i believe the pair is in the beginning stages of a corrective wave. i would normally wait for the corrective wave to complete but i see i potential quick buy on pair
1:1 risk ration Quick 30 pip potential profit SL@ 0.8917 TP@ 0.8856
my short bias for GBPAUD The pair is currently on an upwards wedge, making its way down to the trend line below the wedge. Double top created on daily as well as counter trendline broke. Third confluence is the crossing of the MA showing bearish momentum short pair TP1 @ 1.737 TP2 @ 1.7217 TP3 @ 1.7000 SL @ 1.8010
Short USDCHF Entry price @ 0.9372 TP @ 0.926 SL @ 0.943
LONG GBPUSD intraday trade TP @ 1349 SL @ 1316 Entry @ 1326.4
Long Gold TP 1349 SL 1316 entry @ 1326.8 short term trade
WEEKLY Chart If we consider the following; the upward channel movement (from the lows of 2015 August 24 to the highs of 2017 September 4) to be a retracement of the bearish move from the 0.948 high of June 23, 2014 up to low of 0.685 on January 4, 2016. The retracement is yet to fill the 50% fib near 0.82 major level. Thereby bullish movements still expected. ...
My bias on this pair is still bullish towards major monthly key level of 1.245. 1. Entry based on ABCD pattern with entry on retracememt C created at a key level 1.220 2. MA's showing bullish momentum 3. Price action (daily inside candle created at confluence of the key level 1.22 as well as upward trend line) Therefore i go long on pair to 1.245 price level.
1. Pair is in a downward channel on Daily chart, creating lower highs and lower lows with next anticipated low to be around the 109.5 region. 2. Friday's daily candle closed as a bearish shooting star, rejected off the 111.5 key level. 3. Pair has created an ABCD pattern (4 hr) with the D extension to be created at price 110.268. 4. EMA's show bearish...
My 2 cents for the GBPUSD is a long BIAS with first Target at 1.375. Bias based on the following factors 1. Rejection of the daily candle(2018 Jan 11) off the 18 EMA and upward trend line. 2. Rejection closed candle above major key level of 1.350 3. Moving averages show a bullish momentum 4. A noticeable cup pattern formation formed and completed. It must be...