X5

X5 Updated 

It’s have been a good rally for this pair and now it wants to get higher but looks that there is not enough fuel, even though there is a bull divergence and a reversal pattern present, the resistance at 129.81 could be strong. Bear divergence suggest that the price will back a little bit down and probably to form a bullish pattern in days ahead. For now, there...

X5

On D1 chart, price is in range but pressuring the uptrend, a bearish bat pattern is still in projection (see link belaow). Bull divergence is present. On H4 chart, a bearish ABCD pattern (blue) emerges and looks complete. Bearish divergence is present and just waiting for an entry. On H1 chart, there is a bearish B-fly / Crab pattern in play, bear divergence is...

X5

Price is trying to start an uptrend. On W1/D1 charts, the bullish crab pattern is complete and has presented a “pin bar” reversal bar, but no bullish divergence yet. On H4 chart, the price is trapped in a range, pressuring top channel resistance, and is more kind to decline to near support 1.4200 and even below to 1.4100 (blue lines - SHS pattern projection)....

X5

Bearish divergence present on H4 chart, indicate that the pattern (blue) on that chart is still valid. On H1 chart, there is a possibility that the price could form a bullish pattern that can be taken in advantage from point C. Waiting for divergence and reversal pattern on this chart to setup a short entry.

X5

Just making a correction (point A) Pair making corrections, bullish divergence suggests that the price will retest near resistance at 0.7700 Bearish ABCD pattern emerge and bearish divergence is present. The price could form a chain of patterns.

X5

Pair making corrections, bullish divergence suggests that the price will retest near resistance at 0.7700 Bearish ABCD pattern emerge and bearish divergence is present. The price could form a chain of patterns. CORRECTION: Point A must be at 0.7755

X5

The pair is still in bearish conditions, but on H4 chart a bullish divergence has present and warning to continue short position (for now). A bullish 5-0 emerges and the price could try to retest near resistance at 0.7030 Will see if a bearish pattern it presents near to resistance and resume the downtrend. Note: Bullish Crab pattern on D1 chart (green), but...

X5

Possible Bullish shark, divergence present, will see if the patterns get confirmation and looking for a combo Shark – (5-0).

X5

According to higher TF analysis (Buy), it could be a good opportunity to trade this emerging pattern approaching to bottom channel. Divergence is present. Waiting for a bar reversal pattern.

X5

Finally I see a probability to get a trade in GBP/USD, almost all the char ts are in a sharply downtrend, but the Bearish Shark projection in H1 chart can be taken. If the pattern is confirmed, I’ll target the 50% CD Fibo retracement and see if I can make a combo Shark – (5-0) pattern.

X5

Price in direction to the downtrend top channel, a bearish bat projection emerge but has still room to go higher. Invalidation of this pattern will give place for a Bearish B-Fly pattern projection. Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence. Note: Red lines correspond to a Bearish ABCD pattern on M1 chart.

X5

The pattern speak for itself, the bearish ABCD pattern looks to work fine and trying to get the downtrend top channel.

X5

The pattern speak for itself, pressure to the top channel but no divergence or reversal bar pattern yet, so there’s still room for long trades in lower TF’s

X5

Although the bearish ABCD (blue) on H4 chart is still valid, the bearish Gartley projection on this chart, may add some pressure to this pair. Don´t forget about the divergences (Sto 13,3,5) on D1 and H4 charts warning about a possible uptrend beginning. The ABCD pattern on chart H4 can be break and project a 5-0 pattern (more bullish in short term) . See...

X5

Price still in range, trying to break support at 1.0806, a bullish B-fly projection emerge and could retest support at 1.0718 Note: Bearish bat projection (green) on D1 chart (see link for more info)

X5

After ECB announcement, consolidation may continue for a while, catch a bullish B-fly pattern on this chart that overlap with other bullish B-Fly pattern on H4 chart (blue).

X5

The One2One pattern is still valid, but the bearish Gartley pattern projection detected on H4 chart, can give another point of view, warning to re-enter short in the One2One zone. Alternative can be on the emerging bullish ABCD Divergences and reversal bar pattern can help to decide which trade to take. In general, the pair remains downtrend.

X5

Another pattern emerges on H4 chart, but the bearish ABCD still around (see link below). I will use this pattern on H1 chart to determinate a trade setup.