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Gbpusdsignals

GBPUSD | Perspective for the new weekDespite long-term Bullish expectations on this pair, the Pound appears to be on the verge of a slide amidst Brexit trade deal worries. The identification of reversal candles in the last days of last week trading session is a reflection of the news informing the possibility that the European Union could terminate the post-Brexit trade deal if the U.K.'s disagreement on the Northern Ireland border deepens. With price action contained within a Descending channel in the last four months, I look forward to the breakdown of the confluence - Key level @ $1.37500 and Bullish Trendline to short the Pound in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Descending Channel | Trendline | Reversal pattern (Double Top) Observation: i. Since the beginning of the month of October 2021, the Pound rode on a Bullish Trendline to test the $1.38350 zone during last week trading session. ii. The visual representation of a support line drawn under pivot lows revealed the prevailing direction and momentum of price action in the last three weeks. iii. However the appearance of a reversal set-up on the lower time frame immediately price hit the $1.385000 zone could be a clue that we might be on the verge of a risk of further decline in price. iv. Double Top: As stated above, the extremely bearish technical reversal pattern in play after the price reached a peak two consecutive times ($1.38350 & $1.38320 respectively) with a moderate decline between the two highs is awaiting further confirmation in the form of a breakdown of Neckline @ $1.37500 which is also a Key level. v. In the coming week, it is appropriate that we look out for further confirmation which will happen if the price falls below the confluence of a Key level and bullish trendline @ $1.37500 (Neckline of Double Top) - a level which also equals the low between the two prior highs. vi. It is also worthy to state here the significance of the overall Bearish set-up after the price broke below the $1.9500 zone in mid-June 2021. This level later witnessed multiple rejections that sent price spiralling downwards within a descending channel. vii. Connecting the lower highs and lower lows of price action with parallel trendlines since the beginning of June 2021 is a consolidation phase that reveals an underlying downward trend masked within a Descending channel. vi. In this regard, I shall be looking forward to taking a short position below the key level @ $1.37500 in the coming week to be on the safe side with an opportunity to add to the existing position at a Breakdown/Retest of $1.36000. NB: All this been said, it is pertinent to state that if price breaks out of Channel to the upside the narrative so far shall remain invalid as a correction of the Breakout shall signal an opportunity to join a potential rally... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
6
GBPUSDDear 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 ...just like EURUSD , GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a new analysis ... In the next period I think it will play more on economic factors taking into account the economic crisis in the UK but in the long run ... I think GU will start a new rise of 200-300 pips even if it can, it will test the 1.34500 area again GU closed above the extremely strong 1.34500 area formed in the last 5 years and on the 1 month chart it rejected from the Fibonacci 0.5 area but I repeat ... pay close attention to the economic news in the UK because the decline could be wider ... 200-250 pips and from there UP again to 1.37 THIS WEEK...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period! Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze! however ... any closure even for a day over the green lines should give us the trend for the next period! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
GBPUSD close to the Channel Down bottom. Buy signal.The pair has been trading within a Channel Down since April 30. Today it is rebounding after coming the closest to the bottom (Lower Lows trend-line) of the Channel Down since July 20. This is a short-term buy signal on its own with a 1.3750 Target (the short-term Resistance). On a more longer term perspective though, we can see a similar fractal developing as in April-May 2020 (green shapes/ Fractal (A) and (B)). If it weren't for the March 2020 COVID market crash, then Fractal (A) would have also traded in the extension of a Channel Down, as Fractal (B) does. That fractal was the bottom of that pattern and GBPUSD started a 12 month bullish trend then. So if the current Channel Down breaks to the upside, our firm's thesis is that the pair can extend the rise to at least the 2.0 Fibonacci extension (1.4400) before the next major correction. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
