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Poundsterling

GBPCHF: How To Catch a Pullback? good morning, guys GBPCHF reached a strong resistance of a rising wedge pattern. taking into consideration oversold rsi with divergence on 8h/4h charts and a double top formation with a confirmed violation of its minor support on 1h, chances are high that the price will retrace. to catch a bearish movement you can sell the retest of broken support or just enter aggressively depending on the desired r/r. targets: 1.2037 1.2017 stop above the tops good luck!
Short
by VasilyTrader
7
GBPAUD: Consolidation and Complete Indecision GBPAUD is stuck between two key daily levels. the price is consolidating within a wide horizontal trading range. 1.814 is the support of the range. in case of a daily candle close below that, the price will most likely drop. target level will be 1.796 1.839 is the resistance of the range. in case of a daily bullish violation of that, the price may continue the July's bullish rally. target level will be 1.853 also note that for intraday trading, you can short the market from the resistance of the range and buy from its support. currently the boundaries of the range serve as supply and demand areas. good luck
by VasilyTrader
5
GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag. Even though the pattern is bullish, it can break out either way, thus: TRADING PLAN: 1-wait for the breakout, either way 2-make sure it is confirmed 3-Enter the position on the pullback, according to the direction of the breakout. 4-The ultimate targets are the support and the resistance. Thank you for reading, like and subscribe and have a nice day!
Long
by ProSignalsFx
3