3700 should help the 37450 that should've held firmly for buy long term idea Seeing that some buyers have taken some serious loss of (100/200pips to even 500pips 50$) A replacement of a pullback is shorting as pattern hints divergence or slight change if downtrend it's formed after breaking consolidation triangle If the 3800 plays as a sellers zone 39 must...
This pair get rejected from the supply zone with high bearish volume so we can expect the downside movement untill the mark line within next month. So trade according to the proper risk management and enjoy the profit.
MANAGE YOUR SL.
400+ PIPS to the upside. DAILY FVG filled. We now aim for buyside liquidity on the top.
will move 128 pips upward from the current Market Price to reach the Resistance line.
Dear friends, Don't follow me blindly...what i am sharing here, is my knowledge not signals I am sharing my view through Elliott waves from past 4 yrs....i learned tons and tons here and market taught me lot and still teaching and i am listening to the market...and i am getting a lot of PM's regarding NEGATIVE COMMENTS from my friends...i am sharing here my view...
I think GBPUSD will fall to the important support position which begin the bullish from breaking the top before ,which is near 1.38x ,and this has been a support position , so will by at 1.3800 - 1.38100 ,and SL 1.375 TP1 : 1.40 TP2 : 1.42 TP3 : 1.50
GBP against Dollar pair have moved between 1.40 and 1.38 for almost a month and neither up or low seen beyond this price limits, and expect the same this week also , and it formed a triangle pattern towards end of the month.. Analysis only for education purpose
Kindly watch down for the Key fib level 0.5. Right now we are in a favorable selling momentum to the marked levels. Despite the fact that the support that created along the bullish cycle. we have to be keenly observing the Golden Fib levels cause the uptrend can also be broken and then we might have a huge bearish momentum. if not Long term Idea is still bullish...
Considering my knowledge of Institutional Market accumulation, GBPUSD Movement