Technical Analysis 17-April-2019
According previous forecast price breakout support area and consolidate under That. Currently price has a return to This support area and we forecast bearish movement after This situation .
Price is moving toward higher line of main channel .This movement take place in a smaller channel .Price touched lower line of this channel and provide good opportunity for long position.Stop loss can take place beyond lower line of channel and take profit is around higher line of main channel .
If we have an overview over weekly time frame we can see a clear triangle pattern .price is moving toward upper line of this triangle over a drawn channel .Currently price is near middle line of this channel . in this way movement until 112.40 level is possible with a good probability .After breakout of this level 113.50 is Next level . In other way if price return we expect touching lower line of channel.
GBPUSD take place in a triangle pattern and channel .Currently price touched lower line of channel and provide good situation for buy. we forecast price breakout higher line of triangle and move toward upper line of channel .
Price take place in a triangle pattern and separated from upper line of triangle and go toward lower line .If lower line of channel breakout next target is lower line of channel .
Price is in a range area between support and resistance lines .We have a sharp movement continue between lines again .We have opportunity for long position with stop loss under support area .
Price is around drawn trend line . Currently it seems this trend line is broke but we are not sure about that .The best job is wait until get enough sings for this breakout .