The drawing process lines have a complete description of the case
After deceiving people, the price registered a fake breakout at the top of the trend, and then after removing the stop-losses, it quickly entered its downward position, and now it has trapped many people, and now it is time to climb.
Last nights GBP news was not enough to make price push to give us a solid entry on the bearish move. We are looking for reactions to FVGs just above the previous daily high before considering any entry.
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance level. Pivot: 1.3046 1st Support: 1.2944 1st Resistance: 1.3181 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...
by Zoom out and look at the daily timeframe we can find real destination. - Look at the shadows, it can indicate oversold and high liquidity, But you have to act smartly and be careful of traps and nets that spread news
waiting for price to confirm it is ready to move bearish. Now we have news scheduled next session. I shall wait for news to pass and see how price reacts.
GBP/USD is falling towards the support level which is a pullback support that aligns with the 127.2% Fibonacci extensions and could bounce from this level to our take profit. Entry: 1.3044 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Stop loss: 1.2975 Why we like it: There is a pullback support level that...
THIS IS MY SETUP FOR GBP NZD I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4. Trade carefully This is not financial advice, DYOR.
Been waiting for price momentum to shift. Now looks like we have it. Have to wait out the next day to see if they are ready to keep moving in a bearish direction.
The GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions. Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by...
EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84550 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.84913 Why we like it: There is a pullback...
Price have been touched FVG zone and now is in down trend progress
Simple and Easy trade Setup with Minimum Risk. Evidence is must before taking any entry. Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folks
Hello hello, We have a short trade idea on GU for the coming week, anticipating the next 12h candle. I am expecting a move into at least one of the iFVGs on 12h timeframe before a move lower with multiple targets graded by my probability hierarchy. Last week we had NFP which took price to a relatively high level. As is said, "The bodies tell the story and the...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gbpaud managed to break higher and watching for long setups.bis to the upside Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.10400 zone, GBPCHF is Trading within the above pattern an currently is approaching the pattern support. Trade safe, Joe.