GBPJPY has show some unusal pattern for forming bottom bottom 2 lower than bottom 1 and then shows bounce back for shorter time one can trade little risky trade for some handsome profit for long side. keep in mind to place strict stoploss and manage the risk and reward Stay with us for more idea
1.732 is a good level to short #GBPCAD. We suppose it will be a very strong movement.
professionals adding long positions in gbp, while chf all the time high resistance area and suspect medium term bearish reversal in chf.
Even if trading on GBP is very very risky... everything suggests us the same. - Fibonacci (Twice) - Wave Pattern (point 5) - Previous High Impulse
Long green box; short red box; yellow lines are targets if either box is hit. If you have any suggestions on how this chart could be improved send me a pm. If you have any questions regarding the chart, please leave a comment. I am not a financial adviser, please trade at your own risk.
GBPAUD, pair forming bottom for the month of june, bullish divergence formed. gbp suspect strong for 3-4 weeks of june.
GBPJPY seems like a good short term buy due to a bounce off of the trendline that it is respecting. Also due to the high sell of of this pair that went for a while, it is oversold and thus needs a pullback before continuing it's momentum - REMEMBER THE RULE OF MARKETS - SUPPLY AND DEMAND. I am looking to take profit of 100 pips at around 140.7 though I will be...