Hello traders
GBPUSD broke the daily trendline that was holding it in a downtrend. After this break, GU is looking bullish. But please note that this could be a fakeout.
After this break, price left an fvg on the daily timeframe and a demand zone on the 4H.
This is the daily chart with the breakout
I am looking to take a trade on the demand zone expecting price...
This is a very similar trade to the GBPNZD trade that I posted due to correlation between the pairs, so if you haven't please check my GBPNZD trade idea for more information.
Here I am looking to enter in the fib golden zone.
Hello traders
EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down.
Furthermore, the rsi has been making lower lows while price was making...
Hello traders
GBPNZD has been forming a triangle pattern since 13 January and has now broke bullishly out of it. While it was a descending triangle, the rsi had been forming a bullish divergence showing a sign of strength.
Add to this the fact that this setup is forming on a daily trendline making this a high probability setup to me.
This is the link to the daily...
