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Poundsterling

GBPCHF: Important Breakout & Coming Changes morning traders, we saw a massive expansion on GBPCHF yesterday. with a huge high momentum bullish candle the pair has broken through a resistance line of an ascending triangle on a daily. that breakout opens a potential for further bullish continuation to major red resistance. I missed that rally and look for opportunities to be involved in this bullish continuation. the closest safe buying area is based on the rising trend line of a triangle and its broken resistance. within this demand area, I will try to buy the market. there is no guarantee that the price will drop there, but if it does, then we will trade :)
Long
by VasilyTrader
7
GBPNZD: Looks Bullish!!! GBPNZD was consolidating for quite a while within a narrow hourly trading range. the price formed a triple top there and finally, we see a breakout of the range to the upside. it will most likely trigger a strong buying reaction and the price will go much higher. goals: 1.9525 1.9572 (+ if you check daily/weekly chart you will notice that the price is trading on a strong horizontal structure atm, it increases the chances of a coming bullish wave)
Long
by VasilyTrader
12
GBPCAD: Bearish Continuation morning, traders! GBPCAD has reached a strong resistance cluster two days ago, the resistance area is based on a confluence point between a horizontal 4h structure and the resistance line of a falling parallel channel. on the hourly time frame, the price formed a double top with a lower high, confirming the strength of the underlined yellow structure on 4H. during US session the price has violated its minor support and now trading below. bearish continuation looks highly probable. goals: 1.7 1.694
Short
by VasilyTrader
25
British Pound/US DollarHere's something I'm currently working on with the British Pound/US Dollar. Why do I believe that Price Action will head further down? 1. P.A. broke a huge O.B. last week ($1.2980-1.3035). Precursor. 2. A new O.B. had formed ($1.3062-$1.3082) at the peak after breaking through the previous O.B. 3. The green candles underneath current price signifies potential *profit margin*. 4. Even though the previous O.B. was broken, it can still push price down to some degree. What if it does the opposite? I'll readjust, and wait for a B.A.R. of the $1.3062-$1.3082 levels to take it to the upside. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
3