GBPUSD GBP/USD GBP USDGBPUSD has broken through our yearly open price and pushed up to 2019 yearly high. It looks to be turning over short, potentially to retest resistance turn support and continue moving up. However, we must remain patient as price can just as easily break back through to the downside and continue pushing down after testing 2019 high.
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GBPAUD - Full Analysis Breakdown Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on GBPAUD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went.
On behalf of Alpha Trading Group,
Trade safe and ill see you all in the next video.
USDCAD - Free Trade Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If you take a trade from the analysis in the video leave a comment in the section below. I would love to here how your trade went.
On behalf of Alpha Trading Group,
Trade safe and ill see you all in the next video.
GBPJPY GBP/JPY GBP JPYMy update on GBPJPY, as the pair has been ranging for the past day or two it has been slowly creeping upwards and has taken out the "tweezer top" that formed on the 13th of August. As this has been happening my daily bias has been edging towards a long position, if we see a clean close in the four-hour chart above said: "tweezer top" that will be my confirmation to buy. However, I am still looking out for a reversal formation as we need to be reactive, not predictive.
GHFJPYIn CHFJPY we have seen a break and potential retest of the trendline marked out. It then looks to have formed a "double bottom" and pushed back up to the "neckline". Will price break or reverse? I will be looking for a clean reversal from this level and them looking to short. However, if we see a clean break and retest i will be looking to enter a long position.
GBPUSD GBP/USD GBP USDAs we seem to have recovered from the COVID-19 pandemic, the price of this pair has been continuously rising since March; coincidently when British lockdown was introduced. It now happens to be approaching our 2020 yearly open with the anticipation to break and create a new annual swing high as the DXY shows serious weakness.
EURCAD EUR/CAD EUR CADEURCAD looks to have come back around to the annual high with a decisive rejection in a forming what may be a "double top" too short back down to 1.51000/1.50500. However, If these levels are not met we may see a break and retest of the "double top" and price continue long to a previous annual high of 1.61500.
EURGBP - Trade Idea Add this on to your watchlist.
Are we going to see the trendline hold. I am more biased to setup A as we have higher amounts of rejection from the Fib zone, we are not testing to break the lows from the sideways move.
I would like to see the pair shift direction to the downside as the GBP grows in strength.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful .
If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
USDCAD - Trade Idea USDCAD -
We can see the high amount of rejection from 1.3400 key level. The only thing stopping the swing trade to the upside is the resistance level at the fib.
We can short from here back to the downside with the trade if we get rejection price action. However if the pair breaks for the reasons highlighted in the chart we could be in for a nice long trade.
Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful furthermore, I hope it brings value to your trading.
If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner.
Trade Safe
Alpha Trading Group.
USDJPY - Trade Idea USDJPY
I will be expecting a pullback from the key level 106.00 to retest the support level that was resistance last week.
At this level I will be keeping a close eye on price action in the 1&4hr to see if we get a long trade setup.
Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful furthermore, I hope it brings value to your trading.
If you did like this free educational chart please like and follow the channel, there is lots more valuable content right around the corner.
Trade Safe
Alpha Trading Group.