GBPUSD head and shoulder with 618 pullback short now
long term down and short term or intraday long
hi guys wait for the engulfing or pin bar bullish candle near support zone...long but wait for bullish candle..its over strong support..RSI IS ALSO OVER SOLD ..WANT SOME RETRACEMENT HERE....
buy green arrow if market make bullish candle near green arrow... pin bar or bullish engulfing candle is best to go long...if market breaks this support then we go short from retest area...again i post new chart..thanks
The 1-hour chart of GBP/USD is currently in the process of forming an Elliot wave. It has formed the 4th wave and is resuming the rally of the 5th wave. The ichimoku indicator also indicates the resumption of buy trend. Hence we expect the pair to be bullish for short term.
wait for the breakout...or may be market retrace from red trend line ..bcz its over strong resistance level...so wait and watch...as we see in daily chart market is in channel...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast the beginning of uptrend. Technical analysis: There is a divergence in RSI and price between the trough at 1.3205 on 2018-05-29 and the trough at 1.2955 on 2018-07-19, the probability of downtrend continuation is decreased and the probability of beginning of...
The pair has formed a falling wedge pattern and has given a valid breakout above the wedge. It can witness a throwback and the price can retest the wedge line once again. Based on the current momentum and with the application of Murrey math line,we expect the pair to move towards the resistance zone of 1.35538
This one they are moving very slowly , they made a small flag and now they are moving to Tag 1.347 , Look for sell set up near this Area and once they Complete the Small Flag pattern , they will likely to Continue down ward , Long term is still down ward
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...
GBPUSD SHORT OPPORTUNITY KEEP WATCH SELL below 1.41666 TP 1 - 1.41410 TP 2 - 1.41183 SL above 1.41916 Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully...
The daily chart of GBP/USD indicates that the pair is currently in downtrend. There was a steep fall in the counter but lately selling momentum has subsided and bulls have started come back in the counter. It is indicated by the formation of bullish outside bar candlestick formation. As per our analysis, we expect the pair to be bullish and head towards the...
Exactly in the previous support... Points to note: 1. Death cross. 2. RSI at 35.774 acted as strong support for the past one year which after death cross is broken 3. RSI at 35.774 can act as resistance. 4. If price moves up from here can form double bottom and bullish divergence. 5. can be shorted at 50ema or 200ma(if it reaches)