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Trading Analysis of GBPUSD Today: 24th May GBPUSD did not reach the levels during most of the European trading session. So, the first sell signal was formed when the price rebounded from the 1.2596-1.2601 area. After that, the price went down by about 30 points, which was enough to put Stop Loss at breakeven. Support and Resistance Levels are the Levels that serve as targets when buying or selling the pair. You can place Take Profit near these levels. Red lines are the channels or trend lines that display the current trend and show in which direction it is better to trade now. The MACD indicator consists of a histogram and a signal line. When they cross, this is a signal to enter the market. It is recommended to use this indicator in combination with trend lines Important speeches and reports (always contained in the news calendar) can greatly influence the movement of a currency pair. Therefore, during their exit, it is recommended to trade as carefully as possible or exit the market in order to avoid a sharp price reversal against the previous movement.
Long
by filatovarthur
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone, The 1H chart we have been following last week has played out perfectly! Every level we identified got HIT in order of our analysis. We have now updated the 1H chart for this week with fresh weighted Goldturns and targets. We will be looking for EMA5 cross and lock to trade targets to each level. We have a candle body close above 1846, which opens a target for 1852, 1855. EMA5 lock will make this stronger and open 1861. Failure to break above this level will see price retrace back to test the swing range and inline with the Goldturn channel. BULLISH TARGETS 1852, 1855, 1861 BEARISH TARGETS 1846, 1839 SWING RANGE 1830 As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
19
GBP/USD sell continuation potential Daily: Bearish, price has broken structure twice forming large momentum sell candles that may need closing. 4H: price is bearish and broken structure forming a new 4H swing range. price is yet to pull back, ideally closing the 4H IMB, which would bring price back to the premium and past the 50% level. 1H: price is Bearish breaking 1H structure, price has yet to close the IMB but is very bearish, both on structure and EMA's. Assessment: place alerts towards the 4H IMB, and also the SL to catch the drop towards legacy structure support.
Short
by Eddie3026
AUD/USD Sell options Daily: Price has broken structure to the downside, as well as a Bearish ema crossover to the downside. Price is below the 100 and 50 EMA. price has pulled back to and pushed back down from the 50% Fib level. Daily: BEARISH 4H: price was bearish within the 4H, it did break structure due to fundamental events, but has since closed the IMB to the upside, price has formed IMB to the down side which may need closing and is currently sitting in a liquidity zone, with a wick down. 1H: Price is Bearish due to break structure to the downside and closed the IMB from yesterdays news causing downside imbalance. Assessment: I would like to see price retrace to at least the 50% with the 618 being the ideal sell limit order zone.
Short
by Eddie3026
1