GBPAUD-Short from Resistance & FibResistance goes way back on weekly chart. After weekend, I will look for trade. The Fibs correlation is nice.
Gbpshort
GBPAUD SHORTGA Short , crossing into an area of massive selling pressure and resistance should see a nice push to the downside. Could turn into swing trade if held long enough. Also previous bullish momentum failed to test previous areas rejecting off our fib levels marked out, Everything is lining up perfectly however be cautious if it breaks/ closes above the key level marked on the chart .
GBPJPY: AnalysisPrice is testing my daily support as of now, waiting to see if there is more bearish movement.
I have a *weekly* Descending channel plotted as well and price is just over the resistance line, with that i'm waiting for two things only..
1.) Price to break my daily support and keep falling to my weekly support
OR
2.) Price to bounce off daily support and reverse in the opposite direction
Be sure to leave a comment if you have something to add!
*Ill be updating on GJ*
GBPJPY 4 hour Short(1) Big Daily Bat
(2) Daily Structure if price goes higher we can aim for the Big Bat
(3) Cypher pattern at market
(4) Bat pattern at already a little lower than market
(5) RSI Divergence
(STOP) had to be little lower than 1.13 to get a 1:1 , stops are hug also with 200+ pips
(T1) can aim for the 382 , with 136 even
(T2) can aim for the 618 , with possible 134 -> though i think this maybe a low possibility
GBPUSD looks exhaustedI feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how this plays out.
GBPCAD ShortAfter breaking out of 4hr wedge pattern, expect pair to retest trend line (with Fibonacci and market structure confluence) then continue downward
GBPJPY BuysWe been on a weekly bulllish momentum.Will be looking for 30min support to hold and retest the high.
Let's try this againWill the price fall?
originally I had thought there was a bear flag formed but it has come to my attention it is just a breakout! hehe, practice makes perfect! now we wait
📈Long trading setup or a bull-trap? Let me know your thoughts🤔On the daily chart we can see that the EUR/GBP has been trading in a range of 0.887-0.900.
Yesterday it broke the 24 day consolidation by breaking through the 0.900 daily resistances on the daily level, which is a BIG DEAL.
Throughout this trading pair’s history the .900 level has acted as resistance going as far back as 2011, which tells me it’s an important level and lots of traders are watching.
The break to the upside was caused by the BOE singling that they will increase QE by an extra £100m+, with the markets assuming that more QE will be needed in summer.
I don’t want to FOMO in right now because this is also a great place to get caught in a bull-trap.
For me to go long, I would like to see a few daily candles close above the 0.900 range to confirm the break out to the upside, and see the 0.900 resistance level turn to support via rounded re-test.
For that to happen I’d probably get in around 0.900 with a stop at 0.8987 and a take profit at .9500 for an R of 3.46.
If we get to the 0.8987 my idea of a breakout has failed as we’ll be near the mid of the daily trading range.
I take profit at 0.9500 because that was the top of the last daily candle during the fake out, and I suspect there to be a lot of sells if reaches that level.
If you have any questions please feel free to leave a comment
GBPJPY SHORT 4 HOUR CHART!!!In a bit of rush but there is a lot of TA behind this decision...
Good luck traders :)
GBP/JPY : Bear Flag BreakDown SuccessfullyWe can see completey downside movement continueas per price action.
ThankYou
GBPUSD Short Side FavouredGBPUSD Daily is currently testing major historical resistance. Price Action has broken our of fib level 618, watch for an immediate bearish reaction.
Eliot Waves Say Bearish
Bollinger Bands Say Over Bought
RSI almost over bought
EURGBP LONG1. Broke supply with strong push
2. Turned into demand
3. Rejection off the demand
4. ENTRY BABY!
GBPAUD - Buy&Sell OpportunitiesPossible rise in the price of GBPAUD in wave C as part of wave 4.
After reaching a key resistance level, I expect a continued decline in the framework of wave 5.
GBPUSD, short to next bears levels: 1.2369, 1.2330.Hi, friends lets look on GBPUSD chart window. We see big newly opening bears. And totally bulls involving around this volume. So i think its clear short. Thanks to x-lines script we have target for downward trend: 1.2369, 1.2330.
More about X-Volume indicator - link below.
Waiting for your likes!
GBPUSD to begin forming second shoulderWe're now looking for GBPUSD to continue it's second third bearish leg and complete it's "Head and Shoulders" from the region of 1.24600 towards lows of 1.23282 over 145 pips away. Risk is low due to the position of our entry.
