Trader-TO

Trader-TO

An uptrend is observed across the daily, H4 and H1 and the overall price action is set to continue in this direction if the current trend support line can hold and become a major support (with 3 touches). If prices drop below 1.3780 then the trend may change downwards and we we will see price continuing further down.

Trader-TO Updated 

I have applied the triangle pattern to the H1 chart whihc works better and I believe give a better setup for a break out. Usually a triangle pattern is categorized as a continuation pattern but the resistence has held strong all day resisting any break out above 1.382. With 20 minutes remaining on the hour setup both up opr down could be there for the taking...

Trader-TO Updated 

The uptrend on the M30 chart continues as we anticipate further upside today. As long as price action is above pivot of 1.379 we can expect further rise if indicators and positive market sentiments continues. I have also observed a triangle on the M30 which usually indicates a continuation of the trend which is up in this case although may not always be the case.

Trader-TO Updated 

The M30 chart shows a downward trend with resistence being tested for a possible break to downside. The price action can also be added inside a rectangle which indicated the price will head up or down based support or resistence failing to hold. The price action generally looks bearish especially after yesterdays bullish rally which exausted the market and...

Trader-TO Updated 

We have 2 minutes remaining on the 15mins chart for a possible 3 black crows forming for a Bearish entry?

Trader-TO Updated 

This week starts with a clean trend line on the 1H timeframe. The support and resistence are well defined and secondary supporting evidences can point to a bullish trade opportunity.

Trader-TO Updated 

Here we are anticipating a change in trend with an opportunity for 25pip uptrend? The price is still above the 1.37200 Pivot and has failed to break the 1.3733 resistence. Thoughts?

Trader-TO Updated 

This morning an uptrend on the 30mins chart confirmed a change of direction. Other indicators are needed to enter a trade although the general outlook is bullish.

Trader-TO Updated 

There is a bullish Pennant visible on the Daily charts hinting a continued upwards movment to around 1.372. Furthermore, according to Trading Central, a double bottom can be seen on the 30M chart with price corss over on moving average signaling a new uptrend. This could be a 21 pips shot up. Comments and feedback?

Trader-TO Updated 

If this was correctly analysed as being a breakout rectangle, then the target would be as long as the rectangle lenth as shown.

Trader-TO Updated 

A rectangle chart pattern has formed on 1H chart for GBPUSD bounded by parallel support at 1.3580 and resistance 1.3595 levels. From here, the price could breakout to the upside or downside. Further market sentiments may help determine the direction with key news from BoE Mann expected tomorrow may influence the long term movement.

Trader-TO Updated 

Here I have used fibs to determine a retracement followed by further downfall. It seems if a retracement does not happen then the trend might continure up wards. The ADX value is also sittign at 50 atm which indicates the continuation of the current trend being downwards.

Trader-TO Updated 

Here I have re-evaluated the uptrend lines and noticed the current downtrend could be just a retracement for longer term uptrend. Therefore the price action may trend side ways towards the up trend line and then hit up wards. Thoughts?

Trader-TO Updated 

A rising wedge is forming and potetial trend reversel possible on 4H chart complimented by an upside hammer and a double top. Thoughts?

Trader-TO

Here I have added further analysis to GBPUSD using Fibonacci retracement to highlight potential retracement level.

Trader-TO Updated 

Indicating underlying strength? Could this be a sign of change in direction?

Trader-TO Updated 

The 4 hour chart shows a divergence which may indicate a downtrend i.e. change of trend from bullish trend to date. What are your thoughts and feedback?

Trader-TO

Here is my basic analysis on the 1H charts highlighting trendlines and support and resistance. GBPUSD to retest strong resistance at 1.3604 and head down to uptrend line for a retracement and back down to 1.3720. 14th October is going to be volatile with Bank of Englands (BoE’s) Mann speaking but it is anticipated that interest rates will not increase and...