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GBPUSD at pivot level and support.GBPUSD has reached a mid-pivot level that is also at range support. The bottom resistance level is actually at S1 however there is no denying the mashup of support levels for us to keep a closer eye at this level. Slower stoch is showing a rise in price and faster stoch is still showing price can go lower to the S1 level before reversing. I am on the buy side on this pair as the range is still intact. I will be waiting till after the weekend before entering if price is still holding. Id expect S1 to still be in play so stops should be below. If that is the case, be careful of the algos as they know that is where stops are. Give yourself room to avoid the volatility spike they can cause. .
Long
by RKchartest
USDCAD Reaching next swing levelI believe the USDCAD is reaching the next swing level. With pivot points lining up and an approaching AB=CD formation coming to an end on an harmonic level, the pair needs to watched closer for a swing entry. Stochastic are starting to top the 21 and faster speeds. These are all starting to signal a good entry location. The arrow is just the location where allot of signals are lining up and may not be the exact location the pair turns. The 1.2655 is a strong level and will offer strong support for bulls and the pair to head higher. With that in mind, profit targets for my self will be quicker in this environment.
by RKchartest