Skip to main content

GBP/USD FALSE BREAKOUT

Hello everyone below is a well defined FALSE BREAKOUT that was notice on GBP/USD three(3) weeks ago and finanly completed it's formation last week as price broke below key support at 1.3203 level.

Breaking below such zone qualifies the parttern bearish and this may see the GBP/USD in all time lows to 1.2815 level!!

      

Comments

Post a Comment

About Chiejine Victor

My photo
chiejine victor
Ojo, Lagos, Nigeria
Chiejine Victor founder of Financial Career Fx is a young full time forex trader (TREND ANALYST) He studies the market in daily basis. He set to define that Technical analysis is more important, an art form and less on science. The fundamental of victor’s approach to Technical analysis illustrate the existence of an inefficient market model (PRIMARY TREND)!!!!!!!!!!

Popular posts from this blog

FIBONACCI BOTTOM

Analysis As Of 18th March 2018 Hi everyone!!!  Having a view of the chart bellow, a well captured FIBONACCI  BOTTOM chart pattern, completed it's formation as last week trading ends bullish. This leads to large change in trend from bearish to bullish which started from 2016 high at 1.4689 level as a result of bearish secondary move. And finally end it's bear move at last week trading as the currency breakout 1.2916 level ( that should be two years of bearish trend interval). The chart pattern starts it's formation at 2017 low 1.2061 level ( Green cycle) followed by a strong reaction rally that lead the currency to 1.2916 level ( which stand as breakout line) the bear tried to continue it's primary course but fails to close below 1.2061 level and formed a higher low at 1.2249 level (Green cycle) this followed by another strong reaction really which leads to change in trend as 1.2916 was bridged (breakout line) After some sort of correction the currency is ...
Post a Comment
Read more

HIGHER LOW WITH BULLISH PIERCING PARTTEN

The weekly chart below shows a well defined higher low (green box) at 1.2310 zone.Which stands as a strong support zone from the bearish SECONDARY trend that begins last year April 2017. The USD/CAD may see some range bound within 1.231 to 1.2858 zone. NOTE: Any break above 1.2858 zone will change this currency bearish SECONDARY trend that start from April 3rd 2017 to new bullish trend (Primary bull trend begins). RISK DISCLAIMER RISK DISCLAIMER
Post a Comment
Read more

BULL TRAP ON USD/CAD

Analysis as of 29th October  Hello everyone, good sell sutup surface at USD/CAD on weekly chart wich will be aming at +700pips in time to come!!!! As of april 30th 2017, the USD/CAD begins it's bearish move afer some large reation rally. the currency fell till 3rd September 2017. The currency begin to see some strenght and this result to some reation rally( bull move) for two months hiting a strong resistance zone which stands as a mojor zone at 1.2858 level. A false move was spotted at the major zone (1.2858) as price break pass zone but could not close above zone. Which result to a well defined BULL TRAP ( false breakout ) this may see the USD/CD around 1.2005 in few weeks or months to come Risk Disclaimer
Post a Comment
Read more