Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31650 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31650 area. Trade safe, Joe.
The market has responded to a bearish divergence on the 1H chart, leading GBPNZD to pull back from a key resistance zone. After reaching the strong resistance level of 2.12700, the market formed a daily long-tailed bar, signaling a rejection of that level. Given the overall bearish trend and the appearance of a large bearish candle, the market is likely to...
EUR/GBP is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8455 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8491 Why we like it: There is a pullback resistance...
The price is reacting off the pivot which acts as an overlap resistance and could reverse to the 38.2% Fibonacci support. Pivot: 1.3179 1st Support: 1.3045 1st Resistance: 1.3266 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Based on our profitable private trading indicator, there has been a SELL Signal at a resistance level which now means the GBPUSD is ready to drop! This is the perfect time to sell and take profit at the next support level
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 190.300 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 190.300 support and resistance area. Trade safe, Joe.
The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached. Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.
GBP/AUD made a good jump from the 1.93 resistance zone. At first glance, the move is sharp with good momentum indicating the 1st wave of the 5-wave impulse pattern. We believe that the price will keep its momentum until it reaches 1.97(first target) and 2.00 zones. Our technical view has been shown in the chart. If you like it then Support us by liking,...
Great signal out of the EURGBP pair last time we analyzed it (June 25, see chart below), as the price hit and even surpassed our 0.8550 Target: Following that High, the pair collapsed and is about to test Support 1, which technically is Lower Lows region for the long-term Channel Down. As long as the 1D RSI Higher Lows trend-line holds, we will look for a buy...
The GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout...
GBP/CAD has reacted off the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.7696 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.7638 Why we like it: There is a pullback support level that aligns with...
The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 38.2% Fibonacci support. Pivot: 1.3179 1st Support: 1.3033 1st Resistance: 1.3266 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex...
The price is rising towards the resistance level which is a pullback resistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3155 Why we like it: There is a pullback resistance elvel that is slightly above the 23.6% Fibonacci retracement. Stop loss: 1.3190 Why we like it: There is a...
GBPCAD has formed an interesting Head and shoulder formation break and we'll probably see a sell off at previous pivot point making a good target.
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GBPNZD will maybe retest lower support, making a good target for sellers, clear bear flag formation
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.31800 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.31800 support and resistance area. Trade safe, Joe.