$GBPUSD has 2 possiblities but we need to know how up it will go to think about a conclusion...
Short on $SKX $KMX $GIS Long on $ADBE - On the radar $ARIA to buy
15' chart now an another point of view.
My only target was the 15' resistance... wasn't too greedy...
It's just broke a 15' resistance. Now, wait a pull back on 15' resistance and sell it!!! Target willbe the lower of the hourly box!
If the present configuration seems familiar to you... It's perfectly normal... Isn't it?
Testing the control candelstick. The monthly & Weekly trends are bullish so take care & don't be greedy and get out if it doesn't confirm...
Begins to build a box (or kind of...) If it crosses down, I sell Otherwise I buy! Target a is the distance between the box... Orders are placed...
It just break the MA50... MACD is bearish & Stoch is oversold... The same configuration in the past gave us a fall!!! It could drop till (+/-) 5% with MA200 as target!
Nice configuration... € goes down after the digestion of the brexit. In my opinion, if it breaks down the 0.83000 it could go lower... MA are all bullish. MACD too & Stoch is overbought and it's totally normal. I will sell it for long term investment under 0.83000 & buy it around 0.87000
It's to difficult to go further for monthly chart of $EURGBP Wicks are huge! Brexit is maybe more influent than we thinking previously... Everything shows us that could continue to go up!!!
Same target as the hourly chart. MA's are well placed. Nothing to do more than waiting... Could come fast... Or Not! Who knows?
The good news are 1. there's a box hourly between 1.30938 & 1.31458. 2. MACD is going to cross bullish. 3. Stoch is always bullish... The bad news? We have to wait the end of the squeeze!!!
Daily not really significative. A big range since 23 of june at least! Even MACD is bullish & stoch is overbought... Best way to do is waiting a pull back (in 15' chart) after the breakout of the higher daily. More or less @ 1.32546. Why waiting? simply because the MA200 could be a resistance... In this case, to short it with last lower as target.
Watch out! Could be a box on weekly chart Needs one more time on bottom to be accepted! This is a big range with moving averages parallels! MA50 passes up the chart!! Could be a resistance? Maybe the end of the squeeze?