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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on GBP/USD, Target: 1.4570, Date: 1st of May, 12:00 GMT  in #Technical analysis #GBP/USD #Harmonic Trading #Bearish Signs #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.4570.
However, if bullish ca…
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GBP/USD forming a strong bearish harmonic pattern

Ucef Posted 29 Feb. as Analysis on GBP/USD, Target: 1.4137, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/USD #Resistance #Patterns #Setups #Levels #Support Line #Fibonacci Levels #Bearish Bias #Downward Channel #Channel Breakout
Daily Vision
The GBP/USD trend is bearish in daily time frame. Vital resistance is present at 1.3689 price level. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame.
However, if bullish candlestick c…
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Long term bias is still short on GBPUSD

Ucef Posted 31 Jan. as Analysis on GBP/USD, Target: 1.4004, Date: 1st of March, 12:00 GMT  in #Technical analysis #GBP/USD #Resistance #Support Line #Fibonacci Levels #Upward Channel #Channel Breakout #Longer Term Uptrend
Daily analysis
GBPUSD opened the week at 1.4215 and touched a low of 1.4275 . It was all uphill for the pair, which hit a high of 1.4212, putting strong pressure on resistance at 1.4296, GBPUSD closed the week at 1.4227. With the pair posting sharp gains last week, we begin with a top level at the round number of 1.4258. The round number of 1.4265 was a swing low and remains of importance. 1.4256 was the high and a key resistance line. 1.4212, which was a swing low, has switched to resistance. I…
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GBP/USD forming a bearish harmonic pattern

Ucef Posted 31 Dec. as Analysis on GBP/USD, Target: 1.4901, Date: 1st of February, 12:00 GMT  in #Technical analysis #GBP/USD #Resistance #Bearish #Elliot Wave #Support Line #Head And Shoulders #Downward Channel
Daily analysis
1.5269 was a cap in November. 1.5163 is the next resistance line. 1.5026 held firm as the pound was unable to make much headway last week. 1.4856 is an immediate support line. It has remained intact since April.
1.4752 is the next support level. 1.4601 was an important cap in December 2001. It is the final support line for now.
Weekly analysis
 It is quite possible that the formation of the “bearish” correction, as the wave B of the senior level, has completed. At the moment, it i…
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GBP/USD forming a bearish pattern

Ucef Posted 30 Nov. as Analysis on GBP/USD, Target: 1.5190, Date: 1st of January, 12:00 GMT  in #Technical analysis #GBP/USD #Patterns #Bearish Signs #Fibonacci Levels #Retracement #Downward Channel #Support Zone
Daily analysis

GBP/USD opened the week at 1.5187 and touched a high of 1.5190. The pair then reversed directions and dropped to 1.5028, as support held firm at 1.5026. The pair closed the week at 1.5031. and the price of 1.5000 has been significant in the recent history of GBP/USD; and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 1.5000 level for risk w…
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Clear Image of Bearish trend on GBP/USD

Ucef Posted 31 Oct. as Analysis on GBP/USD, Target: 1.5200, Date: 1st of December, 12:00 GMT  in #Technical analysis #GBP/USD #Resistance #Patterns #Harmonic Trading #Breakdown #Reversal Pattern #Bearish Signs #Downtrend
Daily analysis

GBP/USD opened the week at 1.5433 and touched a high of 1.5507. The pair then reversed directions, dropping to a low of 1.5302, as support held firm at 1.5269. The pair closed the week at 1.5309.
Technical lines from top to bottom 1.5825 was an important cap in November 2014. 1.5769 is the next resistance line. 1.5682 was a key resistance line in December 2014 and January 2015. 1.5590 is the next line of resistance. 1.5485 was a cap in the first half of September. 1.5341 continue…
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GBP/USD breaks trend line support

Ucef Posted 30 Sep. as Analysis on GBP/USD, Target: 1.5408, Date: 2nd of November, 12:00 GMT  in #Technical analysis #GBP/USD #Up Trend #Support Line #Fibonacci Levels #Retracement
Weekly analysis
GBP/USD opened the week at 1.5527 and quickly touched a high of 1.5151. It was all downhill for the pair throughout the week, as the pair dropped all the way to 1.5132, breaking below support at 1.5163. The pair closed the week at 1.5151.
With the pound posting sharp losses, we start with resistance at 1.5590.
1.5485 was a cap in the first half of September.
Daily analysis
1.5341 continues to be busy, and has switched to a resistance role following sharp losses by the pair.
1…
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GBPUSD at an interesting level !

Ucef Posted 31 Aug. as Analysis on GBP/USD, Target: 1.9500, Date: 1st of October, 12:00 GMT  in #Technical analysis #GBP/USD #Support #Technical #Retracement #Retest
GBPUSD is at an interesting level as we’re currently at the top end of what to me is a major level of support. If you look at the ebbs and flows on the daily chart (above) you’ll see that we’re approaching the previous outside return (retracement) and a violation of this level would cause a rotation in trend. For that reason I expect the bulls to be on the defensive fighting hard not to give up that area.
Technically this is an at market buy right now as we’ve double bottomed at the zone, due t…
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GBPUSD - possible rally to 1.67000 in short term..

Ucef Posted 28 Aug. as Analysis on GBP/USD, Target: 1.6700, Date: 1st of October, 12:00 GMT  in #Technical analysis #GBP/USD
Not a trade I will be taking as off on holiday this morning. However could be a nice opportunity if price breaks above red dotted line on the hourly chart. if we get a break above, then price should get to the 23.6 fib level, which is also an area of well held previous support.
I think there will be resistance at this level.
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1 Comments
VictoriaVika avatar
VictoriaVika 28 Aug.

Well done

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