I see quite a bit of confluence here ,good set up .Market should drop ,all the best
Couple weeks back i spoke about this pair and how it was setting up for something interesting ,seems like it got a whole lot better as we retest the huge reversal pattern
GBPUSD hits a interesting point ,Could the market correct or continue as it tests this key level ...Given the recent dollar flexing I see the possibility of it continuing lower ,however either way this is still a good pair to watch
Key level of 0.91700 (Resistance) held and is signalling bears have intentions on taking their stance as current price has shown significant loss of momentum for further upside continuation ,daily closures and as well as the break of the intra-day equidistant channel confirm the bearish stance. Too put it simple I use "Incidia's Trigger" move Your Mark =Supply...
A tale only a few will understand ,could GBPAUD be setting up for something interesting ??? This Update confirms a lot ,however recent interest rate decision just made things harder for the fall to continue .With that being said I still favor the Bears on this one ...keeping it short and sweet All the best for the week ahead !!!
Having recently predicted the bullish move that has taken place this beautiful market which can be full of surprise's is now hinting a continuation of the previous drop .The target for the bullish leg of 1.7900 seems to be acting as resistance and with such a distinguished bearish pin bar on the ever reliant daily time frame one has to consider the confluence...
DAILY CLOSES BELOW 147.000 !! Pretty much straight forward here ,Bears are taking their stance and looking to dominate with such good closures and textbook set ups ,we should see the target of 144.00 being satisfied "Incidia's Trigger move" MARK =Supply Zone (Resistance) SET =Closure below key level GO =144.00 Enjoy!
After a steep decline caused by the bears ,GBPAUD seems as though there's Bulls looking to take a stance on this volatile cross currency pair . For confirmation sake ,Daily closures are favoring the bulls as the trendline starting from 26 April High had been broken ,as well as the key zone of 1.76000 having a Bullish Range Engulfing candlestick (12 June ), Today's...