BeaucoupPips

BeaucoupPips

The MLQP is at hand, will the bears continue to push dollar beneath MLQP but remain in the hesitation zone and reverse at the PRZ? Only one way to find out

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After a big drop the market must chop. Trigger point for price to yield strength for price to rally up

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The bears continue to push price lower, as 1.22500 is within reach, would price be able to reach this quarter point and trigger the D point of the ab=cd pattern?

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Is it time for the bulls to step in after bottoming out, seems like a W formation is in the making in preparation for the rally.

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GBPUSD is still on the downtrend with the bears not backing out anytime soon. However, there seems to be a change in trend as the pound creates a higher low. Question is, will that support hold and be enough for the bulls to change the course of trend towards the LQP and reach the D point of the Shark Pattern?

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Wyckoff + Harmonics. Price has now gone past the H-Zone, could this setup have price reverse away from further lows or will it just be another reaction spot to temporarily halt the descend.

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GBPUSD has done a Wyckoff Distribution with a 4th hit to the upside to clear out stops and a potential Bearish Butterfly pattern on the H1 timeframe. This pattern could send the price down towards the next LQP 1.25000. I'll wait for confirmation to see how price reacts to this pattern. Will it yield a reversal or a reaction?

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GBPUSD did a W formation on the H4 timeframe and failed to break Wednesday's low. I expect price to rally towards the peak high of the H1 Wyckoff Distribution and have a bearish reaction afterwards. If price fails to break the low again, GBPUSD might have entered an H4 Wyckoff Distribution and could consolidate before shifting down. Look out for any peak formations.

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GBPUSD has formed an inverted head and shoulders on the H1 timeframe and is heading towards last week Friday's peak. Within this formation, a bearish AB=CD pattern coincides with the hesitation zone. PRZ tips suggest that a convergence of Fibonacci numbers and specific price patterns provides a highly probable area for a reversal. The PRZ aligns with the...

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GBPUSD is trending upwards, but an AB=CD pattern could mark the end of the uptrend. The PRZ coincides with the LQP 1.275 and could serve as a resistance level for the pair. Price could play around this zone and go through to 1.275, or the resistance may be too much and cause a price reversal. Look out for extension patterns as the trend reaches its end.

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Will GBPCAD, roll over after establishing this 4th hit?

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Magic 4, taking this setup for a test run, let's see how it plays out

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GU experienced a sharp rally towards the LQP, 1.25 after a correction from the Bearish Butterfly Pattern on the H4 timeframe. However, this rally did not provide enough momentum to continue towards the LQP, 1.25. I expect price to come back down to clear out traders who went long yesterday in NY, but also find an area to use as a support level, to continue pushing...

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The pair had a rocket start on Tuesday, moving almost 100 pips, however, price has turned around since then, correcting traders who went long. There's a Bat pattern which can bring this correction to a halt, or give price the green flag to continue further, let's see how it plays out.

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As price breaks another LL and forms another LH, GU continues to descend. I reckon this ab=cd pattern could yield some significant support for price to change character and do some corrections. If not, I reckon a shot towards the next LQP 1.22500 could yield this change of character instead.

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GBPUSD is currently on a downtrend and I believe there’s still some room for a correction before price continues further with the downtrend. Price is currently consolidating, picking up liquidity as it uses specific structures to bounce off and on while triggering pending orders at a loss and triggering stops. I’ve also spotted a potential harmonic pattern that...

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Will GBPUSD continue to rally up or is this the turning point? Let's find out

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Here it is, after a long couple of weeks, GBPUSD has finally gone bearish. This is a long shot, but this particular area could serve as the next potential reversal point. Along the way there could be some setups that can support price using this area to rally up, at least to the LQP. The 38.2 take profit is near the LQP so there's some level of interest in case...