Currently, GBPUSD is in a descending channel and possibly on its way to touch the top of the channel for the 3rd time in the next 2-3 days.
Bullish Idea:
- It is possible at the time when it touches the top part of the channel to go through the channel at the top.
- If it does go through the channel, it should touch the key level just above the channel break and...
It seems like the US30 is looking towards a bearish movement, here is my findings:
- Currently between May and June 2021 and now, there is an Ascending channel in which the pattern has not been broken yet.
- Currently for the month of Dec 2021 US30 has been bullish.
The reversal pattern idea:
- Currently, there is an ABCDE pattern forming an M formation where...
It seems after yesterday's breakthrough through a bullish trendline on the 1H timeframe(which I made a nice profit from) it's only now making a new higher low on the 1H bouncing off a key level in the middle there.
Forming a nice small triangle, I like trading triangles fast, this does seem like a nice small bullish triangle so the breakout will be very fast.
I...
After making bullish movements creating an ascending channel from roughly 10 Dec up until now, the price touched a very important key level roughly 12h ago stretching from 20-21 July 2021 which was a previous Support level turning now to Resistance.
There is a big possibility the price might go through a breakout on the ascending channel Downwards very soon now....
From 3-8 Dec there was an ascending channel, which has been broken a few hours ago. The breakout caused a huge drop and is continuing to fall. On the chart there are a few key levels there, not sure how far it will fall.
It might go up and down within those key levels highlighted, but we just have to wait and see how far it will go :)
Brace yourself for quick...
Currently, the GBPUSD is almost reaching the end of the ascending channel it's currently in, thus there are 2 nice options here for a scalp today for at least 30-40 pips profit.
No 1) If the price goes through the Green trendline, it's bound to go Bullish to the top of the channel or might possibly break through it.
No 2) If the price goes below the Red trendline...
Currently, on the 1D the EURUSD is in a Triangle pattern with the price going up and down through the middle at this stage, but on the 1H timeframe, there is a very nice breakout and retest on a key level in the middle where the price is currently. This means it's a nice possible LONG position. I'm just currently waiting for the price to completely bounce off the...
Currently, the GBPUSD is still on the rise to the top of the Daily descending channel it's in. However, there is a small ascending Channel on the 1h chart as well making a nice opportunity for a buy on the 1h chart. SL and TP levels are shown on the chart. Before you take your entry please just wait for the candlestick reversal and keep an eye on the RSI as well...
