Gbpusdtrading
GBPUSD forming Double TOP?G'day Guys
Here, Based on my previous posting. I still confident GU forming Double Top before heading south. Base on weekly, GU is reaching on Major Supply Zone.
High possibilities GU is forming on double top which sync with human behavior and current economic conditions.
Today idea is looking for Long opportunities around 300 pips before looking for Short.
Let's see what happen next and Let's Dance with the markets.
GBPUSD Break out pointsPattern: 1D Channel Up.
Signals and Targets: Bullish if the 4H Lower High trend line Resistance breaks (red line) with TP 1.3500. Bearish if 1.2955 breaks with TP 1.2775.
GBPUSD Sell SignalPattern: Inverse Head and Shoulders on 1D.
Signal: Bearish near the 1.3300 1D Resistance and the RSI turning 70.000.
Target: 1.2830.
EUR/CHF Bearish Setup#EURCHF, EURCHF, professionals increased long position 6% inCHF while reduce short positions 4%, EUR increased short positions 3k. high probable trade opportunity for selling
GBPUSD NEAR THE TREND-LINE SUPPORT AGAIN!!!MARKET ANALYSIS: The pair is now trading near the trend line support. Also it has broken the next resistance zone . If the support holds on we can see a huge rally to the next possible demand zone . So lets wait and see what the market does in the coming weeks. Cheers!
