H4
EURGBP - Potential bounce expected around 0.8860Technically I anticipate a reaction of EURGBP as soon as the price reach the trendline that you can see on the chart. This trendline should act as a support and lead the price on 0.8900.
My trade idea is:
Entry: 0.8863
SL: 0.8849
TP: 0.8900
Happy trading!
NU SHORT H4price has formed medium term bullish channel, an expected retest of the trendline below of the channel is an opening to short for short term
to medium term.
On weekly price is at a vulnerable price level on an inner ascending trendline, a convincing break and retest of this trendline will see price plummet to the initial ascending trendline on weekly.
The current short is a 60-70% probable trade based on a short to medium term channel .
GBPUSD Long in ActionOANDA:GBPUSD
Understanding Japanese Candlesticks give us insight to market psychology in a given time session.
We see the buyers stepped in from our support line we can conclude that a bullish move to 1.32300 as a TP1 and possibly to TP2 @ 1.32630 for an additional 33 pips.
Expect a test of Dynamic Resistance at the 200 EMA.