Journal Update GBPUSD Bullish Flag Pattern
Hi friends, how is going on. Hope you all are doing great. Meanwhile GBPUSD formed very good bullish flag pattern that is very good for long trade. I think market move sideways long time and very soon there is very good possibility that market will brake its sideways movement. So if trader prepare themselves and find good trade setup that will be great for trader to enter into the market with GBPUSD pair. There is two possibility first on is market first move down and hit down side of the channel line again at 1.2700 support area then move up and the second on is market will move up directly from current level and brake the resistance level at 1.3010 area and going up and end the bullish flag pattern hitting 1.3200 resistance area. I think if trader stay with the trend and find good trade setup on lower timeframe that will show the direction and also trader can manage to make good pips with this trade setup.
GBPUSD Bullish Flag Pattern
Happy to see you on the trading journal I have seen your update about the currency pair gbpusd and I want to share also my part of knowledge on your trading journal. My dear friend this currency pair is trading in this support level that is 1.27 83 and I think so it don't have the potential to break it because the market is already being bounced from this level three times. And you have seen that as the USD index is also moving upward. But this currency pair is maintaining this level and I am agree with you that this will give us the opportunity to the resistance level. I use only this strategy to trade between the support and the resistance because these are the major points for the trading.
For a short term trading,i still don't see clear direction for gbpusd especially after i look at daily chart,gbpusd just moves in limited range,no more than 250 pips,if i try to trade gbpusd for a short term,i will wait until gbpusd break recent high or recent low. Maybe we will see the break out after UK election.
Hello Mate ,GBP/USD pair is potentially sell bias since Monday .For today ,after making a low of 1.2826 ,there was a pullback that approached resistance 1.2893 .This region happens to be a good sell entry point for interested traders .T/P at the start of this pullback 1.2825 .Let me wish you an exiting trading week .
Ladla- Trading Journal
Happy to see the analysis from GBPUSD pair whereas you have indicated a bullish trends and exactly that happens today though today we have seen some mixed movement from GBPUSD pair, there was some bullish and bearish trends and according to my point of view, right now i am looking forward here a potential buying opportunities with GBPUSD pair.
Actually GBPUSD pair is one of the hot pair on currency trading and because of higher movements from this pair, now a days I am away from trading with this pair and now looking forward a bullish trends from it by tonight.
Journal Update ERUJPY Gartley Pattern
Greetings friends, today is the last day of the week and hope you all are doing great with your trading and manage to make lots of pips. Meanwhile EURJPY is now moving up and it seems that market is bullish. But 121.00 area is very good resistance level and also very good supply zone is there too. I found very good potential gartley harmonic pattern on this 121.00 area. If market reach this level then trader can easily enter into the market with this trade setup and stop loss previous swing high and set take profit at list 1:2 risk reword target. I think this setup will work and trader get very good pips with it, best wishes to you all mates.
ERUJPY Gartley Pattern