GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
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DislikedMy view... Anything can happen on Monday. I actually expect a gap up when market opens due to Friday night market news. Not to much but still a gap. Very likely is also a test of TL/124.5 area with Dynamic support in 20 EMA 4H, 153 EMA Daily and 20 EMA Weekly. Bullish look with some obstacles on the way. GBP News on Monday morning will accelerate or decelerate Price across 125.5 and 126.4-5 resistance. If Price slide easily through those levels I might reconsider my 127 TP area and push it higher, especially if market is copying Jan/Feb this year...Ignored
Quoting SilvaaDislikedHello
Beautiful six trades GBP / JPY Buy 728 PIPS, but I think the market will go down now does not agree?Ignored
DislikedWe will see For now there is no technical sign for short. However, if Price will fall below 124.47 and keep falling through 124.2 ... if we'll see 1H chart momentum decreasing then yes, further down is always possible. The Price behaviour after the GBP news on Monday will decide direction. If News will be red but market will instantly fall only a few pips then North is still a way to go.
This is just my view. I have blown many accounts in the past!Ignored
Quoting SilvaaDislikedHello
Thank you in advance, but we already have a fractal h1 low to 124,964 despite being above 50 rsi.Ignored
DislikedThis is what I am expecting this week.
A short on Monday (bull trap formed with thursday and friday's candles and confirmed when Friday's low is taken out) - shorting until the pink line (retest of weekly IB candle high and 161.8 bearish fib) for a long later on in the week.Ignored
DislikedWould you say that if Price goes North beyond Friday's top that last two bars are not Bull trap?Ignored
DislikedHi guys,
Am i wrong in thinking this is due some sort of pullback before heading further north?
Its been in uptrend since 10th and has risen by over 300 pips..??Ignored
Dislikedat least in the shorter time frame I think 125 is a strong resist level. could drop to 124 range. I would not rule out drop to 121 either. current trend is up and cant be ignored either.Ignored