TraderXR

TraderXR

The resistance seems to be contested a few times already and is still holding strong. Given that the last candle was a strong bearish candle, possible that the resistance stands strong hence possible to go short on this ccy pair

TraderXR

Price will contest the support at 135.042, if support holds (which i think it will), price will go back up to resistance To know when to enter the market, either wait till it reaches the support else for a strong 1H candle to appear

TraderXR

Potental for GBPUSD to continue to rise all the way till the highs in March'20 To know when to enter the market, will require to see if the price breaks the resistance. Hence I will not enter the market now

TraderXR

Price is retesting the resistance at 1.34178 will go long if 1H candlestick closes above the resistance.

TraderXR

Price seems to be hovering around resistance for now. To determine a uptrend of downtrend will wait for the 1H candlestick - to see where does it closes before deciding to go long or short. For now it seems likely to continue its uptrend as on the 4H chart, it was closing a higher low and higher high. Do drop me a like/comment on your analysis!

TraderXR

Still expecting price to go down. Esp since there is alr an 1H candle stick closing below 0.9015, will probably go short First support is at px: 0.90819 Next support will be at px: 0.90011

TraderXR

Seems like the buyers are losing power and the candle sticks are getting weaker now. Will wait till can get a confirmed reversal on the 1H chart and go short Do drop me a like/comment to share your analysis!

TraderXR

will have to see if the price goes below 1.26482. if so, am expecting the price to go all the way down to 1257.22 or even all the way down to the strong support of 1.2509 if there is a 1h candle stick that shows the closing is right below 1257.22, potential to take quick gains on the decline. if px did not close below 1257.22, (i.e a strong 1h candle stick...

TraderXR

seems to have hit the strong support, am expecting a retracement up

TraderXR

price seems to be falling back to the support i.e previous resistance (high) Am expecting a retracement back up then i will go long. If support fails to hold this set up will be deemed ineffective.

TraderXR

trend going on strong, will see if it surpasses the 9 Jul high. If so, next level to look at will be 136.353 which is the next level resistance. To decide if i should go long, will wait for a distinct 1h candlestick closing above the 9 Jul high To decide if i should go short, will wait if there is a distinct 1h candlestick closing below 135.709 Do drop me a...

TraderXR

Given that the fundamental analysis for GBPUSD is pretty negative therefore my take for this ccy pair is that it will continue to decrease in px. the support of 1.25209 seems to be holding - now is to check where will the next high be; I'm hoping (guessing) that it will rise till 1.25510 tops just outside the uptrend support line If so, this will indicate a...

TraderXR

its oversold!!! have been testing the major support line for a while now will go long on this. price to watch: 0.9413, 0.94141 The rectangular boxes are the previous highs which I will keep a lookout to determine if will be able to continue the uptrend Do drop me a like and/or comment to share with me your analysis!

TraderXR

Looks like the long-time support level of the rising channel is holding, next is to see if the price is able to increase and if it breaks the resistance level of 1.26505 given that it has been retested a few times now.

TraderXR

hoping it will break out of the uptrend channel/rising wedge px to look at: if the resistance at 1.13891 holds and if it does, will short and next price to look at will be 1.13491

TraderXR

seems to be at key resistance & at the end of a bullish wedge if does not break the resistance next level to short will be at 1.14174

TraderXR

uptrend, looking to hit previous high @ 1.26356 else if fail to go pass 1.25993 then probably will go back down

TraderXR

breakout!!! seems to continue rising