Poundsterling
GBP NZD SELL (POUND STERLING - NEW ZEALAND DOLLAR)Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
GBPUSD Last bullish waveGBpusd is currently heading for wave 5 which will give us a room to short the pair after its completion. No one can say precisely yet where wave 5 will terminate but we expect a vivid count of a complete impulse that makes up wave 5 and a confirmation candle before we decide on this trade.
So I will wait till wave 5 completes.
GBPUSD - Higher highs and higher lowsThere is a clear sign that GBPUSD will test 1.3149 once again. the price has penetrated the resistance at 1.31200 once again and is clearly will break it if bulls support the breakout.
GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN
The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag.
Even though the pattern is bullish, it can break out either way, thus:
TRADING PLAN:
1-wait for the breakout, either way
2-make sure it is confirmed
3-Enter the position on the pullback, according to the direction of the breakout.
4-The ultimate targets are the support and the resistance.
Thank you for reading, like and subscribe and have a nice day!
GBPCAD: Structure Based Trading Plan
GBPCAD is trading in a local bearish trend.
on friday 4H structure resistance was reached and from that, we expect a bearish continuation.
the price formed a double top with a lower high formation on 1h, confirming the strength of 4h structure and
now we are looking for a bearish violation (1h close below) of its minor support 1.735.
as soon as the above mentioned condition is met we can initiate a sell order.
depending on the desired r/r you can sell aggressively or on retest.
our goals:
1.7312
1.7265
if the market closes above the current 1H structure high, setup will be invalid.
good luck
#GBPUSD Short Sentiments| #Bearish | 17-21AugIn upcoming week we will be focus on this pair for Short Opportunities !
gbpusd sell update I am expecting GBPusd to still once it breaks the confirmation region based on the Elliot wave analysis as shown on the chart
GBP NZD SELL (POUND STERLING - NEW ZEALAND DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
GBP JPY SELL (POUND STERLING - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
EURGBP: Trend Following Trading Plan
hey guys,
though during the last few weeks EURGBP remains quite weak,
we should remember that technically the trend is still bullish and the market keeps growing within the expanding wedge pattern.
during the current trading week, we saw a false violation of the support of the wedge.
trading for a couple of days below that, bulls have managed to return back the price with a high momentum bullish candle.
from the current perspective, it looks like a bullish continuation is highly probable.
to catch it look at 0.905 4h structure resistance cluster.
let bulls break it and buy bullish breakout.
our next goals will be:
0.908
0.911
in case of a new bearish breakout of the wedge, setup will be invalid.
GBPJPY - Decision time!Since this pair has reached an important level there's a chance of a bounce back down as seen before but unlike before we see price tapping on 139.500.
If this pair decides to be bullish, I expect a big run to 141 and any bearish move we could revisit 136.
GBP-JPY STRUCTURE LONG|TRADING PLAN
Just as any Yen pair, GBPJPY has too many levels to account for, yet I've been able to dig through them for you and here is the analysis.
The charts above are there to show you the big picture.
So the pair has broken two important diagonal resistance lines on the daily, and is now storming the horizontal resistance line, which tend to be more precise.
There is a strong bullish sentiment in the pair, thus our target trade is a long.
TRADING PLAN:
1-Wait for the breakout
2-Make sure its confirmed(1H candle close above the level)
3)Wait for the retracement
4)Go Long
5)SL below the level, target1- midway to the target on the chart. Target2-on the chart. New horizontal level.
IF there is no breakout, then wait till the price gets back to retest the resistance. Too many support levels below to short the failed breakout.
Thank you for reading, like and subscribe and have a nice day.
gbpusd possible next move I am expecting a breakout of the parallel channel which serves as a zigzag correction. Then I will sell for wave C leg
