damianngema

damianngema

GBPUSD has been untrending strongly and has formed an ascending triangle pattern, which i suspect is going to be another bullish move continuing the uptrend. Comment with opposing analysis.

damianngema

I posted analysis on this pair a few days ago and today price finally went our way. Check out the previous analysis and rationale behind it under my 'published ideas' .

damianngema

Price hit daily resistance level and seems to be turning around. A Double Top formed and has broken support trendline on 4H which to me is a possible True Break to the downside. 5 and 10 MAs have also turned on the higher time frame, further signalling a sell. I have THREE reasons to believe price is selling. However I'm open to suggestions.

damianngema

price on the higher time frames has been selling and has currently formed a Head and Shoulders pattern showing bullish exhaustion on this short-term uptrend/retracement/pullback whatever you want to call it. I will be waiting for a break downwards for a short entry.

damianngema

Possible double top over this pair, that's my bias. It's in a down trend on the weekly and monthly chart which tells me that this upward movement was just a pullback, which ultimately leads me to believe this pair is still selling. However, i shall wait for price to break the trendline before i make any other move.

damianngema

Price formed an inverse head and shoulders pattern and found entry on a descending wedge. Well into profit right now!

damianngema

EURGBP has been up trending for a while now, showing strong buying pressure. a flag pattern has formed, showing the possibility in continuation of this strong movement upwards.