GBPUSD has been uptrending all year and is currently pushing towards the top of the channel. I'm looking for an entry for a buy in the next day or two based off the next Fibonacci level (0.382) or if the price action pushes to the 0.5 fibonacci and gives me indicators through candlestick analysis and my moving averages are about to cross for a buy signal. 1.3516...
GBP/USD is bullish and has been trending for the past year in a beautiful upwards channel with a fake breakout from the trend during mid-September. Using fibonacci retracement combined with my support zone I have high confidence in the currency continuing its trend upwards. I will be looking for entries around the 1.309 price level for a long.
GBP/JPY is bullish on the daily chart. The moving averages are getting closer to crossing to confirm the reversal upwards. The new trend line that has formed along with my ABCD pattern formed within an Andrew's Pitchfork help give me a confluence of indicators that the currency is now trending upwards. The Fibonacci retracement helps to create support lines for...
The wedge and a possible pitchfork pattern along with the trend line that formed with the previous market moves gives me good confidence in taking a buy here with a 20-30 pip stop loss and a initial 50 pip take profit.
