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Currecncy

GU BIAS: SHORT; ANALYSIS CHART: H1 & H4Hello traders, I believe some of you lost money yesterday thinking the cable would continue the bullish move, but unfortunately, the cable changed the direction. Today, the question is, will the cable continue the down move? Yes, there is an 85% probability that the pair could down to the level of 1.19418 or below. The bearish reversal signal is expected from the level of 1.20295. I think a resistance zone Is expected to occur around this level. I mean fake out, big banks, and smart money manipulation for the stop-loss hunt. Be careful when selling there. Look for the opportunity to sell from this level in the H1 or the smaller timeframe like M15 or M5. Finally, we remain bearish in the cable market as long as the price is below the trendline.
Short
by OraclePips
GBP/JPY Analysis - 1st Week Of April - JamesusdHello everyone! This is what i'm anticipating GBP/JPY does for the first week of April. Please feel free to leave any feedback or questions! - Analysis - Price is looking bullish on the weekly and daily TFs, breaking new highs etc. As for a long term perspective I am thinking price is going to reach 155 sometime this week or month. What I am looking for during this trading week is for price to retrace to either 152.7 or 152.5 at the beginning, then continue the bullish trend. The way the daily TF looks, it tells me that it should retrace to 152.5 before going up. I am going to wait for price to retrace and form a minor support on the 4hr. Then drop down to LTFs and start looking for buys. Once some bullish candles start closing in the direction of the trend, I will wait for an appropriate candle to form then take the entry. - Key Levels - 153.2 - Current high 152.7 - Strong Reaction level 152.5 - Buying pressure 152.3 - Buying pressure 155 - Bullish weekly target Disclaimer - This is my analysis, use it as inspiration. - Jamesusd
Long
by JamesCapital
2
The Power of double confirmation Double confirmation can be used on multiple timeframes and is a very powerful rule to add to your trading. instead of buying at an impulse move created by limit orders you are simply going to wait for price to come back and wait for a bullish candlestick formation, that can be a significant pin bar or bullish engulfing candle. this rule requires some patience but is very profitable and you will lose less trades too, i hope this post helps to to becoming more profitable!
by Trade_Rocket_Investments
2
GOLD BACK TO $2000Hey guys welcome to the trading week. Like I've been saying for weeks watch out for an upside move on gold, overall still very bullish price action, you can see every time it makes a move down, it quickly pushes back up. We have recently seen a larger pull back which was well needed and now I think that price can make its next leg higher again if not equal last high, my first targets will be around 2000 mark, then ill re assess from there. US elections soon will bring some uncertainty to the markets also which leads to the safe havens gaining strength. Things can change very quick though so make sure your always in touch of whats happening around the world and Listen to what price action is telling you.
TVC:GOLDLong
by jamison_fx
USDJPY NEW UPTREND?Hey traders I am currently looking at USDJPY making a slight pullback before making another possible move to the upside. As you can see on the 4hr time frame we have had a big rejection from that 105.000 area and now looking like the bulls have this in an uptrend. For every trend we need to expect pullbacks before price continuing on to new areas, I have marked out 106.000 as its a nice round figure and has shown to be very supportive in the past, a pullback to this level could create another great risk reward and take this pair even higher. We do have some news this week that may influence this and show us some nice volatility within the market. As always plan the trade, trade the plan... have a good week!!
Long
by jamison_fx
USDCAD HUGE UPSIDE POTENTIAL!!We have seen huge sell offs on the US dollar over the last couple months, as price is starting to slow down i think that USDCAD has huge room to the upside, if we can see some life come back to the USD. I have here a possible set up pending, ill be looking for buys off the support where i have highlighted. This move would create a nice inverse head and shoulders for a great reversal and risk reward. Ill update early in the week, good luck everyone ahead of this week!!!
Long
by jamison_fx
[NZDUSD] PULLBACK?Good morning Traders! From the technical point of view the pair could develop a corrective structure in short term. That said, the trend remains bullish at the moment, so we have to wait for the first signal (wave A formation) and we can try to take a short position on the technical rebound (wave B) with stop loss above the top. The corrective structure could also take the form of Heads and Shoulders , we'll see. If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care! Cheers.
Short
by TheAnonymousBanker
6
[Reversal] USDJPY setting up for bullish breakoutDespite the US dollar sliding most of last week, USDJPY did not selloff as much as other USD pairs. As a result, price has been able to maintain the ascending channel within the right shoulder of the inverse head and shoulders pattern. Inverse head and shoulders patterns can trigger a reversal in momentum if enough volume gets behind positive price action (PA). The head of the pattern touches a key level of support, ~104.60, which acted as support during major selloffs in early 2018 and 2019. Longer term (M/W), price continues to coil within the descending triangle pattern, again, 104.60 as support for the pattern. If positive PA continues and the inverse head and shoulders pattern is activated, price may reach the ~112 range. However, that would require breaking weekly trend resistance so be mindful if you are trading this pair. Overall market risk trends will dictate how trends turn out. It will be interesting to see if the Yen can maintain its safe haven status or if people will to the dollar.
Long
by tradingwithyg