After a wonderful resistance from the 50% fibonacci retracement Price changed character on LTF i expect GU to retest that zone and drop again
Possible bearish Quasimodo setup Update on the previous setup
1 MIN TF SETUP for those that missed the first drop this might be your opportunity to hop on the second opportunity 1:8 RR let's see
Looking to short the cable to 1.2500 price is currently retesting the support turn resistance, psychological level 13500 lets go
Good morning traders, welcome to a new week. From last week, GBPUSD has fallen pretty hard and I expect this bearish market to continue. However,we can’t enter a short position unless price makes a retracement. I expect price to bounce back up to the trend line before shorting GU. Confluences Psychological lines Trend lines Chart patterns Good luck
Good morning. fellow traders. welcome to a new week GU has created a huge double top on the four hour time frame. i expect GU to correct or retrace back to the neckline for a valid sell position. confluences for this trade include Market Structure 50% Fib retracement level Psychological level 1.37000
50 pips Bagged!!! From my previous analysis on GBPUSD, we hit tp as price smashed through our exit line. Account is up 10% more analysis coming soon
Bitcoin having formed a gigantic head and shoulder has been heading in a bearish movement. However I don't expect this to continue for long as investors will be looking to buy Bitcoin at the marked zones.so we might see a bullish movement from tp1. However if price breaks the neckline then we are heading a major dip in bitcoin to about 30k
Good day Traders, This message goes to every one seeking to trade cable today. well as for me ,i believe GU is ready to go bearish but fundamentals is really playing against the movement. so my bias is price might be pushed upwards towards the 1.36000 region to touch the broken trendline and then the volatility from the nfp news today would give price the momentum...
Two Trades one Aggressive and the other conservative after the break and retest of that trendline Price is currently playing around waiting for the High Impact news today... Beware of the news And remember, this is not a financial advice
23 PIPS BAGGED if you have taken the setup i posted thrn you must have gotten this sweet profit overnight Now we look for a sell setup.... lets GO
From my previous post GU might need to complete a vital pattern. hence there might be a retracement to the upside other wise i would enter short when the marked area breaks
GBPUSD has failed to maintain the false breakout. hereby giving a beautiful sell position setup using the gigantic double top on h4 and d1 especially after the break of the trendline, we can see the bearish setup formed using these double tops as resistance, the break of the trendline i believe GU will Fall
My buy setup for GBPUSD Not financial Advice!!! the trend is back using trendline and psychological levels as support levels cable might be on its way to 1.3600
GBPUSD has been following and maintaining a beautiful trendline. this trendline has been over respected. I anticipate a break of this trendline by the highlighted resistant levels. It would be safer to enter for a sell after the break of the trendline. confluences Trendline Psychological Lines Support and Resistance chart patterns High and Low of the week.
Analysis for a probably GU buy setup, once price makes contact with the trend Line at any of those zones I am going long... Confluence-trend line +support nd resistance+psychological levels +chart patterns
GBPUSD bullish setup CONFLUENCES: -Double bottom on 15m -Double button at proven daily resistance -Flag pattern formation on the weekly