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GBP/USD Bullish Trade

FxRival Posted 9 Apr.  in #Trader's blog #Gbpusd
GBPUSD is coming lower, much deeper than we thought. However, decline is still looking corrective, then only question is if that's wave 4 or is it higher degree pullback, like wave two. In both cases we think that there will be a bullish turn in the next few days, but would need a break above 1.4096 to confirm a reversal and new push back to the highs.
The cable posted a white candle on the daily chart and a hammer on the weekly. They both point higher.
KEY LEVELS
SUPPORT RESISTANCE BULL/BEAR …
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GBP/USD Bat Pattern

FxRival Posted 28 Mar.  in #Trader's blog #Gbpusd #Bearish Bat

GBPUSD BAT pattern+ 0.618 pull back
The Bearish Bat Pattern already shows its power
Price make a deep fall from 1.4244 to 1.4066
therefore
we can find a pull back to short GBPUSD 0.20%
the entry zone is 1.4176-1.4224
use multiple entry to creat your position
and SL above 1.4250
TP1: 1.4066
TP2: 1.3800
TP3: 1.3550
A bat pattern has been formed and all indicators point out to a big short. The Bollinger Bands are very tight as well. MACD about to cross on the 2-3 and 4 hour Timeframe.
I'm taking p…
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GBP/USD Long Trade

FxRival Posted 19 Mar.  in #Trader's blog #Gbpusd

Buy above 1.3923. Stop loss at 1.3864. Take profit at 1.4068.
Reason for the trading strategy (technically):
Price has tested our buying entry and bounced nicely off it showing there are clearly some buyers at that level. We remain bullish looking to buy above major support at 1.3923 ( Fibonacci retracement , horizontal overlap support, bullish Ichimoku cloud ) for a push up to at least 1.4068 resistance ( Fibonacci retracement , horizontal swing high resistance).
RSI (89) has made a similar bu…
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1 Comments
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FxRival 19 Mar.

Trade Closed with 100 Pips, Subscribe my signal.

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