GBPUSD
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β³1 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
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Detailed analysis π¬
1οΈβ£ Negative USD-Positive brexit talks will boost this pair upwards
2οΈβ£ GBPUSD Has break the downward channel
3οΈβ£ 1.37000 acting as strong resistance level
4οΈβ£ 1.37000 Major upper side resistance Key reversal area
5οΈβ£ 1.36100 acting as key support .618 Fibonacci
6οΈβ£ 02 nd Sub micro Elliot wave is formed
7οΈβ£ Technical support - Bull
8οΈβ£1.37700 will acted as key reversal-bearish
9οΈβ£ Series of HH HL HH HL patterns
π Possible swing target-1.37700 (1.217 Fibonacci)
#οΈβ£ Overall bullish trend (Brexit optimism)
βββββ-βοΈββββββ-
π Technical bias-H4-Bullish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as support-Bull
Ichimoku cloud -cloud is still green-Cloud support(Bull)
Bollinger band- Price reached around lower band and short term pullback was expected
Relative strength index - Reached around 40-Medium term bearish correction was expected
MACD -Turned red and fell below the signal line ,oscillators about to cross soon
Stochastic - Reached around 40- Oscillators are pointing upward
βββββ-β³οΈββββββ-
Key reversal area's
1.36000 psychological level
1.37000 January high
1.37500 Key reversal area/psychological level
1.360950 61.8% Fibonacci retracement level
1.35770 50% Fibonacci retracement level
1.35400 series of support level
1.35400 Price action level/Possible entry- Bull
1.37700 1.217 Fibonacci/Alternative bearish entry
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Bullish entry #pound #gbpusd
Entry price - 1.36100
Take profit 01 - 1.37000
Take profit 02 - 1.37700
π« Stop lose 1.35830
β¬οΈ 1.19% Growth expected
β€΄οΈ Account growth 0.19: 1.19
β Risk reward ratio 1 : 6.2
βββββ-βοΈββββββ-
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*********
β³1 Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Negative USD-Positive brexit talks will boost this pair upwards
2οΈβ£ GBPUSD Has break the downward channel
3οΈβ£ 1.37000 acting as strong resistance level
4οΈβ£ 1.37000 Major upper side resistance Key reversal area
5οΈβ£ 1.36100 acting as key support .618 Fibonacci
6οΈβ£ 02 nd Sub micro Elliot wave is formed
7οΈβ£ Technical support - Bull
8οΈβ£1.37700 will acted as key reversal-bearish
9οΈβ£ Series of HH HL HH HL patterns
π Possible swing target-1.37700 (1.217 Fibonacci)
#οΈβ£ Overall bullish trend (Brexit optimism)
βββββ-βοΈββββββ-
π Technical bias-H4-Bullish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as support-Bull
Ichimoku cloud -cloud is still green-Cloud support(Bull)
Bollinger band- Price reached around lower band and short term pullback was expected
Relative strength index - Reached around 40-Medium term bearish correction was expected
MACD -Turned red and fell below the signal line ,oscillators about to cross soon
Stochastic - Reached around 40- Oscillators are pointing upward
βββββ-β³οΈββββββ-
Key reversal area's
1.36000 psychological level
1.37000 January high
1.37500 Key reversal area/psychological level
1.360950 61.8% Fibonacci retracement level
1.35770 50% Fibonacci retracement level
1.35400 series of support level
1.35400 Price action level/Possible entry- Bull
1.37700 1.217 Fibonacci/Alternative bearish entry
βββββ-β³οΈββββββ-
Bullish entry #pound #gbpusd
Entry price - 1.36100
Take profit 01 - 1.37000
Take profit 02 - 1.37700
π« Stop lose 1.35830
β¬οΈ 1.19% Growth expected
β€΄οΈ Account growth 0.19: 1.19
β Risk reward ratio 1 : 6.2
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful