The most recent high at 1.1339 has been broken with big candle. Keeping in mind the previous 20 bars, we can say that we have
impulsive move intact. Now I`ll wait for pull back to the broken resistance, and expect to become a support.
Entry level 1.1339
Stop Loss 1.3301 - the previous swing high
Take Profit 1.3424
R:R 2.5:1
Big players are taking bullish bias recently, shown with the impusive leg to the upside, now corrective move is formed.
The last recent swing high is in conjunction with EMA50, which provides good entry level at around 106.193
Stop loss below the last recent low 105.828 and target at the major resistance 107.528
R:R 3.5:1
After bounce from EMA50 the last recent high around 0.9826 has been broken by impulsive move.
I will place a buy limit order few pips above, at 0.9832. Stop loss will be below last recent low and
target below the major mult-frame resistance
R:R 4:1
The price formed triangle with horizontal bottom line at 1.1279, however the fact that it continues to post lower highs and the prise is still under EMA50, I believe there will be a violation of 1.1279, then trade setup on the pull back
Entry - 1.1279
SL - 1.1300
TP - 1.1192
R:R = 4.28:1
One of my favorite patterns are about to compleate on GBPUSD and this would provide good sell opportunity.
After an uptrend, the price post impulsive counter move which violate the EMA50. In order to be complete,
the price need to break the last support level around 1.2200 with at least 2 candles. If this happenes I`ll put a
sell order on the same level. The...
after impulsive move to the upside, intermidiate ressistance has been violated. The price formed corrective move and test the same ressistance now becomming support. In conjunction
with EMA50 and the recent EIA bullish report, I expect the price to hit the upper range boundry of 57.31
R:R 2:1
impulsive leg downwords, violated previous structure low followed by corrective move to confluenced area of previous support, 0.236 and 0382 Fibonacci retracement and EMA50
Entry - 107.83
SL - 107.91
TP - 107.13
R:R = 8.58:1
After strong impulsive leg to the downside, violating previous structure low an area of confluence appeared between 0.5 Fibonacci retracement, 50 EMA and previous structure low. Expecting the price to test 57,70 and then renew the downside move, reaching 100% Fibonacci projection and previous level of support.
Entry - 57.70
Stop loss - 58.16 (above...
H4 - price break below structure level of support
H1 - price break below recent up-trend line
M15 waiting for double top, RSI(10) divergence or RSI(10) overbought condition in conjunction with bearish candlestick formation
Sell entry around 1.1487
Stop loss above 1.1545
Take profit around 1.3333
Risk reward ratio 2.75
D1 - Price break previous lows which may oint to starting ptrend, at least short term. Next level which could be tested is 1.3130
H4 - Price violate significantly the last swing high, which shows trend continuation
H1 - Waiting retest of 1.2804
M15 - Waiting for double bottom, RSI(10) bullish divergence, or RSI(10) oversold condition in conjunction with bullish...
D1 - Price is on a daily structure level
H4 - Price closed below previous low
H1 - Waiting the price to test previous low now resistance
M15 - Waiting double bottom or bearish RSI(10) Divergence
Sell entry around 51.42
Stop loss above 51.37
Take profit 49.10 (0.382 FIB retracement from last swing high)
Risk-reward ration 2.43
Waiting for Buy signal around 49.10
