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GBPUSD Potential Sell Entry

mentorbd Publié 11 aou comme Analyse sur GBP/NZD, Cible: 2.3272, Date: 1 de octobre, 12:00 GMT dans #Technical analysis #GBP/NZD

Here are two chart For GBPUSD Trading Entry Level indicators as below as -
Two weeks ago the pair gave us a nice bull flag on the 4 hour time frame . Upon breaching resistance, the pair ran for 540 pips before finding selling pressure at the multi-year high at 2.4025.
I want to emphasize the fact that the Double Top Pattern shown below is not yet an active setup as the neckline at 2.3155 remains in tact. Only a close below this level would confirm the topping pattern and open up the potential f…

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GBPNZD Breaks a Four-Year Resistance Level and More Bullish

mentorbd Publié 28 juin comme Analyse sur GBP/NZD, Cible: 2.4060, Date: 3 de août, 12:00 GMT dans #Technical analysis #GBP/NZD

This was a significant close for a couple reasons. The first reason being that this level has acted as key resistance for more than four years now. Since April of 2011 to be exact.
The second and possibly more significant reason is that this close confirms the Inverse Head Shoulders that has been forming for the past four years.
The weekly chart illustrates the pattern well.
While this may not be the cleanest inverse head and shoulders pattern, it certainly has huge implications for future price…

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GBPUSD Potential Sell Entry

GBPNZD Breaks a Four-Year Resistance Level and More Bullish