Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...s you can see, the W pattern for a week is almost perfectly respected and GU has already reached level 1 that I proposed last week!
from...
Looking at buying gu from a much better price like last week we predicted that price would come into the region of 1.38250-1.38300 and we was spot on once again this week I am looking for a similar setup this week I will be looking at two buy orders from 2 zones we have only been bullish so much we can only keep going up my target is 1.44 which is previous monthly...
Upside Trend (As per Trend Line & SRSI)
TG1 = 1.34403
TG2 = 1.34092
STL = 1.33632
For down side (Short Sell)(Gets Support at TG3)
TG1 = 1.33835
TG2 = 1.33632
TG3 = 1.33191
The 4-hour right side is down with a bearish sequence against the 6/10/20 highs at 1.2823 . The 1 hour is turning up against 1.2249. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows.
Sell GBPUSD
@1.2500-1.2530
TP: 1.2410
SL: 1.2560
Good luck !
The daily right side is down with a bearish sequence & the 4 hour right side is down with a bearish sequence against the 12/13/2019 highs at 1.3522. While below 1.2648 where the hourly is turning down the pair can see weakness continue.
Short term Signal
Sell GBPUSD
@1.2445-55
TP: 1.2380-50
SL: 1.2500
Good luck !
The British pound is holding onto the latest positive factors towards the buck as merchants await the Financial institution of England financial coverage resolution later right this moment. Additional bullish development above the 1.2530 degrees ought to provoke a take a look at the 1.2600 degrees. A lack of the 1.2425 help area is prone to see...
Buy (limit) above S1=1.2035.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2135.
TP4: R2=1.217.
Set the stoploss of these orders at breakout of S2=1.196.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.196.
In this situation, there is an expectation to reach the...
GBPUSD 4hr time frame bullish. these two line's extension are at same level 1.26583. trend will be more likely zigzag than impulse.
similar pattern formed on EURUSD also.
