GBPUSD has formed a bullish triangular pattern.
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter...
Following price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio.
Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price...
With downbeat UK inflation figures pouring cold water on the face of BOE hawks, GBPUSD eases from 100-DMA, consolidating the previous day’s gains below 1.3800. For now, the 1.3700 mark, comprising multiple levels marked since late September, question the pair’s further weakness. Also acting as a downside filter is the ascending support line from September 30, near...
Quick update about GU. Gu is in a strong zone. if it break, then it will go up.
If there is a retracement, then it will come back to make a downtrend.
Use proper risk management.
Thank you
* Overall trend is downtrend and currently we are looking to go short on daily time-frame.
* If it reaches Sell zone then we will be looking to go short on lower time frame.
As stated earlier in my previous analysis for this pair, i eaplained why the pair would see a sell this week. and it played out today after the break and retest of the upward trend. i took my entry and currently sitting in profit.
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Waiting for a move on each side. but giving more preference to buy. because the price action itself shows a bullish pulls. Let wait for it.
Use proper risk management.
Tank you
GBPUSD rises to a two-week high after confirming the bullish head-and-shoulders chart pattern the previous day. The cable pair stays bid around 1.3655 inside a short-term rising channel during early Monday. Given the confirmed bullish formation breakout and firmer MACD signals, the quote is likely heading towards the 200-SMA level near 1.3710. However, any further...
Its best to take trades on important levels, in-between market is just sideways. as directional traders its best to be patient and wait for the good candlesticks formations on the good levels, thank you!
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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