Gpbusd
GU Short SetupWe see a nice Stochastic Divergence plus a 61.8 Fibonacci retracement on the GBP/USD Daily chart to go short, Exit is open, Stop Loss should be above a Parabolic SAR dot at the H4 Chart (easy but effective).
GBP/USD HITS WEEKLY HIGHS NEAR 1.3270
Pound was among the top performers of the day as UK Parliament holds a series of indicative votes. Today UK Prime Minister Theresa May offered to quit as PM if her Brexit deal passes. The pair holds a bullish tone that could be confirmed if it manages to consolidate on top of 1.350 #brexit #gbpusd
DXY DropI think that dollar will continue falling or it will make make a little retracement to 97.20 and then go around 96.60 and then consolidate a little bit, that can be First Tp and then it will go around 95.80 or a little bit lower.
For me is a stong sell, for the cofluence with OB, Liquite has been taken out from Highs, we are Net Short and if you look DXY, EU and GU there is a divergence in the Daily chart, while dollar made higher highs, EU made Lower Lows and GU couldnt make lower lows.
LIKE & FOLLOW
USDCAD On bearish road We are expection on usdcad for fall down from previous 3 month now this time usdcad is going on brearish slowly slowly ;)
Come to the piont
How we shall take the positon on SELL
always watch on new High for sell evidence
when price action come sell on it
GBPUSD SHORTStrong down trend. Nothing bullish to see here. Break of trend would be bullish, but I don't see that happening anytime soon.
GBPUSD Shorl - Long TermBrexit will trigger a depreciation in pound as British loose free access to one of the biggest markets on the world. We could reach parity before the end of the decade.
$GPBUSD long term forecastUnfortunately the chart is limited to 1994. We found the data from 1972 and the correction that lasts until now began already then with a peak of 2.63
The correction consists of either 3 or 5 waves (triangle)
In this case, the nature of the correction is not yet determined, but waves A (finished in 1985 on the value 1.05) and B (finished in 2007 on the value 2.11) are clearly formed
Now we are drawing a wave of C
Wave C can be both a zigzag and an impulse that has not yet been clarified, but in any case the level with a value of 1.02 must be reached, which is confirmed by Fibonacci levels in two dimensions
Subscribe to our channel, put likes, leave comments to follow our analytics
Yours Yan Capital Team
gbpusd 13 Nov 2018after the last wave e, it had been a while since the update
wave i could have been done and ii in progress, once it is completed we may see wave iii coming
I am not in favor of another move up as long it is within the triangle, hopefully this proceed as expected and the bear reap a nice reward
GBP Analysis - Part 1Trying to make sense of this rollercoaster that is the british pound. The vertical fibonacci is indicating some clear trendlines, and the sine lines are to represent the psycological macro energy influencing the price. The horizontal fibonacci is used to measure periods of bullishness, volitility, and consolidation.
In part 2 I will extend the horizontal fibonacci so that we can make preditions about the upcoming market behavoir.
Disclaimers, not intended to be financial advice,
not an expert, mainly trade and chart cryptocurrencies.
Biffy
GBPUSD approaching resistance, potential drop! GBPUSD is approaching our first resistance at 1.3074 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.2904 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
GBPUSD OutlookFX:GBPUSD On the GBP/USD pair, the price fluctuates in the bearish channel. This channel is part of a larger formation with longer intervals H4, D. This is a flag formation. Currently, the price is within the scope of support. On H4 created a pin bar ,that can change price level and a reflection from support.
Triangle pattern in GBP/USDToday we have important news from British. So triangle pattern can be broken.
We have 4 scenario for this pattern.
1. Use Buy stop at 1.32350 if price going up (high risk)
2. Use Sell stop at 1.29400 if price going down (high risk)
3. If price going up, we wait for pullback then take long position (better strategy)
4. If price going down, we wait for pullback then take short position (better strategy)
I prefer to buy or sell at pullback
gbpusd - buy signals and reasonsthe markets been shook by political news, the instatutional traders would have been taking longs into the retail traders reactions to the UK's May's media output last night
Prediction for the GPB/USD for 12 hours.Pennant after bearish show sign of continuation ,let's predict the market nature for 12 hours based on support and resistance level,rsi,dmi,ichimoku and chart pattern.
