Pelankit

Pelankit

clear chart pattern: Head & shoulder formed on the 1hr time frame, rejecting the wick of the previous shoulder and allowing us to enter the sell. GBP has been volatile these couple of weeks, creating uncertainties. Clear trade, avoid over-leveraging. LETS EAT

Pelankit

Euraud created a H/S on the 1hr time frame and decided to push up a little before the sell. double top created on the 4hr chart, giving us confirmation for the sell. Look for entried immediately or wait for the pullback and enter. Tp2 is advised, it might drop to tp1 and shoot up.

Pelankit Updated 

On the weekly chart, this particular currency has reached a bottom low, hitting a strong support and allowing us to look for long-term buys. On the 1h chart, both wicks marked have resisted to break further down, giving us confirmation for the buy. Before placing a trade, look at lower time frames for a good entry with a total movement of 102 pips. Potential...

Pelankit

As shown, in the yellow area we can observe price resistance, where the market failed to break through each wick and currently has started to drop. On the daily chart, we can observe a change of trend - proceeding downtrend and as the market retraces, we look for sells. Change of trend - 3 wicks that show resistance - pullback on the daily chart. A blue line has...

Pelankit

If you're familiar with chart patterns, then it should be clear to see the double top on the 1H chart and currently the price is retracing, creating a flag pattern, which allows us to enter the sell. Look for a good entry on the smaller pullbacks and out target is around 95 pips. Now, i've marked a third take profit, where the market might drop all the way....

Pelankit

Simple Wyckoff Strategy whereby from a personal opinion, GBP hasn't gained enough strength as we see accumulation of price ( i've marked it on the graph). Look for entries in the yellow zone, allowing the market to retrace and gain a better entry. Let's see how this goes the following week. Let's profit TOGETHER!! Feel free to drop a comment if you have any bias...

Pelankit

Price has been resisting in the area .33051, which gives us an opportunity to short this currency pair. Trend line placed, indicating a preceding down-trend. sell opportunities given, let's catch those pips! Look for Sells in areas where wicks are formed, not allowing price to go any higher.

Pelankit Updated 

Observe on the daily time frame, the Up-trend has reached an overbought zone, where it has given room for the Down-trend to form. 1hr Time frame, good opportunity to place sell orders, sexy.

Pelankit Updated 

Head and Shoulders spotted on the 1h time frame, formed by a flag pattern on both shoulders. Looking for Tp1 & Tp2. For a better entry, wait for a small pullback and you can jump on the trade

Pelankit Updated 

based on accumulation on the four wicks marked, using a wyckoff strategy, GBPUSD is creating a bullish market. With the fib retracement, look for oversold entries.