GJ showing very bearish signs on h4 time frame making higher lows and finally breaking the H4 support zone.
GBPUSD is trading in bearish parallel channel and seems like the pound is under huge sell pressure. Will the instrument continued to be sold?
GBPCAD is been on huge bull run and now due for some deep correction. A deep correction to 1.6850 followed by 1.6800 seems to be on table.
Bearish Indications (BIASED SHORT) 1. Bearish Flag Formation and it breaks its support line as well 2. BXY is in a Bearish/Sideways Trend 3. JXY is in Bullish Trend 4. Broken flag support trend line Bullish Indications 1. Currently Price is at its major support level in Higher TFs Neutral Indications 1. No divergence was found as RSI and the chart is in sync
BXY (British Pound Currency Index) 1W & 1D: The British Pound Currency Index has been trending to the upside since the beginning of the year. The trend is strong, moving in a classic Higher-High and Higher-Low structure. The BXY is respecting an ascending trendline from the weekly perspective, and we are currently seeing a minor pullback towards it. We expect...
look at it and think before entering any pair included (GBP) ..
ENTRY: 127.5 TP: 126 TP2: 125 TP3: 124 SL: 129.5 Chart time frame - 1D Time for reaching TP - 2-5D Follow, Like, Share or Comment Thanks on supporting! All best!
TVC:BXY
BXY found support at 124.5 but we should continue downward movement when it gets to 126.7 area
BXY is facing bearish pressure from our first resistance where we might be seeing a further drop to our first support level. Stochastic is also approaching our first resistance where we might be seeing a further drop in price.
BXY is testing our support where we might see a bounce above this level to our first resistance level. Stochastic is approaching support as well.
BXY is approaching our first support where we might see a corresponding bounce in price to our first resistance level.
BXY is approaching our first resistance where we might see a corresponding drop in price to our first support level at 6.974. Stochastic is also seeing bearish pressure from its resistance line. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.