After Brexit Decision GBP crashed vertically managed to halt @ 1.19048 and lost momentum, It was in the range of 1.27600 to 120850 in last 7 months horizon. Fundamental condition still remains choppy !! Volumes improved in recent past days, Open interest raised by 3.6 %. Expect price to trade in the range of 1.2800 to 1.31750 in coming days, Shorter term traders...
a clear divergence have been formed between market trend MACD indicator which indicates a strong reversal of trend as market has been consolidated for a long time on pivot point any break could cause a good fall for sterling with a target of 1.2778,1.2699 and 1.2564 alternate scenario any break above 1.2989 may continue the buy trend Happy Trading
Looking for short for ride wave 5 weekly..we expect market will reversal at area 1.28258 - 1.29973
Watching for GBPUSD to settle above 1.2400. Next the pair will test 1.2688 level near term and then break above that toward 1.2900 - 1.3000 Sorry guys for being away for 4 months as I was working on my new book release "Trade Forex with Confidence". Thanks for your patience and support. amzn.to
KST on daily charts about to give buy signal and MA crossover to confirm Bullish move.
After the Eurjpy trendline kiss and miss episode, it's time for action reply. Go short on GBPUSD between 1.2410-1.2415 with s/l above 1.2450 for targets of 1.2358 and 1.2310
GBPUSD in progress to completed sub-wave d for triangle pattern
It can be observed that GBPUSD is breaking the Symmetrical Triangle on the downside, looking poise for a good fall. The triangle size is huge, but taking a small target keeping in view the news to come. Short Entry: 1.2410 Target: 1.2336 Stop: 1.2458
Possible dragon pattern visible in GBPUSD. It's not a perfect dragon but nevertheless.... Red lines indicate targets
It can be observed that strong breakout has occured on GBPUSD One can long at CMP Target: 1.2551 Stop: 1.2496
Expanding triangle formations usually have a bearish outcome.
TDI already crossed down, however pull back and come down again, monitor this trade
It has been observed on the 30 mins chart of GBPUSD that the price is at an important resistance level which has held well in the past along with an MACD Crossover. Entry: 1.2649 to 1.2666 Target 1: 1.2591 Target 2: 1.2534 Target 3: 1.2468
The rising trendline and the horizontal support at the FX:GBPUSD has been broken. Price is trying to retrace, but is unable to cross back the upside. If price does cross above, it should face resistance again at the red line. Short can be initiated at CMP or at 1.2535 if price retraces again later, if you are late to see this. Target will be a little above the...
One can short FX:GBPUSD below 1.2647 where it has broken the Rising Wedge. Target at previous support levels, i.e. 1.2605 Stop at 1.2670
EMA,200 above the candlestick but please wait for the sideways to end to confirm the uptrend signal this week. have a happy trading guys