Big double bottom forming this downtrend is going to reverse. Confirmations -Take profits was hit on daily, weekly, and monthly. -Double bottom aka the gas - Possible head and shoulders forming I am looking to target 200 pips and up on this trade.
This pair is showing many signs for the down trend move. I expect this pair to crash around the 0.45742 area. Looking at higher time frames everything is being maintained. Confirmations -top down analysis -candlesticks -structure being maintained
Multiple confirmations -fibs in check -candlesticks in check -supply and demand zones in check -structure being made for downtrend in check
When you analyze GBPUSD on the 4 hour chart we came from a bearish trend making lower lows and higher highs. With this in mind we will eventually break that structure and continue on the uptrend move. There are 2 ways this could play out for the uptrend move -Seeing that 1.31559 is a major area of support the sellers would have to really push and break this...
I think that this pair is exhausted from sellers constantly pushing price down. Overall slowly becoming more and more of a bullish market long term if your looking into daily charts. Also pay attention to wicks that show exhaustion. If your looking for any positions for the week of 6/18/18 to 6/22/18 you should be buying and buying. Then the following week we...
We have been making lower lows and lower highs on this pair. Currently waiting for a nice retracement with other confirmations to enter on a short.
double top formed after 4h candle close perfect. Get in before the push down.
After the constant lower highs and higher highs being made this pair which I trade all the time is on its way down for next week of 3/26/18 to 3/30/18. Remember RISK MANAGEMENT
After the big rally up from last week and high impact news contributed to this, GBP/USD is looking like a good short for next week and beyond. Not to mention looking at this pair the bulls are exhasted by the signs of the wicks. So in short just be looking for sells if everything is respected with structure.