GBPUSD 1D Death Cross = long-term bullish?Usually the Death Cross is a bearish formation. When formed, it should be received as a sell signal on an upcoming bearish reversal. On GBPUSD though and the 1D time-frame in particular, the last time a 1D Death Cross was formed was on April 03 2020, after the COVID crash market bottom of mid March. Interestingly enough even the Golden Cross patterns have been inverted on GBPUSD as the last two (November 27 2019 and August 14 2020) shortly led to a top and correction. If the same sequence is repeated then the long-term targetis the 1.4250 Resistance, which so far is a Double Top. Notice how the CCI sequences are also similar. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
GBPUSD | Perspective for the new weekIt is over 250pips move in our direction since my last publication (see link below for reference purposes) and the appearance of a strong reversal pattern (Double Bottom) at this juncture in the market suggest a trend reversal is unfolding as price continue to find higher-high since hitting a bottom @ $1.36000 a couple of times. The British pound spiked a bit on the last day of last week trading session to recapture the $1.37500 handle. Even though we are still trying to figure out where to go in the longer term from this juncture; from a technical point of view it appears we are on the verge of breaking out of key level @ $1.37500 to find new highs in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Double Top) Observation: i. It is obvious that the Pound has been on a steady growth since March 2020 (see weekly chart) and since hitting a peak @ $1.4200, the price plunged - a feat that can be regarded as a correction phase. ii. The inability of sellers to push the price below the $1.3600 level in the last 6 weeks insinuate that there still exist in the market those who believe in the Pound sterling. iii. Supporting this view is the appearance of a Double Bottom set-up at this juncture which describes a possible change in trend and a momentum reversal from prior leading price action as I anticipate Breakout/Retest of the Neckline @ $1.39500 for further confirmation of a bullish bias. iv. Going into the new week, above of Key level (Breakout/Retest) shall remain my yardstick to take on a position for a rally continuation with options to add to the position above Neckline... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
7
GBPUSD Entries + ExitsHow To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated!
by ExclusivelyFX
1
GBPUSD | Perspective for the new week | Follow-up detailsWith over 60pips move in our direction since my last publication, the character of price action during the course of last week trading session appears to have shed more light on the direction that the majority are heading as price broke and closed below our previous key level @ $1.39850. As multiple rejections of our previous neckline @ $1.39400 (see link below for reference purposes) affirms strength for sellers at this juncture in the market, The Pound continues to drop on the back of a stronger Dollar following a robust NFP release as price breaks down a significant level @ $1.38700 which technically serves as a Neckline of a Triple Top pattern. In this regard, I expect a risk of further decline for the Pound in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Triple Top) Observation: i. The following narrative is a follow-up on my previous broadcast since we are yet to see any significant setup that reveals otherwise. ii. The pattern formation of three peaks moving into the same area ($1.39400) with pullbacks in between shall be considered complete once the price closes below pattern support @ $1.37800 (Neckline). iii. The appearance of a Triple Top pattern at a critical zone as our previous Neckline @ $1.39400 predict the reversal in the movement of price action thereby indicating a further slide in price. iv. As the Key level remains our yard sick for bearish continuation, a further breakdown and retest of $1.38600 shall give rise to a new Supplication area for future selling opportunities and options to add to the existing position. v. Considering the strong Demand zone @ $1.38600, the early hours/days of the new week might see a price climb to test the Bearish trendline to incite further decline...Trade consciously!😊 vi. I am looking forward to the completion of a possible Harmonic pattern (AB = CD) on the weekly chart ( see chart below for reference purposes). Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSD | Perspective for the new week | Follow-up detailsWe are yet to take a position since price action negates the Bearish expectation projected in my last publication on this pair (see link below for reference purposes) as price broke out of the Bearish trendline to find a new high. The current structure appears to have clues that support selling opportunities as the price is at a zone that has accumulated bearish momentum in the past (since February 2021). The appearance of a technical reversal pattern within a major Supplication area ($1.39500/1.40110) that has had a resistance memory since May 2016 (see weekly chart) calls my attention to Bearish tendencies at this juncture in the market. Despite slumping earlier this week after Fed Chair Jerome Powell said rate increases were "a ways away" and the job market still had "some ground to cover", the bullish momentum garnered on Friday by the USD could be a platform for better days as anticipation of a positive consensus ahead US Nonfarm payrolls release is in the air! Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Double Top) | Trendline Observation: i. The Greenback resumed recovery with a strong reversal set-up that began on the 21st of July 2021 from the $1.36000 area (see weekly chart). ii. The line drawn under pivot lows in the last 8 trading days reveals the prevailing direction of participants in the market as price continued to find higher highs. iii. Double Top: The appearance of an extremely bearish technical reversal pattern within a major Supplication area ($1.39500/1.40110 - see daily chart below) as the price appears to have tested a peak two consecutive times ($1.39830) was later followed by a significant Breakdown of Neckline ($1.39400) on Friday. iv. I hereby suspect that the early hours/days of the new week might see a price climb to reject neckline to incite a risk of further decline for the Pound in the coming week(s). v. In this regard, I have identified a niche to go short around $1.39400/1.3900 as a breakdown of Trendline and Key level $1.39850 remains an area to affirm the bearish bias on this pair. vi. $1.39830 Level - (the peak that formed the Double Top) has a level of significance in my bearish expectations as this level is seen to have a memory of Bearish momentum that garnered over 200pips move in recent times (24th June 2021). vii. It is worthy to emphasise that the bearish perspective on this speculation could be a correction of the Bullish run that began on the 21st of July 2021 as participants who took advantage of the run take "quick profits" in anticipation of a rally continuation. viii. This been said, it is appropriate that we put into consideration the possibility of a rally continuation if the price remains above the identified Neckline @ $1.39400... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:6 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4
GBPUSD Entries + ExitsSlow markets call for widened s and r zones and trail stops. How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
by ExclusivelyFX
3
GBPUSD | Perspective for the new week | Follow-up detailsWith over 300pips in our kitty as predicted in my last publication (see link below for reference purposes); the Price is back at around $1.38ish - a level I advised that we add sell position ( see previous publication). The successful Breakdown of Key levels on the 18th of July 2021 emphasizes a risk of further decline in price for the Pound in the coming week(s). After almost a week of selling frenzy, the Pound experienced a phase of recovery during last week trading session to test $1.37800 with a Double Top structure appearing right at our Key level hereby supporting my Bearish expectation on this pair. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline | Reversal pattern (Double Top) Observation: i. $1.37550 (Demand zone) which held price "supported" for 15 days was finally broken to the downside on the 18th of July 2021 to impress the dominance of sellers in the market. ii. The Breakdown followed by a complete retest of this Key level will strengthen my bias for a sell in the coming week. iii. Double Top: The appearance of an extremely bearish technical reversal pattern at the Key level after the price reached a peak two consecutive times ($1.37800 & $1.37750 respectively)points at risk of further decline as a breakdown of Neckline @ $1.373000 confirms completion of a reversal set-up. iv. It is worthy to note that the Double Top structure shares a confluence with a 61.8% retracement of AB leg and Bearish Trendline with a high probability of transitioning into a Harmonic (AB = CD) pattern with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently at 61.8% Fibonacci retracement (with a possibility of retracing into 78.6%) of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ $1.34800 area. v. Below $1.37550 remains our yardstick to sell the GBP in the coming week(s). vi. Breakout/Retest of $1.37300 and $1.36900 shall be our two opportunities to add to the existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:6 Potential Duration: 3 to 7 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSD Buy SignalPattern: Channel Up (Fibonacci) on 1D. Signal: Buy as the price is printing a short-term Lower Lows sequence which is similar to the bottom formed on September 23, while the RSI is rebounding off a Double Bottom formation. Target: 1.4200 short-term (the Resistance) and 1.4800 long-term (the 2.0 Fibonacci extension level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Pablito1986z --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
