Descending triangle in bearish trend. T1 - 1.291 T2 - 1.288
A very clear and active trade on GBPUSD as per technical and fundamental analysis. Open Buy Order at: 1.3014 TP1: 1.3188 TP 2: 1.3247 SL: 1.2957 Do open your long trade with a proper money management and book some good profit on intraday trading
GU is at upward trendline and sitting on 61.8 FIB. Low risk buy in my opinion, small loss if trendline is broken, but nice profits if it bounces off. Look at chart. Big Brexit news week ahead so take that into account, I'm only looking from a technical view. Also no price action confirmation as of yet. Would be nice to see a gap up on opening. What you think?
strong resistant line was broken and retested, looking to go lon
GBP/AUD weakens after UK PMI services misses forecasts. Markit's Services PMI dropped to 50.1 points in January, reflecting meager growth. Recent data from the UK haven’t been impressive and Brexit progress is minimal. On the other side, Aussie buoyed after RBA stood pat and sounded optimistic about the jobs market. GBP/AUD recovery rejected with a 'Gravestone...
he Tidal Shift Strategy has just sold GBPUSD at 1.30447. The system recommends entering this trade at any price between 1.30227 and 1.30667. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.00116, which suggests that the GBPUSD could be trending downwards.The 14-period...
Possible buy on the EURGBP - W formation and hitting support. Entry at 0.87700
The Tidal Shift Strategy has just bought GBPUSD at 1.29371. The system recommends entering this trade at any price between 1.29128 and 1.29614. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.04339, which suggests that the GBPUSD could be trending upwards.The 14-period...
The pair is trading within a 1D Channel Down whose primary indicators show that it has hit a Resistance level (RSI = 47.109, MACD = -0.003, Highs/Lows = 0.0000, BBP = -0.0006). The Channel should aim next at a symmetrical -1.78% Low. We are short, TP = 1.22560. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas....
HSBC bounced off its support at 36.98 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 46.16 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) has bounced off its support at 2.4% where a corresponding rise could occur.
GPB/CAD is following a similar pattern to its October movement. If the pattern continues, expect bearish movement
GBPUSD is at a previous resistance and is also being met with the Daily 100MAV. The pound risks a reversal at these prices but stops MUST BE KEPT TIGHT because if the upper resistance is broken, stops will be cleared and Cable will rally beyond 1.32xx
USDJPY reversed off its resistance at 111.64 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, descending resistance line) where it could drop further to its support at 110.91(61.8% Fibonacci retracement). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
WELCOME TO MY LEARNING F* PAGE! Hi there, EURGBP is entering ideal sell zone. Strong resistance and reversal price action is most probably! GOOD LUCK and take entry according to your balance. Please support our setups with your likes, comments and by following me on TradingView, thanks!