GBPUSD weekly made pullback from the resistance From the daily as you can see the pullback supported by Head N Shoulder Pattern My idea Sell Area based on the fibonacci 0.5 -0.618 (golden ratio) TP area based on the Head n shoulder pattern Gud luck.
Its been sideways for 2-3 week as you can see from the weekly chart In the daily chart formed either double top and double bottom For entry buy around 1.1930 based on sideway pattern TP is around on the top.updated later Gud luck
Price now standing in my buy area,but still no confirmation yet for buying ooportunity As you can see prices has been sideway since last week. So I temporary no trade for this week Cheers
As my previous weekly analysis,it seems "hangin man" candle made correction Becoz im in LONG bias based on weekly trend. My plan will be wait n see for next week to see another candle in the weekly in the BUY area
Theres Descending triangle Pattern I dont sell for now,ill wait for potential buy area in the range of descending pattern Coz that Area is a potential buy area based in the weekly chart So I wait for now.gud luck
Based on 3 formation candle for potential bullish entry Weekly trend bullish Daily trend bullish Buy Area and TP area are on the chart SL on the low candle (later will update)
I saw a double bottom pattern in the daily My plan Sell Limit 1.2336 Tp 1.2270 theres bearish candle sign in the weekly so temporary looking for SELL likely have bigger opportunity right now Gud luck
Theres Triangle Pattern,so i will wait when the candle daily close below the triangle. When it does then will watch carefully for entry SELL near the triangle pattern. Why I am expecting to SELL ? Becoz based on the weekly chart theres "hangin man "candle Historically "hangin man "candle will make a bearish movement about 1-2 weeks But the bigger picture still...
Im using juz simple analisis.Based on daily and weekly time frame,the trend is bullish So i only search buy opportunity coz i believe the probability is bigger than sell opprtunity I like that formation candle BUY 1.23550 -1.23696 Stoploss 1.23241-1.23291 Take Profit : 1.23996
Theres "hanging man" candle so probably there will be correction in the up coming days Still I ll be waiting confirmation for entry Buy below the neckline area for long period
As you can see broke the bullish trendline, I will watch yellow area to see if theres a SELL formation candle or pattern that I can enter. But in the long term GBPUSD is BULLISH.So i set sell only for short term trade ONLY If you have still open BUY,you can consider in the yellow area to take profit So gud luck
Already Formed Inverted Head and Shoulder.juz break the neckline (Purple Line) Still BULLISH with HUGE UPSIDE in the upcoming months My PLAN I am waiting the price to get down below the neckline then I will consider my BUY entry So right now,I dont do nothing.No trade is also part of the plan of trading. IF have some positions,then i will consider to TP some in...
Ill buy around @1.2295 My SL is if the candle CLOSE below the trendline based on the DAILY chart Why I Buy GBPUSD ? ,You can see my weekly analysis in my previous idea Gud luck
Update weekly GBPUSD Strength 1) As you can see from the price action candle indicate there wil be further going north.Long bias 2) A Potential Inverted head and shoulder pattern soon will be formed, Based from the price action 3) My TP1 will be on the YELLOW for short term profit. Long term TP2 will be on the GREEN Weakness 1) I added for fibonacci...
Theres Ascending Triangle Pattern at time frame H1 and H4 Buy GBPUSD @1.2210-1.2236 TP : Yellow Line SL later ill update Reason : 1) As you can read my previous idea,I think probability BUY is HIGHER than SELL 2) Weekly and Daily still in the uptrend
My view on GBPUSD is Bullish bias.You can see my idea analysis why my view is Bullish Thats why i always fokus to find for buy setups. On the chart as you can see theres a bearish flag pattern So ill BUY GBPUSD @1.2142-1.2152 My exit still for long term still far away,estimate about 200 pips from the entry
Using 4 stages market method.my view is still BULLISH on GBPUSD So i fokus ONLY find ideal BUY entry As you can see There is potentially Inverted Head And Shoulder pattern on the weekly the last price action is inverted hammer candle.so there will be potential going UP TP is the green line from the pattern As for the Yellow Line that will be my TP based on the...
I'm using 4 stages market for my main analyse to see the bigger picture trend Then Im using pattern ,price action etc as a support for entry. As you see previously there was huge downtrend on GBPUSD,I named level 4 as downtrend After that there was sideway till it made inverted head and shoulder pattern. I named level 1 as sideway Beginning of the uptrend was...