I am expecting the price to go up a bit and come back down and eventually goes bottom to retest the support level on the weakly view. However, for short term opportunity it still goes up and my watch level to sell would be around 0.97200
It is probably gonna dive. but the question is here whether there will be geopolitical issues again or not before it goes to that level
taking all things going on into consideration, the down move in the price is expected. lets see how it plays out and breaks the support level. it seems like the double top on its way to work
Taking all things going on into consideration. I am expecting pound to go down. lets see what happens but it seems like the bottom top is likely to work
the strong resistance in 1300 area. The price is likely to go one more up and come down
that offers really good risk and benefit ratio.
the pattern is on its way to be built wait for more confirmation
the price is expected to go up further, lets see how it plays out. But need to keep an eye on oil price and gold price as well, as they affect the movement of this pair
the price has a one more move up. it may go up and touch the resistance
we see strong movement as seen in the candles it may eventually break the resistance but make sure that it gives more confirmation
the price is on daily support level breaking this may offer huge opportunity but it may also bounce back. it is better to wait and look for more confirmation of either breakout or bounce back
the price may move within this pattern, just wait it to be formed fully after that start trading
we are now in a crucial point. if it breaks the gold mean we may the price above 1300 area. I am holding a bullish bias as geopolitical tensions and jitters r intensified. if it bounce back 1250 area. So watch carefully, wait for a more confirmation of the break or bounce back
I have posted a few analysis using such patterns because I do not use them frequently in my trade. However, this one looks pretty cool for me. Everyone sees the market differently I might be wrong but just wanted to share what I see in the market now. Dont jump and risk your money wait for more confirmation because you are good trader who wisely thinks before...