GJ Recently Broke structure on the 4hr tf, and quite recently followed by this B.O.S we could be forming a higher Low signalling a bullish move to the upside of my target at 152.500
This is an update on your previous analysis We are still currently holding positions from our previous analysis The pair triggered and hit our Sell Stop TP @ 1.39900 which we have adjusted We are currently in an active Sell Order on this pair. New Positions: Current @ 1.39100 Sell Stop @: 1.38800 Sell Stop TP@: 1.3600 Buy Stop @: 1.39800 Buy Stop TP @:...
big picture+channel GBPUSD IS UNRULY, MOVES INSIDE THE CHANNEL, AND IS PRESSING AGAINST THE RESISTANCE (1) I am preparing for a short (2) But wait for a reversal confirmation pattern (3) Double top, or H&S above that little horizontal support (4) If the level breaks, next resistance is the diagonal line. __________________________________________ LIKE and...
Since the dust has slightly settled after yesterday’s madness, it’s time to take stock. Let's start with what was on the surface. Several ministers of the British Cabinet of Ministers (Dominic Raab, Minister for Brexit, and Minister of Labor Esther McVeigh) have resigned as a sign of disagreement with the current draft of the treaty. As a result, the pound crashed...
Waiting for a strong bullish close above the weekly level of resistance indicated around the ~1.62 level. Before, I was short on this pair (if you check previous posts). With only a slight percentage of the UK leaving the European Union, I believe the pound is ready to regain strength. Price action formed a reverse head and shoulder pattern(a reversal pattern) and...