Renko chart with Ichimoku confirms lagging span above the cloud and the recent cloud is Bullish
Also the indicators below are pointing up and above the MA
Candlestick with Ichimoku is still within a very strong bear cloud but very close to breaking above the 1.3175 area of resistance
Weekly pivot level has been crossed but a possible retest of 1.3136 area...
If you look at some of my past ideas on GBPUSD you will see I'm bullish long term and this is just another trade set up I'm seeing develop on the charts.
London Open will be very volatile and a must watch for this pair as high impact news with chart patterns and some technical analysis have me bullish for some major pips this week.
If the triangle breaks down...
Trying to get into Videos describing how I go over the charts using Renko and Candlesticks with a few Indicators in play.
GBPUSD setting up for a huge move this week let's not miss it.
Let me know what you know!
Bears in the house for this pair with geopolitical atmosphere that could be changing very quickly over the next few months or throughout the year, the Yen becomes a safe haven asset to park big money. Expecting a pull back into 1.29 zone for a nice entry point that has some big potential on the downside for short and long term trading. One of the pairs I'm...
Currently seeing a Bull Trend shaping up nicely if this continues with more momentum up but if this breaks down expect a sharp fall towards 1.29 or even further if support doesn't hold.
Long Trade- Watching for a breakout up past 1.3195 area (Aggressive Trader Entry), Pulls back towards this same level after testing 1.324-1.325 and if we see new support hold then...
