Stop 1.2513
The following are trades setup ideas in 15 mins chart for British Pound Futures.
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
If price action was below the AI...
RECAP: GBPUSD lower as expected but bottomed 19 pips above strong support at 1.3080/70. An unexpectedly strong bounce beat 1.3260/65 with stops above 1.3290 activated before a high 11 pips from 1.3325/35.
FORECAST: GBPUSD overbought short term so hopefully some initial weakness at the start of this week to allow us to start buying in to longs at 1.3235 &...
First base formation OVER the 15m 200ma since April 13th. Next higher high could trigger long setup. In anycase I will remain with a feeler or 1/4th position due to big catalyst news due on thursday morning from Bank of England, expecting a shakeout and then real setup there.
Overall I am looking for the dollar to drop this week and this bullish Gartley aligns with that idea. Entry is the blue line, stop loss is the red. Since I am looking for a larger move, I am hoping this small-risk entry can get me into a larger term trade. I will move stops to breakeven after a rise equivalent to my risk. Let's see...
Here we see an impulsive move up to start the week, followed by a pullback to the 61.8 Fibonacci level. Watching to see if price respects the blue trendline and continues a move higher. Also watching the red zones which are previous resistance + Fibonacci extension areas for potential take profit targets.
Here we see price moving off of a larger time frame trend support line which is also a 78.6 Fibonacci retracement. If price breaks the green dash trend line, after a retest look to go long, if it fails to make a higher high and continues down, watch for a retest of the larger timeframe trendline or break for a longer term potential break down.
