GBPUSD is facing bullish pressure from 1st support at 1.41270, in line with 38.2% fibonacci retracement and horizontal swing low support. We could see a bounce on the 1st support level towards the 1st resistance at 1.42074 which coincides with the 61.8% fibonacci extension level. EMA is also suggesting that the price is bullish.
Here we have an interesting opportunity from a reversal candle on D1 Yesterday GBPCAD closed very strongly down, leaving a long queue at the top before that. In this way he managed to absorb the day before. Viewed on the H1 chart, this represents a break of the upward trend. At the moment we can expect a correction and test of the resistance levels, after which...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD 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 (1.7785). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Looking for a reaction off the H4 50 EMA and the 50 fib level to push GBPCHF higher
GBPAUD 1.77505 buy area, medium risk Great Key lvl, trend line, for some revers
Gbpusd BROKE OUT OF THE RISING CHANNEL AND IS CURENTLY RETESTING THE BROKEN RESISTANCE LEVEL THAT SHOULD ACT AS SUPPORT. LOOKING FORWARD TO A CONTINUATION TO THE UPSIDE
if pin barr is clear in D1 time frame sell signal is conform with 90% rsi is 80+
GBPNZD long in line with the strong pound and trend direction.
Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong? 47 Week High! Is a new 52 week high the next victim here? Some interesting Price action here now midweek across the GBP Pairs. There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current...
We had thought we had posted this chart yesterday again but we hadn't Anyway As per our HEAT MAP, You can see GBP has held first place for Many weeks now, & CHF along with JPY have been fighting between them as to which keeps last spot as the WEAKEST of the Majors. Our earlier PRICE Target were Met and EASILY EXCEEDED Keeping things simple we will be looking...
Hey guys, The pair broke its corrective pattern 2 hours ago to the downside. The previous demand zone has shifted to a supply zone implying that selling is ongoing. I am selling at the market and will target the 127.2% fib level which is the next demand zone. The RR for this trade is above 2.5. Trade at your own risk. Cheers,
GBPNZD is moving inside an ascending channel. The price is now approaching the lower trendline. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡...
Welcome back Traders, Investors, and Community! If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button - Here we can see in the Weekly timeframe a formation of Bearish BAT Pattern. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Good trading at everyone!
Good morning traders! Today we bring you a long-term analysis of the GBP/AUD pair, along with a short-term vision to show you where we recommend taking a bullish position in case you are looking for a trade in that direction. 🔸The price has been in a bullish channel for four years, and a few weeks ago we saw a retest of it. 🔸From there, the price generated a...
SELL : 149.61 TARGET 1 : 149.41 TARGET 2 : 149.11 TARGET 3 : 148.61 Stop Loss : 151.11