javivi

javivi

Isn't it beatiful how the GBP is forming perfect triangles with almost every pair? Check this other ideas to understand what I said: Even tough we saw a huge rally yesterday after the polls were closed. I think there are several reasons to sell: -Huge resistance level perfectly touched and rejected -Formation of perfect triangle -Very Overbought -Hard brexit...

javivi

Very similar setup to my idea publish on GBPCAD: Even tough we saw a huge rally yesterday after the polls were closed. I think there are several reasons to sell: -Huge resistance level touched and rejected -Formation of perfect triangle -Hard brexit won't be easy to negotiate with EU neither good for UK economy Possible supply zones in blue.

javivi

I believe the pound is overbought and a hard brexit won't make it stronger.

javivi Updated 

doube top + divergence in RSI, it could test the bottom of the ascending channel.

javivi

It looks to me like EU is retesting a previously broken bullish trendline and could go down from here. In addition if we look at the daily chart today we have a ton of bullish ideas, that, for me, is enough reason to go short LOL. "Do the opposite to what the flock is doing, remember that only 10% of the traders are successful"

javivi

We had a big sell off due to fears for the brexit. Now we are in the bottom of the daily channel so a buy with tight SL could work out. Trade with care.

javivi

Reasons to go long: -Bottom of the channel in the daily TF -Divergence in 60 and 240 TF -Very oversold

javivi

Trade with care

javivi

I have posted a long trade of trend continuation but it looks like the trend is about to break, so it is time to reverse the trade when confirmed. Trade with care.

javivi

Not much to say. Small SL, high R/R. "Trend is your friend" (Until it isn't)

javivi

As long as the upper channel resist this pair is in a descending channel and we could expect a downward move. If the channel is broken this traded will be invalidated. It can be set with tight SL and a good R/R ratio.

javivi

The downtrend has been broken we could head north for a while. Good risk/reward ratio

javivi

As long as the low line of the channel holds, we could expect a bounce to the top. Then breakout on the top is expected as well since the daily downtrend has been broken and retested. This could be a successfull setup: SL: 1.425 TP1: 1.44 TP2: 1.45 Good luck everyone.

javivi

-We are at the bottom of a rising channel in the daily TF. -Price rejected at this are, demand zone? -Bullish divergence -Possible bullish butterfly pattern

javivi

POSSIBLE BULLISH BUTTERFLY COMPLETED