GBPUSD - End of pushbackI bought GBPUSD yesterday night (6 hours ago) and will share what I see to decide this decision.
First of all, GBPUSD is undergoing a nice bullish trend, a strong one with respect to dynamic value area in D1. I noticed GBPUSD directed to this dynamic value (moving average) and prepare myself to check the signs of rebound from it. I expect this rebound, because I analyze the behavior of this GBPUSD. It is often to test resistance more than one when facing it. Coz GBPUSD just tested it one, the repetition test likely happen in near time frame.
Indeed, what I expect happen and my forecast, GBPUSD will potentially go again to 1.42440 to test this major resistance again. If it failed, then, market will go down again (sideways in D1). And before that happen, I will close my buying positions.
Remember, a chart is telling you and I about how the Institutions place their order, and how they move the market. By looking for their money print in your chart, you can ride the market with them and get money.
Happy trading
Currencytrading
What Are Impulse Movesyou might have heard me or David talk about impulse moves during our analysis, but what are they? in summary an impulse move is the first injection of buy or sell pressure off an area of sensitivity, taking out the limit orders that are within that zone.
GBP/CHF LONG trade This is our GBP/CHF trade that our members and ourselves placed at the London market open today, the GBP was a +3.9 and the CHF was a -5.1 so fundamentals was strong to the upside, what we saw was an uptrend off of our daily zone and double confirmation on the 15m timeframe at previous area of resistance which is now support, because we have all of our zones in place we know that we have free range from any major areas of sell pressure until our weekly zone, so our final target is there. after only 2 hours in the trade we saw an injection of buy pressure and was able to close out half of our trade at take profit 1 and move our stop loss to entry.
AUD/USD Weekly Inverse Head and ShouldersHere we have a High time frame analysis on the AUD/USD pair .
On the 1W TF we can clearly identify the formation of the Inverted Head and shoulders with the right shoulder to be completed over the next 24+ months
With all the un certainties around the world of course anything can happen and this pattern can completely fail like any other if a big event occurs and if 2020 is anything to go by then its definitely possible .
Despite that it will be interesting to see as the months go by how this will play out in the long term .
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GBPUSD 2021-02-27 (Daily Chart)GBPUSD outlook is bearish in the short-term...
Short limit Entry filled at 1.39054
With the next Support level at 1.377. Adding another short, if this support level fails.
Major support is at 1.34
Will it go down that far? Let's see...
Stoploss at 1.4270.
GBPUSD 2021-02-25 (Daily Chart)My previous long orders closed (see related chart below) and I'm now going short now, due to this nice pin bar candle on the 24-FEB close, however, the trend is still going upwards, so I might get stopped or not.
Major support is at 1.34
Will it go down that far? Let's see...
Short limit Entry at 1.4088
Stoploss at 1.4270
GBP/USD - LONG the GBP is at a +7.6 and the USD is a -4.4 - we have been waiting for a break of its monthly zone for quite some tine and we might finally see that in the next few days, we will be waiting for a break and minor exhaustion on a lower timeframe to look for price action and entry confirmation at previous high before placing our trade to the upside to our next weekly zone
GBP/JPY Long Trade we placed an entry on this pair last night due to continuous strength in the GBP and the weakness of the JPY we placed an entry at the 1h pin bar at the bottom area of consolidation that is also our 38.2% fib level, we have a tight sl giving us a 16/1 RR - sl is below our 50% fib and we are taking it to our monthly zone
GBPUSD 2021-02-24 (4hr)GBPUSD looks like the market made jump up 1.42.
There is a signal that this upward move may end sometime soon on the daily and 4hr charts.
My trailing-stop moved up nicely and may... eh...will most likely get me out the trade around 1.413
Preparing to get my shorts on.
CAD/JPY Trade Yesterdays CAD/JPY trade is making its way to TP2 today, we placed a buy limit order on this pair at previous high and our take profit is just above our daily zone giving us a R/R of 1:2, fundamentals were CAD+2 / JPY-2.8 and today the CAD is a +3.3 and the JPY is a -9, we knew that the JPY has been weak for a while now so this trade makes sense both on a lower timeframe and higher timeframe basis
GBPUSD 2021-02-23 (4HR)I've placed the 3rd limit order on GBPUSD at 1.4098
Both trailing stops from the previous 2 orders is following the market nicely.
