Control Candle is a bullish candle, until that bullish control candle is broken and support, I'm buying. The GBP index is saying bullish trend as of now.
Buy on the break and retest of the bullish flag formation
I am not one to study the news and we all know that Brexit is a mess. I don't study the Brexit play-by-play because by the time news drops it is usually too late in my opinion. Every trader sees the market different. That is just my outlook. I am a very technical based analyzer. In my opinion Brexit can create more strength or more weakness and uncertainty like...
bxy in edgeh . ! may be strong up . may be break out and down . be aware
BXY Sell Idea @ Monthly Supply Zone (144.5 - 151.4) Sell Limit: 144.2 Stop Loss: 151.7 Take Profit: 136.6
Looking at the historical charts of British pound (since 1953) I noticed that it formed quite a fine complex head and shoulders with double top and multiple shoulders. This pattern is described in detail by Thomas Bulkowski in the Encyclopedia of Chart Patterns. The performance of this pattern in bear market is 8 out of 21. The breakout from neckline occurred in...
BXY making header & shoulder, so I think it going to short.
British Pound has been in a free fall since 2008. A year a ago (January 2017) it started doing a retrace and pulled back to the fib level. It didnt manage to establish itself above the fib level forming a double top. Now it started falling again. Expect a significant drop (the size of double top formation - from neck to top) when it breaks through a yearly...
I have made analysis on GBPUSD before... and DXY analysis too...and it looks like BXY is going up DXY going down , so GBPUSD going up. Please refer to below link i have provided for more information...
BXY - GBP extremely Bullish - High risk reward trade
eurgbp look like a perfrct short acsending triangle consolidation breakout retest 61% FIB structure breakouttt
gbpusd going to 36 point breakout downtrend create new high point
perfect entry for gbpjpy breakout consolidation create new HIGH trendline take profit around 153.000 or 153.500 (100pips & ++)
this is why i sell gbpusd and gbpjpy gbp will go down for next 24hours