After a decent steady rise of GBPUSD, I think the rally is out of steam. My reasoning for the GBPUSD rally was a correction in the USD Index rather than fundamentals for GBP being strong. Shorting down to Fib level 0.236 @ 1.2640
So it's been an interesting few weeks. I've been quite impressed with the price action and the strength the bulls have garnered - seems to be retesting the .2830 mark which symbolises the 1.618 Fib level. I believe once this level is broken and we receive confirmation that the next move is bullish, then the next stop is .3250. This price movement is very bullish...
A nice bull flag formed in side the trading channel previously post. Not retested the support line @ .2340 either and WELL above the 200 MA. The most positive thing about the price action is it's ability to hold on to the price rise, then consolidate. Haven't seen this kind of price action for a considerable time. Bull market underway......I can see us nudging...
Hope you all had a delightful weekend, I've eaten too much as it was Super Bowl Sunday.....as a Brit living in the US, my knowledge of football is horrible, however it's a darn good excuse eat! On to numbers....We're looking at the 4hr chart which shows a very nice bounce off the Fib level 0.236 @ 1.3550 - i can see us trading in the range of 1.3550 1.3209 for...
Morning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and...
So we're looking at the 4hr chart. Previous strong resistance level @ .2400 is now a good support level also coinciding with 0.618 fib level. I remain immensely bullish on XRP and feel if we can remain above the longer term trend line we are headed towards a very nice bull run. Please give my idea a like if you agree and welcome any feedback. Happy trading all!
Long term and short term signals, i'm quite bullish on XRP. Trend is your friend, happy trading all.
Classic bearish candle stick signal - will await confirmation the signal to enter short.
Looks like a move to the downside might be imminent if we can't gather enough momentum to drive price to the upside. If we break .2200 i feel a retrace back under .2000 is highly possible. Good luck all.
This ascending channel is forming nicely. Unless we break the channel to the upside or downside these are my price predictions for the 30th January. I feel we may break out before that to the upside in some sort of parabolic move, however if this channel scenario continues then this is what i'd roughly expect.
Lovely pattern forming and i'm super bullish on the pair - i've been LONG since 1.2700 and plan to hold out until we reach 1.40 - personally i believe the conservatives will obtain the majority they need to Brexit, therefore sterling should respond positively. I remain on guard to close my position if the majority doesn't transpire as i believe it will be an...
Bull Flag appeared on the 15m chart - Long from 1.2270 SL 1.2250
Must close above the resistance line of .4320 to progress back to .47 mark.
I predict the price to move back towards .4310 by the end of this week. Have a good weekend all.
This is what i predict, given we are overbought and the strong sentiment in crypto land at the moment - time frame could be different, but i think this is where we are heading! Give me a like if you agree!! Have a great day!
Looking bearish at the moment, key level of .2850 which must hold in the coming weeks or further lows will be established. I will set a price alert and wait for this level to be tested.
A quick prediction this morning - I hope the support line holds and then we might see some sideways movement for a while.