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Will the pound usher in a big rally?Because of the banking crisis and the expiration of the US debt ceiling, the market has exacerbated concerns about the risk of an economic recession. Looking at the world, the Ukrainian crisis, the European energy crisis, the food crisis and the refugee debt crisis, economic recession is actually inevitable, so the pound will not go into a bull market. Judging from the recent trend, although GBP/USD has pierced 1.250 many times, they cannot effectively stand above 1.250, so it is easy to stage a market that rises and falls at this position, so for short-term trading, it is still possible to short at a high level host. In today’s trading, the trading signals I announced on the channel to buy more gold around 1980 and 1976 all reached the stop profit target at the 1986 line. The trading signals in the past two weeks have achieved comprehensive victories, and the results of 0 losses are enough to make We reap satisfactory profits. In trading, whether it is gold, crude oil or foreign exchange, I have the ability to satisfy your desire to make money. I have published detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel
Short
by Short-term-king
GbpJpy -> Be Careful HereHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is approaching a quite strong and obvious previous weekly resistance area exactly at the 169 JPY area. You can also see however that market structure and moving averages are still quite bullish so I just do expect a deeper push into the resistance zone, followed by a short term rejection towards the downside but then I definitely do expect more continuation towards the upside again. On the daily timeframe you can see that GbpJpy just broke above and retested a previous daily resistance area which was turned support so I am now just waiting for a deeper retested of the 169 JPY area before I then do expect also a short term daily rejection towards the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
39
The pound may have downward demandAfter a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior. According to the current market structure, it may be more difficult for GBP/USD to continue to rise, and the daily line is expected to form a head-and-shoulder technical pattern, which will exert pressure on the future market structure and limit the technical upward space of GBP/USD; Moreover, the technical repair of the daily line is far from being in place, so GBP/USD is still in demand for a decline. In the short term, pay attention to the resistance near 1.246 above.
Short
by Short-term-king
EURUSD 100pips Move!! EURUSD is gearing up for the next impulse. Unlike every other trades, current EU setup is backed up by D1 and every level and signals inside the SUITE SYSTEM. We expect EU to make a Higher High for the Divergence leg to print properly. There's a of money here on EU not only on the LONG but on the SHORT to come. Right now we only have a CONFIRMED ENTRY on EU currently. #1 ENTRY (Risk Entry, Good Reward) -: none! #2 Entry (Confirmed Entry, Minimal Reward) -: It's safe to enter LONG here as we are currently trading ABOVE the BASELINE. INVALIDATION Go in with a 50pips Invalidation or use the ALERT system inside the SUITE INDICATORS to send you a notification when setup is invalidated. TARGETS We are expecting a HH, profit can be locked in when we hit the previous high forming a DOUBLE TOP! P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
Long
by TheHOODofCRYPTO
EurUsd -> What A Beautiful SetupHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that EurUsd just with last week's candle perfectly broke above a major previous weekly resistance area exactly at the $1.095 area. You can also see that the next potential weekly resistance is exactly at the $1.12 area, so I just do expect more continuation towards the upside from the current levels to then retest the next structure area before we might then see a short term correction. On the daily timeframe you can see that EurUsd is currently perfectly retesting a previous daily resistance zone, which after last week's break is now turned support, so also from a daily perspective everything is pointing towards a next bullish impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
45
Will the pound usher in a bull market?The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy crisis, the food crisis and the refugee debt crisis continue, and the recession is inevitable, so the euro and the British pound are likely not to go into a bull market. In addition, judging from the current structural trend, GBPUSD has rebounded sharply after a sharp decline, so the lower support is not very strong, and there is a need for a second fall to verify the lower support, so GBPUSD still has a need for backtesting in the short term. In the short term: pay attention to the resistance of 1.245 above, and observe the defense of 1.238 below. I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Short-term-king