Continued rejections from this region. Aussie has also begun to make higher lows and higher highs which is indicative of a nice bottoming formation. All in all, this pair should head down once this cluster of consolidation breaks on the larger timeframe.
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.
after false break of support @1.33022 the price stable above the support level that it was resistance level before and make higher high and higher low and higher high so i will buy this pair buy Gbp/usd stop lose @1.33022 take profit @1.37157
Sell below 1.3914. Stop Loss at 1.3998. Take Profit at 1.3742. Reason for the trading strategy: Price broke out of our support-turned-resistance at 1.3914 (horizontal overlap resistance, breakout level). We expect a strong reaction to occur below this level, pushing price down to our major support at 1.3742 (horizontal swing low support, 23.6% Fibonacci...
Buy above 1.3930. Stop loss at 1.3848. Take profit at 1.4176. Reason for the trading strategy (technically): GBPUSD bounced nicely off its support at 1.3930 (100% Fibonacci extension) where we expect it to rise further if it breaks out of its immediate resistance at 1.3992 (horizontal overlap resistance, descending channel). Once this level is broke, a bullish...
Entry price: Max: 1.78282 Min: 1.77901 #TP1: 1.77440 #TP2: 1.76900 #TP3: 1.76050 Stoploss: 1.78550 I'm taking profits at TP1 . The other TP's are based on calculations, but I feel more comfortable taking profits at TP1.
It's a good point to go long GbpUsd at 1.40330. SL. 1.39440 TP. 1.42550
Some time has passed since we reviewed the situation on the GBP/JPY pair. The reason for the review is the recent demand for it. First of all the descending triangle pattern was broken. The reason now is clear, as there exists a dominant channel down pattern. The lower trend line of the channel provided the support needed for the Pound the rebound against the...
Short in D1 level EURGBP as massive overrated EUR takes place, double top D1. Crash preparation. Target 0.83421
At first, the butterfly will complete form and go down to the support line and more down as we can see.
GBPUSD is within an important sell-zone (fibs) + long-term downtrend + MACD looking to make lower lows + near resistance. TRIGGER: If the uptrend line breaks, go short targeting next support level. Trade becomes invalid on break of resistance. ============================== ELEMONT FX Experienced Proprietary Traders ============================== FACEBOOK: goo.gl
Broken descending trendline on 15m chart. 4H ascending trendline bias. TP1 at first extension.
With the current fundamental situation. USD look to strengthen. Monday will be a off day for Britain. Kindly refer to the below on the take profits area : a) TP1 1.288 b) TP2 1.264 Trade at your own risk.
Hi guys, the GBP is over extended and in need of a consolidation. If you are long the GBP, consider covering short term. The USD is also pushing from lows, so expect a little USD strength.