This is my first trade ideea for this month. While doing my analysis i discovered a very nice big range development on the GBP/JPY. I went through other yen pairs but this one seemed more prolific.Excepting the all recent rather chaotic move on yen croses i sow a rather predictble pattern on this one.From the looks of it we seem to have an inverted head & shoulders. I studied past price action and find some similarities. I found another moment very recent were after a range on a daily
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GBPNZD- Mirror Reflection!!!
Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.9475
GBPNZD is a pretty interesting pair if you take into consideration the fact that it has the tendency to reflect past movements like a mirror.If we take a close look at the chart bellow and pay attention we can some very clear similarities between past support & resistances zones. We have 2 major resistances at the same level (2.006) with a…
GBPCHF- Swiss Franc Strengthen's!
Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.4430
GBPCHF recent price action made 2 resistances at the same level (1.4820) with a +/-5 pips deviation, and encounterd a support at (1.4039) price level.Looking at the second chart we can see more clearly that we could have a possible range development on this pair on 1 Day time-frame, which could support my wiew that the swiss franc is…
GBPAUD - Double Top
Charts: 1 Day,1Week
Indicators: Fibonacii Fan Lines, Support & Resistance Level , MACD, EMA 200,100,50,Time Markers.
Current Level :1.6863
GBPAUD has formed a double top formation, as can be seen on the red background of the chart. The trend has pulled back and now looks like a bearish start up. Both tops of the double top formation have each stopped at a fibonacci fan lines. The current level is (1.6863) and recently the trend found a support at (1.6643) from which had a strong …
EUR/GBP Bearish Signaled by EMA
Charts: 1 Day,1Week.
Indicators: Fibonancci Fan Lines 1D,1W Time Frame ; ;Support & Resistance Levels,RSI,EMA200,50.
Current Level : 0.8356
EUR/GBP is in a channel down formation from 2009 followed by regular retracements.The pair encounter a major resistance at Fibonacci fan lines 1 W (0.8819) level from where it continued the bearish channel. We can see very well on the chart that recently EMA 200 cross with EMA 50 makes me belive the sell trend is strong & will continue in this dire…
Indicators: Fibonancci Fan Lines 1D,1W Time Frame ; ;Support & Resistance Levels,RSI,EMA200,50.
Current Level : 0.8356
EUR/GBP is in a channel down formation from 2009 followed by regular retracements.The pair encounter a major resistance at Fibonacci fan lines 1 W (0.8819) level from where it continued the bearish channel. We can see very well on the chart that recently EMA 200 cross with EMA 50 makes me belive the sell trend is strong & will continue in this dire…
GBP/CHF ASCENDING CHANNEL
Charts: 1 Day,1Week.
Indicators: ;Fibonancci Fan Lines 1D, 1W Time Frame ;Support & Resistance Levels,RSI,VOLUMEEXT
Current Level : 1.4626
GBP/CHF recent trend developments shows a potential ascending channel formation backed by recent higher lows (supports) and higher highs (resistances) as can be observed very well on the chart.Also Relative Strength Index is bullish on 1 Day TF showing that there is room for further bullish move.Volume gives us a hint showing that there is selling press…
Indicators: ;Fibonancci Fan Lines 1D, 1W Time Frame ;Support & Resistance Levels,RSI,VOLUMEEXT
Current Level : 1.4626
GBP/CHF recent trend developments shows a potential ascending channel formation backed by recent higher lows (supports) and higher highs (resistances) as can be observed very well on the chart.Also Relative Strength Index is bullish on 1 Day TF showing that there is room for further bullish move.Volume gives us a hint showing that there is selling press…
GBP/CAD BREAKING RANGE
Charts: 1 Day,1Week.
Indicators: Fibonacci Retracemets;Support & Resistance Levels,Trading Patterns,EMA 200.
Current Level : 1.6638
GBP/CAD was in a 3 years RANGE that was broken on 10 th September this month and from which we can expect the start of a strong bullish trend. Also the breaking of the Exponential Moving Average 200 on 1 Week Time Frame is a very strong buy signal for the cable.As a result i expect a long run for at least 600 pips until the major resistance zone folo…
Indicators: Fibonacci Retracemets;Support & Resistance Levels,Trading Patterns,EMA 200.
Current Level : 1.6638
GBP/CAD was in a 3 years RANGE that was broken on 10 th September this month and from which we can expect the start of a strong bullish trend. Also the breaking of the Exponential Moving Average 200 on 1 Week Time Frame is a very strong buy signal for the cable.As a result i expect a long run for at least 600 pips until the major resistance zone folo…