if momentum can keep as current i see 14.450 zone taken out and a retest-reject at this zone will confirm our trade setup .. for 13.970 take profit
will be watch the price close as its approaching a major resistance 1.12820 ... personally i see a rejection within this zone which might pull us back to 1.15280 support.
the most important thing about these triangle is the foundation / base ...
awaiting for clear confirmation that 1238.80 zone has rejected ... the retest seems to be failing to breakthrough....1218.80 zone short target
sell 1.13580 tp1 ...1.12880 tp2 if price can reject at 1.14480 ..
swing trading is no joke ... patience is required... went in long with this pair ... and we haven't made any progress as yet... but hopefully 1.75220 will be reached by end of week.
waiting for the price to break 1.14480 zone for a 100 pips trade to 1.13480 ... looking at weekly Tf 1.08420 is my yearly bear target ....a clear break from 1.1520 will confirm that...
finally GBP is showing signs of strength ... have been waiting for this bull from last week... a clear rejection of 1.82420 zone as highlighted ...we might be going higher with this pair.... bt will be cautious ....
a possible pattern repeat here ....if 1221.20 minor zone can be broken... will be watching price closely for 1212.20 zone rejection then will be interested in going long to 1238.20 zone ...
1225.80.. have been hard to break as indicted on previous analysis...steady and shoppy is whats happening .... decided to fold until 1214.80 zone reject or 1238.20 achieved ... noticed a spikes which might occur within these zones ...avoiding any pending orders
after 1.15380 zone was bridge took out all bull setups .... now my new setup is short with 1.14080 as 1st TP and 1.13280 2nd TP...
Gaped into our resistance zone 1.70280 .... 1.76580 zone is my weekly target ... but will be very cautious trading any GBP pair this week as the is brexit talks which might cause strong volatility ....personally i wont place any pending orders will have to see the price confirm.
Gaped straight into our anticipated zone 1.84280... i see the price going higher from here...
the gap this week help retest and reject 1.15420 zone ... overall target for this week will be 1.17220 zone .... but this is a minor support it can be easily broken will ...will watch the price closely for further upside to 1.17720 zone which is my overall monthly bull target.
last week the price couldn't bridge the 1225.80 zone as expected ....causing a slow steady retracement to 1210.80 zone ...im anticipating a rejection at this zone which will take us to our overall bull for this month 1238.20 ....failure to break this zone i see gold tumble down to 1030.20 levels...will be watching price closely.... to see what happens at this zone...
1212.80 zone clearly broken ... Gold was supremely strong over the green bag... the is still more space for an upside 1225.80 will be my weekly overall target...if the price can respect 1216.20 zone'
personally will wait for this pair to reach 1.70020 zone to continue with the bull .... weekly Tf suggest Gbp sell is long over....we in for new heights..
i proceed with caution ...1.83380 zone my weekly bear target .... but will be watching the price close for a continuation of the Gbp bull...