GBPUSD is on a resistance zone on daily ... a break above the resistance would open the doors for further upside movement and we can target the highs and on H1 it is trading in a bullish pennant . a break above would signal buys and next resistance ...

Cable Update (GBPUSD)

Bulls are still facing resistance at 1.15830 - 1.15930 resistance zone ... Let's see wether we can break above the resistace or perhaps resume the downtrend and keep moving lower and target the lows

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I will start longing once the resistance is broken and will work as support

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bulls got stop and are facing resistance from 200 day moving average on H1 and 20 moving average on daily at 1.15750-1.15800 resistance zone and RSI indicating almost oversold market ... i am on the sidelines waiting for proper confirmating

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eurusd is on a support zone and is forming a three rising method candlestick pattern on H1 and had formed hammer and multiple dojis on H4 and the 20 moving average is working as support on daily at 1.15840 zone...

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EURUSD keeps going up but OBV is showing divergences ... we might see a reversal

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The data won't be published due to the delays caused by the US government shutdown

Cable Update (GBPUSD)

finally getting a breakout of this pattern but longs are risky since EU is at a resistance zone and 20 SMA will also work as resistance at 1.15900 and we also have the trendline resistance at 1.15850... i will wait for the resistance to be broken ...

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on balance volume is aslo showing minor signs of divergence which increases the odd of the pattern's validity

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Yeah it also resembles as a bullish flag or pennant and some might only notice the descending triangle

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we had a breakout of the trendline which is also the neckline of the head and shoulder ... i will wait for another H1 candle closer to confirm the breakout

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Yeah i am in the sidelines as well .. i will enter with proper confirmation

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EURUSD is at a resistance level .... we saw some bullish momentum after the breakout the the falling wedge but bulls faced resistance from fib 0.618 level ... and on h1 we have a head and shoulder pattern being formed at a resistance level .. .. a ...

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I'm looking for any sign of rejections at 1.15500 - 1.1600 zone which is a strong resistance zone .... eu has formed a morning star candlestick pattern on daily which is a sign of bullishness and the bull might be able to break the resistance zone ...

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straight to sl

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opened a long on EU

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eurusd has been trading in a falling wedge and RSI on H4 is oversold as well ... a breakout above could could signal a retest of the resistance at 1.15800 zone

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took this trade on friday last week and got stopped out but i still much potential for EU to go down ... i will look are confirmation before entering any short positions

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I will look for shorts at 1.16600-1.16800 if I see any kind of rejection .....

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EURUSD is trending in a downtrend .... we a symmetrical triangle formation on EU a break below would open the doors for further downside moves ...

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