Strong selling pressure these past few days with price now sitting near where it opened at the beginning of the month. With price creating a false s/r potentaily attracting retail sellers into the market looking to capitalise from the bearish market, we anticipate a run on the stops of these sellers with a continued downward move towards 1.89250.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4128). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4128). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (149.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (149.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...
UK100 has been steady moves to the upside. It has broken out of a correction and making its move back up now.
GBPCAD BUY start: 1.76450 stop loss: 1.76031 take profit: 1.77783 span: 2-3 days
When GBPUSD will stop growing, Where to catch a sell, From where to buy? The answer is in this video!
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8595). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Looking for rejections around one of the fib levels to take this long!
At the moment, the GBP / USD currency pair is trading near historical highs of a 3-year period, which may indicate an increase in the activity of sellers and a further decline in prices. If you are looking for a place to sell GBP / USD for the medium term, this is an interesting area.
GBPAUD DAY SELL Downtrend trendline The pinbar reversed candle formed at and is located in the supply zone . Price is below the ema , it is clearly bearish . if you find this analysis useful, please support me with your likes and comments. If you have another analysis on this pair, please share it in the comments. Good luck