Badrooh

Badrooh

This can clearly been seen that triangle has been broken. Friday was a big bullish candle. But seems like going to reverse soon to 1.11 level . Its my point of view. I can be wrong.

Badrooh

4h candle has been rejected on the double bottom zone

Badrooh

Blue line : Head and shoulder Yellowish lines : Rising wedge Note : If daily candle could not break above right shoulder , then aggressive trader may short it, if it doesn't then it can make a new high to confirm rising wedge . Bonus : Projected Decline is the TP zone which the strong support area.

Badrooh

GBPUSD short term correction is compulsory for big move. If it continues to goes higher, 1.41050 is stronger resistance than that is drew.

Badrooh

> Hit like if you agree. > NO doubt GBPUSD is in uptrend , but this is a time for correction. > You may disagree with the impulse leg, but this is my point of view.

Badrooh

As you guys can see that there are two odds that are in one favor. 1- ABCD pattern completion ( Can make butterfly/ gartley pattern ) 2- Rectangle Resistance has been met Like if you agree .

Badrooh

Rising wedge has been confirmed and support seems to be turned as resistance. Wait! if the candle closes below the support level, aggressive traders may sell, and conservative trader may double check or ( retest ).

Badrooh

as we know that our previous analysis on gbpusd has been reached to porentail target. now flag has been made and we have set our potentail target zone. " Potential target is calculated from the previous resistance which has been broekn to previous high"

Badrooh

If you give 2 mints to see picture you will understand the whole story, if you like it please comment.

Badrooh

Flag has been made and flags are mostly trend continuation patterns and it is witnessed that flag breakout is very explosive.

Badrooh

Looks a perfect time to go long. RS : Right shoulder LS : Left shoulder Blue vertical line: projected decline Green rectangle: Take Profit Faint Red rec. : Stop loss

Badrooh

For last 3-weeks , EU is fulfilling my expectations i have traded 2 times and got both of them deep ITM. On this situation E/U have made a kind of head and shoulder everybody can confirm this . my is idea is to short it to the resistance level which is mention below like a rectangle. after hitting the resistance area we will confirm further action.

Badrooh

Since last to weeks we have been watching bearish trend on EURUSD just because of Rectangle breakup. Now we have achieved Potential Reward of this breakage. and Euro looks like rebounding itself to make H & S . After making H & S , everybody know WHAT HAPPENS !!!!!!!!!!

Badrooh Updated 

Like i said last week . it is very good time to go short. you can say it " a break of rising wedge or A rectangle"

Badrooh

Because of rectangle break , there is an ideal situation to go short.

Badrooh

There would be a small pull back to make bullish divergence on RSI. market would rally up to resistance level and at that point i am gonna short it.

Badrooh

Butterfly is being made for bulls

Badrooh

This has been bearish last week and dropped about 16 % interest rate.