Possible Trade opportunity on GBP/USD
Reasoning
A pennent formed and broke upwards , reversing the previous downwards cycle
Price bounced 3 different times on the trendline I've drawn
As price continues to move upwards, the momentum will continue
Feel free to comment and like
Follow my account for more analysis like this
FX:USDCHF
www.tradingview.com
s3.tradingview.com
Thoughts and Reasoning Behind Price Movement Are Listed Below
Technical analysis of the USDCHF pair
Larger Trend analysis on the larger timeframes suggests
there will be a continuation of the prevailing downtrend
The pair is lining up well with Elliot confirmation principles
Trader sentiment on all...
FX:GBPUSD
GBPUSD 1H Trade
Assumptions on price are based on previous momentum, as shown in previous higher timeframe analysis.
The bounce on a major support line shows price rebounding after a major high.
Overall uptrend on the pair is justified in larger timeframes, so after price bounces for a while,
the momentum upwards should kick in again thus driving price...
OANDA:GBPUSD
1 Week Technical analysis of GBP/USD
I used the Elliot Wave analysis tool as my main source of confirmation
among others to project the possible direction of price.
Feel free to comment and add your ideas on where price might go
LIKE,FOLLOW AND SHARE
FX:GBPUSD
Free Signal using a projected Elliot wave.
Parts 3 to 4 just formed.
Opportunity to catch the last stretch from 4 to 5
of the Elliot with a chance to catch a max 800 pips .
FX:GBPUSD
Elliot Wave Forming on the 4hr GBP/USD chart
Price is likely to reverse at 1.48000
Multiple entry points but overall uptrend as
Elliot completes trajectory
FX:EURGBP
A previous analysis of this chart is linked below
Alternative analysis for EUR/GBP
A parallel channel has been forming for an extended
period of time on the 4hr, with price bouncing along
the lower and higher edges of the channel, and
breaking major support lines along the way downwards
and indicating a strong moving downwards trend.
FX:USDZAR
A retracement forming on the 4hr after an
elliot wave formation during a downtrend.
likely reversal into an uptrend after
the full retracement completes.
Opportunity for a possible 150 to 200 pip short
On the 4hr, the market came from a recent uptrend,
forming a near perfect elliot wave, and starting a retracement.
If the market respects structure then we should see
a retracement continuing to form and settle.
short opportunity on the 4H for the EUR/GRBP pair, possible 100+ pips.
Broken triangle suggests a likely continued descent downwards.
respecting fibonacci levels and support lines
broke structure and went past previous diagonal trend line
still showing signs of a continued downtrend,
as price respects second diagonal trendline
OANDA:EURGBP OANDA:EURGBP
short opportunity on the 4H for the EUR/GRBP pair, possible 100+ pips.
Broken triangle suggests a likely continued descent downwards.
respecting fibonacci levels and support lines
A perfect Inverted head and shoulders formation so likely continuation of the prevailing uptrend. The pair has a predetermined momentum moving upwards and the inverted head and shoulders is a sign of a continuation. there is likely to be a reversal soon enough so watch out for that.