GBPUSD | Perspective for the new week | Follow-UpIt has been over 300pips plunge in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are in the middle of a correction phase that might incite a further risk in decline for the Pound in the coming week! It is obvious that the British pound rallied a bit during the course of last week trading session but relinquished some of the gains during the latter part of the week and the rapid spread of the Delta plus covid strain in Britain has a high possibility of threatening the already delayed economic reopening, which may further incite fear of buying the Pound. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. A significant Breakdown of both the Bullish trendline and Key level @ $1.40000 on the 16th of June 2021 buttress a clamour for Bearish tendencies in the coming week. ii. I also noticed that the Bullish tendencies that began last week appear not to have the strength to push the price further after citing multiple rejections of Trendline/Key level @ $1.40000 on the 23rd/24th of June 2021. iii. Should price try to climb early in the new week, I have identified a niche for selling opportunity around $1.39740/1.41000 with confirmation below Key level @ $1.40000. iv. A Further plunge below $1.38000 (breakdown/retest) might welcome addition to the existing position. v. CAUTION: Considering the overall Bullish perspective on this pair, it is advisable that we remain extremely patient should the price remain above Key level... Trade consciously! 😊 Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:4 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSD Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price hit the 1D MA100 (green trend-line) and the Higher Lows trend-line of the Channel Up. Also the RSI entered the 1 year Support Zone. Target: 1.4800 (the 2.0 Fibonacci extension). Most recent GBPUSD signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> mused_Aurorah --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
GBPUSD | Perspective for the new week | Follow-upIt's over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and it appears another trading opportunity is unfolding as we await the completion of a reversal setup after multiple rejections of the Supply zone @ $1.42250 area in the last 25 days. The Pound edged lower during the Friday trading session but held a couple of pips above the Neckline (Key level) at exactly the $1.41000. Considering general parameters supporting a positive outlook on Federal Reserve monetary policy, the Dollar’s dominance across major pairs appear to rub on the Pound too with the intent of correcting the long-term Bullish perspective. Tendency: Downtrend (Bearish) Structure: Reversal pattern | Supply & Demand Observation: i. The appearance of what looks like a triple Top structure after price created multiple peaks at nearly the same level @ $1.4200 area indicate a possible price slide should the price move below pattern support at Neckline (Key level @ $1.4100) in the coming week(s). ii. Multiple rejections of the $1.4200 area in the last 25days signals that the price may no longer be rallying and that lower prices may be on the way! iii. In this regard, I shall be looking forward to a Breakdown/Retest expectation of Neckline for confirmation to join decline as below Key level @ $1.4100 remains a comfort zone for selling opportunity. iv. As it occurred on my EURUSD speculation, a further plunge below $1.4000 might welcome addition to the existing position. v. CAUTION: It is important that I state here that the overall perspective to this pair is Bullish (see weekly chart below) and if price remains above Key level, the whole narrative shall be rendered invalid... Trade consciously! 😊 Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 4 to 10 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSDAs I said in the last weeks ... If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent! if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips! You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration! THIS WEEK...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said! However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
1
GBPUSDAs I said in the last weeks ... As with EJ, GU consisted of the same patern W and 1 week chart and 1 month chart what makes me prepare for Sell 700-1000 Pips as I say for a few weeks! If we look into the left on the one-month chart you will see that even if he closed below level 1.42, Gu has climbed up to Zone 1,43700 before he descends 2300 pips! THIS WEEK...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent! if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips! You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
2
Gbp/Usd : Eyeing 1.4400-1.14500 handle ( April 2018 High/Top)Speculative sentiment index is less than 20% for Gbp pairs , hence more upside movement is likely . Technically, Gbp/Usd aiming at testing the 2018 high around 1.4400 handle. A lot of Sell limit orders will get executed from that level since is the major resistance and top of the range since many years . Trend : Up Signal (pending) : Sell limit 1.4400-1.4550 Stop Loss : Manual above 1.14650 Target : 1.35xx ( Fib support)
Long
by UnknownUnicorn13514545
1