Stackin_Guap

Stackin_Guap

Gbp has fallen to a daily support zone which coincides with 76 fib level. 1.28500 is a monthly significant price and we are currently trading above. The monthly close is unlikely to be below here and the new monthly candle will likely go bullish initially as price retests 1.30000-1.31000. NFP tomorrow which is likely to power the move.

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Price is at historically significant level, daily made higher highs and currently respecting the swing low at 66.255. Mentions in the middle east as well as election uncertainty in the US may push price higher. There is also the gap down from weekly open that is likely to be filled. Any major escalation between Iran and Israel may cause a spike up in price. If the...

Stackin_Guap

Price is still in a bullish trend until the swing low at 1.30020 is broken. Currently consolidating within the daily demand zone. Buys taken anticipating a bullish move up into 1.32000. Gbp news tomorrow may prove to be the catalyst for the move.

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Price has been consolidating in the daily demand zone and has now formed an inverse head and shoulders pattern. Currently rejecting downside on the 1hr. Bullish retracement likely to retest 1.32000 and potentially higher.

Stackin_Guap

Daily had been bearish with today's candle giving a pullback off 76 fib level. Currently testing resistance. Anticipating a bearish move to target lows before nfp. Daily demand zone beneath double bottom may establish a bull move after the drop.

Stackin_Guap

Price has been making higher highs and lows. Yesterday's candle was bullish and price has retraced into golden zone. Currently rejecting the downside. Anticipating a further move up into 1.35000

Stackin_Guap

Price overbought in downtrend, anticipating a lower high on the daily tf here. Touched 50 sma and psychology resistance at 146.000. Fundamentaly dollar is weak and jpy is hawkish.

Stackin_Guap

Last week closed bearish under a strong zone. Current week testing the highs of previous but has not broken above 188.000. Trend is still bearish. Double bottom liquidity at 183.500. Anticipating price to respect the high at 188.000 and move bearish to potentially wick fill on the weekly tf down into 181.000. Current 4hr candle flipped bearish and entry taken....

Stackin_Guap

Price rejecting off 1.31900 on 4hr tf. Dollar has been gaining strength after finding support. Yesterday's USD news was bad but this may influence the feds rate cut decision which can be interpreted as hawkish especially if nfp shows red. Anticipating a further leg down into 1.30300 before GU.

Stackin_Guap

Gbp sold of from 1.32600 and broke higher low. Trend changing for a retracement. Head and shoulders pattern on 4hr. Gbp overbought. USD news was green today which led to bearish movement. Now retesting the neckline of head and shoulders for a rejection and continuation to the downside. First target 1.31000

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Price has pulled back into weekly zone and strong demand zone. Gnp is overbought and due to retrace. Overall bullish trending. Bull flag pattern forming. Oversold on 4hr tf RSI

Stackin_Guap

Gu has pulled back into the previous monthly lows, anticipating a bullish move in accordance with current trend. Currently in good value demand zone for buys with price making higher lows on the lower timeframes. There is also bullish divergence on the 4h timeframe. Fundamentally the pound is strong with a new party winning the election causing optimism for...

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Price has hit weekly resistance with a push caused by cpi release, pound failed to break through 1.27500 and retraced creating a rejection wick. DXY also broke out of a descending trendline signifying bullish momentum mounting. The weekly candle has no bottom wick so a retracement is likely. Anticipating FOMC talks to push GU down.

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Price made the retracement into daily zone at 1.24520 and rejected, yesterday daily closed bullish. Today's candle has retraced to 4hr ascending trendline. Anticipating a continuation into 1.26000

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Price has been bullish iff 1.23000, 4hr bullish, last candle broke above resistance. Currently retesting structure. Anticipating further upside toward 1.25800-1.26000

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Price bounced off weekly demand and key psych level 1.23000. 4hr tf moving up, closed bullish making a higher low. With dollar overbought anticipating price to continue bullish over ny session.

Stackin_Guap

Price has fallen into key daily support, and 76 fib zone, formed double bottom on lower tf, yesterdays daily candle closed bullish indicating seller exhaustion.

Stackin_Guap

Price has been stagnating in the daily Fibonacci zone between 50 and 61.8, price has made a higher high and higher low on the lower timeframes. Positive data release for the pound, anticipating a bullish leg up into 1.26000