Gpuusd
GBPUSD returns to SUPPORT zoneAs I predicted in my previous forecasts the price to reached the support line.
First she touched the line of resistance and fell.
However, we saw that the price was near a small support zone and therefore it worked out a small correction and after that it fall.
The price came across two support lines. The third line is also located next to them, which creates a strong support zone .
The price bounced off the strong support zone and now rallies slightly. Therefore, I expect that now it will continue to rise and touch the resistance line. However, after that it will return to the support line again.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
GBPUSD BUYThere is a gap on metatrader.
There was a recent double bottom and retest of a trend line.
Looking to see GU to keep going up.
GBPUSD Butterfly Possible on daily , Watch out for it !!Hello guys ,
many of you know the rules of buttery fly pattern but i will mention it below ;
Leg B= 0.786 Retracement Of XA
Leg C= 0.382; 0.886 Retracement of AB
Leg D= 1.272, 1.618 Extension of XA
This is daily time-chart
Now i believe that Leg C will reach the 0.786 or 0.886 because we are in wave 4 in a Downtrend which is a corrective way ,and to be more specific the price now is going to form Leg C which is the last leg of a corrective way .
When leg C is completed we are going to have the last massive downtrend until the pattern is completed at 1.618 extension.
One more Conformation about the end of the big trend , if you check the whole trend to the down side you will see that the extension 1.618 of the first big wave , Wave 1 , will matches the D point of this pattern which also 1.618 extension of XA leg
Please be careful this is not a trading advice , Check your strategy , your entry setup and make your own analysis before you enter !
Good luck traders ,
If you think that i am right please support me with like bottom , otherwise comment below with your opinion :)
MyThoughts On GPU/USDAfter Fallinging through the bnottom of major support Gu formed a strong bearish channel which has broken and momentum has shifted as well as divergence. I am looking around the 1.47 area for TP.
