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Chyper

EUR/GBP : BEARISH CYPHER PATTERN IN D1 TIMEFRAME R/R 2.49% 🔔Welcome back Traders, Investors and Community! Analysis of #GBPCAD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Chyper With potential Max R/R 2.49 A clear chart is Always the best business card for a trader. *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter
Short
by FOREXN1
2
GBPCAD - Harmonic PatternsThe first harmonic pattern in the picture, which is bearish gartley (the letter W, pink), we can see the price fell around 70% retracement of the projected height of foot C to D. Maybe for moderate traders, they will target the profit on foot C (100%), then ... Yeah, the price touched that level. The next harmonic pattern, which is bullish gartley (letter M, blue), prices even went up more than 100% retracement of the projected height of foot C to D. The third one, bearish chyper harmonic pattern (the letter W, gray color), the price is currently falling 50% of the projected height of foot C to D. On it, we see a smaller harmonic pattern, which is bearish butterfly, which in this pattern the price is falling already 100% of the projected foot height C to D. Overall in the picture, we can conclude that the existing condition is sideways. In sideways conditions price can move anywhere irregularly, but within the limits of the lowest support and highest resistance. I predicted that price would continue fall to the lowest support point based on price action that is formed. From the candle side, we can see the dominance of the bearish followed by strong liquid volume. In terms of the third harmonic pattern, the price is still in the position of 50% retracement, the target can be 100% in a sideways condition. Note: I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis .
by daltray
2
GBPUSD Future ProjectionThis is GBPUSD Weekly Chart projecting A to B B to C and C to D legs. Please follow your own analysis I am just sharing what I have projected to come to pass. I will be doing more analysis with GBPUSD to confirm this. Long to 1. 48607 split trade into 2 positions and TP 1 at 1.45835 for position 2 set a Trailing Stop so the position closes in profit. No need to be greedy. Short to 1.34749 this might change later on split this position into several trades over the few weeks it takes to hit. Do one trade over the long run and several swing trades throughout the days and hours. Finally Long to 1.54150 for epic profits. This is my analysis my opinion. I will update. Good luck! -Sable
by Sable
3