The GBPUSD pair gave us an excellent sell entry exactly 1 month ago (July 23, see chart below) and easily hit our 1.2790 Target: Yesterday it reached the top of its 10-month Channel Up and technically that is the new Higher High and the strongest sell signal since March 08. That Higher High rejection initiated a Bearish Leg that bottomed just below the 0.618...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84800 support and resistance area. Trade safe, Joe.
Welcome to you We have changed of character And we made sweep And we have strong seller So I think the price will complete its direction
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31100 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 1.33100 support and resistance area. Trade safe, Joe.
No current refined POI for entry, but I am fairly confident on the current target. Stoploss below the current swing low. It is pretty straight forward. Price is following OBs and BISIs, and is on course to take out the immediate swing high. The target is a NWOG area, similar to what we saw on EURUSD in the past when it made its most recent high. - R2F
GBP/JPY has reacted off the support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 189.50 Why we like it: There is an overlap support level which lines up with the 23.6% Fibonacci retracement. Stop loss: 185.03 Why we like it: There is a pullback support level which...
GBP/USD is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3141 Why we like it: There is a pullback resistance level which lines up with the 127.2% Fibonacci extension. Stop loss: 1.3287 Why we like it: There is a resistance level at...
The dollar is under pressure, with persistent selling pressure driving it to new yearly lows across several currencies, including the pound. A recent revision of jobs data revealed that U.S. job growth was significantly weaker than initially reported, with 818,000 fewer jobs added (for the year ending March 2024). This huge downward adjustment, the largest since...
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.10300 zone, GBPCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.10300 support and resistance zone. Trade safe, Joe.
Based on the private market prediction indicator attached to our chart + our own analysis, the GBPUSD is believed to head to the upside within the next few hours and hit a new resistance zone. BUY NOW
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could fall to the 1st support which acts as an overlap support. Pivot: 1.3044 1st Support: 1.2939 1st Resistance: 1.3106 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...
The GBP/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Pennant 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 1.7705, positioned close to the breakout level....
Been waiting for price to find its current ceiling. Waiting for London session to see if things want to turn fully bearish.
The GBP/CHF pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Pennant 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 1.1195, positioned close to the breakout level....
GBP/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.77176 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Stop loss: 1.78211 Why we like it: There is a pullback...
GBP/CAD is reacting off the resistance level which is a pullback resistance that aligns with the 88% Fibonacci retracement and could potentially drop from this level to our take profit. Entry: 1.77176 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Stop loss: 1.78211 Why we like it: There is a pullback...
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for a pullback to long. daily chart it has hold on to the uptrend line, last few days momentum was to the bull side. Looking at setups for long on this. Also for Eurusd. Do check out my recorded video (in trading ideas) for the week to have more explanation...