The next resistance 1.41086 and I expect a drop down towards 1.3940 - 1.405 support levels.
As always, Plan your trades and Trade Your Plan!
GBPUSD 2021-02-22 (4HR)I've placed 2 limit orders last week on GBPUSD, both with a trailing stop with a set-and-forget as the trend has been going up.
It does look very overbought hence the very tight trailing stop so that it's "set and forget".
Major resistance will be around 1.40
With support around 1.3940
As always, Plan your trades and Trade Your Plan! ✌
AUD/USD headed to the down side AndrewTheSage reporting to you live. My charts are messy and colorful. I am not a financial advisor I use arrows and different types of fib levels to show what's going on.. I will not put up an essay. I feel if you can read a chart you can understand what's going on with price by showing you a visual effect. The Dollar is going up....notice as the dollar goes up notice the negative correlation it has on AUD/USD it's going down mirroring the opposite.
EUR / USD - SELL TRADE OPPORTUNITYEUR / USD - SELL TRADE OPPORTUNITY ON 4H TIMEFRAME.
It's Not A Signal, Just The Opinion.
USE 0.5% OR 1% MAX RISK ON ANY TRADE.
GBP/AUD ARE WE DONE WITH THE "M" RETRACEMENT ?We have a daily downtrend and we are approaching a strong level of resistance. I believe that the price will bounce from the trendline to complete his way downward. Also from a monthly timeframe we just completed a W formation pattern and the price is almost at the 50% FIB retracement, from that price we expect a strong rejection because it perfectly aligns with a strong resistance by the trendline. This is a 1/4.60 RR setup for the long term.
If you enjoyed this analysis smash that like button and share. If you have a different opinion I would love to hear about it in the comment area below.
Trade safe !!
OANDA:GBPAUD
AUDUSD will continue the uptrendFor some time, AUDUSD is still consolidating in the form of a symmetrical triangle before moving further up.
Note: Like and comment if my idea helps. Thank you.
EURUSD breakout to test 2018 highs Weekly perspective, $EURUSDEURUSD breakout to test 2018 highs Weekly perspective, $EURUSD. Weekly candle for past week held support and rallied into the end of the week with a bullish close. Look for 2018 highs next couple weeks in 2021. Strength in the EUR and Weakness in the dollar is expected with new US administration and the possibility of passing trillions more in stimulus.
XRP About to SlingshotXRP (Ripple) is not a crypto, it is a currency, and as such, it does not follow the rules of crypto.
Once the last exchanges disable trading (29th Jan 2021), supply will decrease, and there will be no resistance all the way to $15. Once that is reached, the next target is $150.
For now, people are panicking due to the SEC, exchanges are hurrying to disable trading (even after given a 5 year timeline to do it) - I find that really funny, because there is no judgement yet, only a mere allegation.
The SEC settles things with fines, which will not be a problem for Ripple to pay. Additionally, the SEC might force Ripple to burn their tokens (60% of the total XRP supply). I'm sure you can guess what such a huge reduction in supply does to the value of an asset.
-Hawk
EURUSD Long Trade Idea, $EURUSDEURUSD Long Trade Idea, $EURUSD breakout to test upper ranges marked out. OANDA:EURUSD
EURJPY ShortWe find the EURJPY graph as we can see it has broken in a very strong way the 125.37$ resistance and most probably it ends up reaching the 125.11$ resistance. From there we will wait for the next candles to analyze the different patterns, but what happens possibly is a correction, so my recommendation is to sell until 125.11$ and buy around that value always with a nearby SL since this second operation is a trade with some more risk.
short-term bullish dollar play UUPThe dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness.
It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line and let the other half ride. There have been some contrarian calls on Wall Street for a surprisingly strong dollar.
UUP is a way to play the bullish dollar. I currently have a vertical call spread expiring 2/19 with the buy-strike being $24 and the sell-strike being $26.
Weekly Watchlist Hey, all in today's watchlist we looking at the following Pairs:
1. AUDCAD
2. AUDJPY
3. CADJPY
4. CHFJPY
5. EURJPY
6. EURUSD
7. NZDCHF
Most of these pairs are close to setting up, however, we are just waiting for a little more development on the intra-days before getting involved. Please share your thoughts, and feel free to ask as many questions. If you would like to make contact with us you can visit our website at www.weatlthtip.co.za or you can send an email to dean@wealthtip.co.za.
