We pulled now back in our 40PIP´S FIB region to create that FIB C Leg. We also rejected of H4 Support 1.2970 and break CTL so far. Can we see a clear bull close above 1.3010 on next H4 close ? Then we may reach our Targets at first 1.3120 and second at 1.3170. Keep your eyes on the Charts..!!
Long trade just entered on FX:GBPUSD . Lets see how this goes :)
GBPUSD double bottom on a smaller time frame, expects a rally after a correction,supported by a 50DMA near 1.2870, so until prices closes below 1.2845 expects a rally
GBP fell hard after being announced that there would be no rate hikes anytime soon. I am expecting good buy opportunity around the 50% fib and the 1.25 area. if it breaks we could see gbp head all the way back to 1.20 area
A & E Double Bottom Pattern has formed on GU on the hourly chart. Wait for the price to close above the peak of the two valley's. Stay conscious of the news tomorrow as it could be a big day. A & E Double Bottoms can break the peak and then form a cup and handle pattern, when price breaks the handle it will be a strong bullish move. -Wait for news tomorrow -If...
It is JUNE! First idea is up! Lets start with POUND BAT formation detected on H4 & D1 chart. Strong support around 1.277x area. I am siding with LONG on this. Personally I entered last evening @ 1.27750 TP target around 1.3000 area. **Same, cautious for NFP data tomorrow :)
MA + EMA cross Trendline break + retest structure Expecting to see 1,24231 Don't forget to trade with proper RM/MM and caution. Good luck guys
Last week saw the GBPUSD gain nearly 300 pips from Tuesday’s low at 1.2108. However, the pair finished Friday’s session just below key resistance in the 1.2400 region. This area has acted as a pivot since November 22nd and will likely attract sellers in the coming week. With that said, buyers managed to carve out a weekly bullish engulfing candle. This alone...
We see Cable Long to 1.2520 to complete the D-E leg of the X-E Elliot wave within a descending triangle. Shorts will be in play from 1.2520 and we will be scaling on the break/retest of 1.2115
Believe price action will bounce off resistance level of channel. Expecting downtrend to continue and head down to the support area of 1.2170
Even playing safe with the Feb-07 low and accepting a range, there is still a 5.5:1 trade here
After a massive double bottom on the daily chart, we now have seen a flag formation (from 100% to 0% on white). the retest of the @1.24 level would give us a valid entry to go for the 2nd impulse of this new wave. The first target would be the @1.253 zone, confluence with the -27% fib extension and a intraday key level. The second target, would be the +- @1.27...
I am shorting GBPUSD in the 1.28-1.29 zone because of 4 technical reasons. 1. It broke out of the Brexit channel in October and now is close to testing the previous support of the channel (the red line and green arrows) 2. This zone is also an 618 retracement of the impulse move marked as "1 to 2" 3. The RSI/7 will most likely be overbought once it hits this...
Price is at an interesting point currently on the GBPUSD 1H Chart, sitting at a local support level. A break of the local support level would warrant movement towards TP Zone 1. A bounce off the support level would see price move to the Resistance Level. At the resistance level price may then breakout yet again and travel towards the Long TP Zone. However, we...
As expected BOE stood pat on their rate decision reiterating much of which was said last week by Gov M. Carney, the need for more analysis to be done is/ was key - " "Detailed Analysis" of All Policy Options Required" and "Extent Of Additional Stimulus Will Depend on August Forecasts". IMO the notes were very bearish and almost but 100% chance of some sort of...