ending diagonal on 4H chart and there is rsi divergence also first tp-1.41000 second tp-140200 sl-1.41700
As per HTF GU looks Little BIt Bearish till Daily Support area. So my target is at that support area.
Looking at GU we have come up to 1.42 region and have respected it quite well overall last week was bearish but the trend is still bullish on 4hr we can see no structure has been broken so I'm still looking for buys from these two areas we have to remember the overall trend is higher so looking for sells while we have been in a strong uptrend is us going against...
AN IDEA BY NNA TRADING AND PORTFOLIO MANAGEMENT SCALP ON THE WAY DOWN 1836 PIP TP 1-11 RISK TO REWARD
Hi traders, GBPUSD analysis for the week of Feb 15-19, Resistance line above the top for GBPUSD pair at 1.38750 area, It may stops and expect to send it back to 1.37500 area Dollar index too looks strengthened on the beginning of the week. After the mid of week , it might go bullish, price action suggest the same too. could be the mixed week for long and...
Sell with SL of 1.36500 for target of 1.35000/1.34500
Pound against Dollar , is looking to touch the Support line which was a major Resistance line for long time at 1.30650 , price action suggest the down movement in this week, Only for Education purpose..
GBPUSD price now in resistacne zone what we can except... 1) RED Price can Make a little correction moves downwards upto 1.31200 and then it can move upwards Wait for Price Confirmation @ 1.31200 and then GO LONG... Take Profit @ 1.32600 2) BLUE Price move to new support level Where it will meet upwards trendline @ 1.29950 - 1.300000 ...
Buy because trend is up and we bullish inverted hammer on major support
Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Price is respecting downward trend-line as resistance. It reached monthly resistance coinciding with the trend-line, got rejected and moved to the downside. We saw a W pattern, its neck also coincided with 0.618 Fib level on...