Nice trade setup for gbpusd just need to wait and see which way the price will break out.
Im currently waiting for price to break the trend line and will be going for a short
price making noticeable patterns lower lows and lower highs where the support is getting retested as resistance. Now as you can see price moving respectively withe ascending trend line to retest the resistance. I have placed a sell limit and i have 2 targets
price is at the ascending support trend line on the weekly/monthly. All we need to do right now is for a confirmation on the shorter timeframes to get the right entry.
price is currently retesting previous support as resistance. Get entry to sell on the 4hr chart when price breaks the ascending trendline.
price broke the ascending trendline and closed below, however i will be waiting for a retest of the previous support as resistance.
price reversed from resistance, wait for the breakout of the ascending trendline.
find the explanation on the daily analysis.
price is currently retesting resistance, a strong resistance. Wait for a bearish engulfing on the lower time frames.
price needs to break out of the ascending support trendline to go short till the channel support.
price bounced from the support due to the NFP report however if you see the bigger picture there is a head and shoulder pattern just a bit slanting. lets see if it will break the red neckline.
price is at a weekly resistance trendline, lets be patience and wait for a breakout.
price has been respecting this red monthly trendline. Lets wait and see whether it will respect it again and bounce off.
price is at a major resistance, im patiently waiting for a confirmation on the 1hr chart.
Price is made a nice descending channel but now is at support. There are rejection candle sticks on the 1hr and 4hr at the support. Will wait to see whether price will break the channel or break the support below.
price is at very important level where it was previously support on a major level and since it was broken it has not been retested yet, so we could see a bearish movement. However if it breaks the 1.30317 level then wait for a pullback before going long. Until then im looking for a short on this pair.
Price respected the 1161.11 support area (blue box) and made a bullish channel respecting support trend line and it is now at a resistance trendline closing in. Will need to wait and see which way it will breakout.
Trendline clearly broken but will wait to see if the daily candle stick closes above to enter a long.