Price tested 200 ema on yesterdays session and couldn't go through Still have divergence on the bottom so no short entries at the moment Wait to see what happens once it gets to the TL If we break the 200 EMA it will be a good bullish signal
Daily Chart Explanation: We observe that price is facing the Support Zone. It is on a strong bearish trend, however, reaction is expected at this level. Keep in mind that this is not a trend change, just a retracement of the main trend. Weekly Chart:
Pattern: Rectangle on 1D. Signal: Bearish as the same consolidation (February - April 2019) resulted in a strong Channel Down. Target: 1.2600 (short term) and 1.2250 (medium term).
The Tidal Shift Strategy has just bought GBPUSD at 1.288. The system recommends entering this trade at any price between 1.2865 and 1.2895. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.10518, which suggests that the GBPUSD could be trending upwards.The 14-period Average...
The Tidal Shift Strategy has just bought GBPUSD at 1.22868. The system recommends entering this trade at any price between 1.22692 and 1.23044. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.96118, which suggests that the GBPUSD could be trending upwards.The 14-period...
The Tidal Shift Strategy has just bought GBPUSD at 1.21711. The system recommends entering this trade at any price between 1.21502 and 1.2192. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.56227, which suggests that the GBPUSD could be trending upwards.The 14-period Average...
EURGBP potential cypher pattern . We have to put the sell limit order and wait when the marker reach the demand zone . SELL LIMIT - 0.92073 FIRST TAKE PROFIT - O.91677 SECOND TAKE PROFIT - 0.91388 STOP LOSS - 0.92525
Now you can short for the important level but after it you should buy
After dropping for a few days the price reached a monthly level with a weak. There has been no valid pull back for such a down trend movement. A possible pull back for this pair can go up as high a 61.8% on the Fibonacci level on the daily structure.