GBPUSD: Complete correction - another drop could startPound broke below trendline.
It completed large corrective structure.
Could tag the former low below 1.20.
Entry order sell 1.2438
Target 1.2000
Stop 1.2513
British
EURGBP break the supportAt 16.Aug EURGBP price arrived to a support level. The first try to breakout isn't sucessfull and the price bounce from this level, but 22.Aug the price try again, and it was a successful. We can see the breakout and today 27.Aug the backtest. Today the price is at best place to open short positions, with 0.892 Target(the next support)
EURGBP possible head and shoulder-Price didn't break a strong resistance
-EURGBP price start going downward
-RSI fallen under 30%
-We need to see a correction (if it happens we see a Head and Shoulders)
-If we see the "SHS" chart pattern the price will continues falling down to the next support zone at 0.892
GBPJPY | Reversal Pattern formingForming a reversal pattern. Waiting for a small correction to around 129.361 then buying to 55EMA, take partial profit, move stop loss and then going to this weeks M1 Pivot.
GBPUSD | Short after correctionWait for correction to the weekly central Pivot/M3 of next week, then Sell between the 55/100 EMA and below the weekly M3 of next week .
Conservative target is M1 of future weekly Pivot which is also S1 of this months pivot (PLAN A).
If Pullback is stronger then sell at monthly pivot point/trendline/top of regression channel (PLAN B).
Still long on GPPJPY August 2019We hit support line on the macro time scale, falling wedge idea failed, however strong rejection from 131.8 so we should see a bullish reversal
Long Vision on GBP/USD - Top and Bottom Analysis4H CHART EXPLANATION:
On the last retest of the Resistance Zone price tried to break it but it couldn't and retraced. We consider that the long vision is still valid, so, if the resistance zone is broken we will consider taking long positions. However it is necessary to wait for a clear confirmation (candlesticks, pullbacks, etc.)
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
$GBPUSD - British Pound Gets a PoundingAs patience grows thin on PM Theresa May's tenure and Brexit deal, global traders have put a beating on the British Pound, sending the $GBPUSD to fresh new lows for the year.
To add more fuel to the fire, on a technical level, prices remain firmly below the 10-Day EMA without any sign of a reversal.
With a political crisis looming, we see more downside for the $GBPUSD, with the currency pair trading as low as $GBPUSD 1.25 in a few weeks time
1.85 Is considered support 1>85 is an important number and support level. Feel free to copy my trade, if I made you money, follow me !
GBPNZD 50% of Large Demand candleConfirmations for trade:
The market will always give back 50% of a large candle.
Looking to take the market to extension levels
Wick rejections at fib levels for entry confirmation
GBP/AUD SHORT SETUPIf GBPAUD remains above 1.875 on the Daily then ignore the previous markups as they will be invalid. If it breaks 1.875 then more than likely it will be heading to 1.9000. Then I'll be eyeing up a short setup.
GBP/JPY LongLooking for a pullback to the support zone touching our trend-line for further conformation on candle formation and then long entries to the next target which is (150.785)
GBPJPY sell on H4GBPJPY price is at a resistance level and I think the price won't break it, so its a nice entry for short positions
chart repetition copy cat 2if gu rises above 13070 on Monday , then my tp 132173, sl 13000,very mad and risky and not logical ,Brexit date looming,
Can We depend on something like this arc ? I Just wondering can We depend on closing the price above the arc to buy ?
My opinion is yes if we consider is a confrimation tool , Means I want another tool with him to confirm this trade.
