GBPHKD Possible bullish trend due to HKD weakening and GBP raising. (Fundamentally)Longby tradinggenius12344Updated 2
GBPHKD_ Targert Area Trendline ShortEven though GBP looks bullish, we still anticipating a fall, this might take a little longer to fall as seen the bulls were taking this as high as possible. Get ready to Short as soon as we find selling conformations on lower time frames LTF.Shortby bxolelo0
Wedge Falling (bullish)CURRENT CONFIDENCE = 60% TARGET (EXIT) PRICE = 0.104489 GBP BREAKOUT (ENTRY) PRICE = 0.103454 GBP DISTANCE TO TARGET PRICE = 0.60% (6.2 pips) CONFIRMED ON Jun 24, 08:16 AM (UTC) WITH CONFIDENCE LEVEl = 68% Tickeron AI shows that the Falling Wedge pattern forms when the price of a pair appears to be spiraling downward, and two down-sloping lines are created with the price hitting lower lows (1, 3, 5) and lower highs (2, 4). The two pattern lines intersect to form a narrow triangle. Unlike Descending Triangle patterns, however, both lines need to have a distinct downward slope, with the top line having a steeper decline. This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout).Longby AlTorress3
Rectangle Top (bullish)CURRENT CONFIDENCE = 68% TARGET (EXIT) PRICE = 9.723198 HKD BREAKOUT (ENTRY) PRICE = 9.685407 HKD DISTANCE TO TARGET PRICE = 0.21% (206.8 pips) Tickeron AI shows that thee Rectangle Top pattern forms when the price of a pair is stuck in a range bound motion. Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the pair bounces up and down between support and resistance levels. Depending on who gives up first buyers or sellers the price can breakout in either direction. This pattern is commonly associated with directionless markets. Usually, the pattern performs better when there is a strong uptrend leading into the formation.Longby AlTorress3
GBPHKDThere is a lot to watch here before jumping in, but possible moves are indicated above. Educationby bxolelo3
GBP/HKDWeekly lows were hit, now forming an uptrend. theres more room up than down.Educationby bxolelo1
BearHarmonic Pattern @ all GBPXXX pairs (excluding AUD and NZD)This pattern is on all GBP pairs with slight variations. This would be an awesome time to go short when most of the market is long. Shortby blueboyinsightUpdated 2
GBPHKD long swing trade setupGBPHKD long swing trade setup based on trend reversal break to upside. Buy on pullback to 38.2 - 61.8 fib zone with targets and sl as per chart..Longby tradingwithanthonyUpdated 14
MUCKY FILM TIME...Old strong resistance turned new support and TL been used as good support also, price is currently sat at both of these so we can only see price movement to the upside. A double setup where 2 things confirm it is a good trade to take cant be ignored, look at it like this.... You are looking for a film to watch ( not a mucky adult 1 ) ;p you come across a film but you cant decide weather you think it will be any good so you ask Tom and he says its good, but you still are not sure so you ask Jess... she also says its good so because 2 people backed it up ( support and trend line ) you decide to watch it... the film ends and.... you hated it and wasted 2 hours of your life you cant get back so you loose 2 friends haha, only joking. You watched the film and love it :) but it was only because of your 2 friends backing it up ( support line and trend line ) you saw it. So when you see a double setup that fits in you trade setups don't ignore it.Longby ApexFX_Pro1116
chart to watch on Monday open.long on 15M chart, if price opens on Monday above given line, by dadaarhamUpdated 1
short GBPHKP*I expect a little correction after this strong uptrend movement to test at least the previous higher high/*possible formation of bearish shark patternShortby slim73
GBPHKD60 Bullish CypherA bullish cypher forming on the GBPHKD hour chart; little over 1 Risk/Reward. Longby karansgargUpdated 2
its always about identifying the impulse and the correctionHello everyone, this is another simple setup based on impulse and correction. Targets are the fib levels as shown on the chartShortby AkashGaurUpdated 11
GBPHKD buy set upHi guys, Keep an eye on this one!! I am expecting strong upside if this structure breaks! Thank you for your supportLongby TomProTraderUpdated 10