GBPUSD fails to cheer upbeat UK GDP figures as market plays await fresh clues to confirm the Fed tapering chatters. Even so, the cable keeps the previous day’s rebound from 21-DMA amid firmer RSI, suggesting further recovery towards the 1.3900 round figure. However, a convergence of 21-DMA and a downward sloping trend line from June 11, around 1.3925-30, becomes...
There are two possibilities on GU. Still it runs on downtrend line. If it breaks, then look for Long. If it run between the downtrend line, then look for shorts.
Shorting the GBPUSD according to pitchfork and Heikin Ashi.
waiting for the breakouts to happen chances of short position soon
GBPUSD Long Position Setup 1HR Timeframe Wait for retest position then enter long position
gu is retesting broken structure when its done we can take sell
GU looking very good and i except GU for long already entered GU but for the safe play i will be i will be adding more on GU once it break 1.38800 which it a smaller time frame area of value . Overall HTF is showing very good bullish side on GU but let see how GU behave
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...
I can see a supply and demand area clearly for GBP/USD pair its a perfect time to put sell and keep target at demand zone and again can put buy near demand zone
There are two possibilities in GU. Now GU is running on Uptrend direction. if it breaks the trendline, then it will make a short. if it is retest, then looking for long. but 60% chance for short. so waiting to break the trend line. Thank you
We will see on Monday London session if it gives buying opportunity. Watch out.
gu sell posion based on liqudity and retracment theory
Wait for sell confirmation. Only a idea. Not for trading purpose.
CMP 1.39129 SL 1.38519 TP 1.37434 DONT RISK MORE THAN 1% OF UR ACCOUNT NOTE:- GIVEN TRADES ARE FOR EDUCATIONAL PURPOSE ONLY. TRADE AT YOUR OWN RISK
analysis based on weekly chart and day chart 1. stoch RSI at overslod zone 2.candle at support area make sure you make your own analysis before entering in the trade