GBPUSD had nice bull rally from 1.3565 to 1.14952 with perfectly creating HH and HLs which later flipped into bearish at 1.14952.
It failed to break above HH but later breaks below HL, also it broke below the Rising wedge pattern which is considered as a bearish chart pattern that points to a reversal after a bull trend. Target of Rising wedge pattern are...
Price is rejecting from both Weekly Supply and monthly demand, but at the moment price broken the LH and going up, so we can expect some upside movement, let see how market behaves in live
Hello Traders,
Hope you all are doing good!!
I expect GU to go DOWN after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
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...
Rigth now, GU made a big pullback into premium market and into POI, the reason for that was HTF unmitigated wick with big reaction followed after. Hovewer until price don't break our IVP there is no reason to look for longs as that would be against the structure, that's why I will be only looking at what price is doing into that pink box and adapt to the market....
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...
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 ...it rejected and went up more than we anticipated last week ... we anticipated 120 pips and went up almost 200 but it remained below the...
LONGS FROM LOWEST PRICE POSSIBLE 1.38000-1.38250
quick overview
Looking at gu we can see that we have been in a very strong uptrend as we have broken above the 1.37400 level we was ranging around that region swell for a couple days until recently we have seen a break above that previous level and now we are starting to go towards the 1.40 level which is a...
Trend BULLISH : we have been in a long term uptrend since the Start of last march we have been making higher Highs on the higher timeframes so we are currently very bullish this is us going against the trend but we can see that we have a gap below that hasn't been filled and also we can see on the lower timeframes that gu has now started its pullback on the...
On June 28, gbpusd attempted to attack MPP (S1) 1.30760 and YPP (P) 1.30508 last month and pushed back cleanly.
It is currently stopped at MPP (P) 1.32437 this month which was made in July.
<< notes >>
Last month's MPP
On the weekly chart, it can not be said whether the up trend of last year is breathing back or aiming at under 1.30000.
weekly chart
For...
