Breakout for GBP/USD is possible in the next few hours. Let me know how you guys think about my analysis:) Goodluck Trading!
silver is bullish. smart money long position change increase 1% from 43% to 44%, while short position change/decreased 1% from 57% to 56%. Open Interest indicate bullish/reversal setup as well.
These zones are calculated using Fibonacci Ratios of past price moves. The chart is stretched Vertically - Drag the Right side axis to change magnification. There are zones above and below the current window, Drag the Chart up/down to see other zones. Drag bottom axis to the left to magnify the candle size to view close up. Obviously there are more zones...
Morning outlook - GBP/USD gains 0.8% Shortly after a release of information on the UK Services PMI the Pound got a strong upside momentum and in the upcoming seven hours advanced by 0.8% against the Greenback. Most probably, the surge was based not only on this fundamental event but also on a combined effect from the 200-hour SMA and the lower support line...
GBPUSD breaks!!!! Our zone got wrecked to the downside. We have shorted this pair! See the chart for more info.
This is an update to our very successful previous chart : See the chart for more details!
GBPUSD is sitting at its daily resistance without much movement the past few days. Of course there is a lot of resistance at that 1.30 spot (just like EURUSD had one at 1.10) If it goes through, it may explode for 100 pips upwards. This can be all EURUSD that we saw just yesterday. RSI is a buy and MACD saying this also. Let's see how it goes. (Don't forget that...
Hey guys, Here's the other analysis I have been studying. GBPUSD We have broken the daily ABCDE triangle, you can look at my past analysis linked to this idea. Now we have a new downtrend impulse so we want to look for a sell. We may have an expanded flat already over at the 0.382 Fibo and then we can trade the next flag or we could still have a zigzag...