Hello all my friends in this great community, today Thursday we started with good energy, doing my analyzes to share them with you, I will start with the pairs with the Pound Sterling. Hello, I spoke to you yesterday.
The GBPUSD is still there in the same lateralized range that I told you about yesterday, it has not had changes or made movements that give us to think about any entry, you just have to keep abreast of the price action so that at the time of the breaking of this channel let's not be confused.
Graphic GBP / USD time frame 1h
In the EUR / GBP we have the same trend, follow the lateralized movement of this pair, in the same way we must remain attentive to any movement outside the range, since any candle outside this channel could be the beginning of a new trend in this currency pair.
Grafico GBP/USD temporalidad 1h
In a new analysis today, I have the AUD / CHF pair that was the same as the pairs of Pounds that I speak, they were in a lateralized channel, you wonder why I like this type of pattern so much in the analysis? The answer is very simple, it is that most of the time when the price breaks this channel, it shoots with great force creating a trend either bearish or bullish, almost always this break is accompanied by a Pullback or a Throwback, which is the which tells us that it is at that moment that a position must be opened because the price is going to shoot up, that is our entry signal. As we see in the following graph, the price was lateralized, it breaks its resistance and this same creates our friend called Throwback, that is where we must position ourselves to buy, always looking for the closest resistance and placing the Tp a little before said resistance, since we are not sure if it will get there.
AUD / CHF chart temporality 1h
The next chart that was analyzed is the NZD / CHF, which curiously is the same as the previous pair, it formed a lateral trend, broke its resistance, formed a throwback as indicated by the blue arrow on the chart, and then possibly it will go to the rise friends, is what I hope for today, later in my next post I will be telling you how these lateralized pairs have behaved.