Consider selling GBPUSD SWING TRADE based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Hey Trader, Check this out on GBPUSD, it is in a weekly range and it just made a new retest of the upper band of the supply band since it last touch 15th of Dec 22. This might worth your time, keep a close tab on it
Hey Traders, Obviously GBPAUD is madly bullish on 1D, 4H and 1H! No single doubt about that. However, on 30Min TF, it just broke structure, and that is very important cos 30Min is the fractal TF 4H and 1D traders uses in executing their trades, but that is not the show! On 1W TF, the price is trending in a Symmetrical Triangle, and that spiky s**t we saw last...
EURGBP on the 4h chart is trading over a support zone. The market after many test over it might be breaking below in the last trading day of the week. According to Plancton's strategy IF the price will break below i will consider a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
EURGBP after the recent test of the lows started the trading week with a move to the upside. The market is testing the resistance and according to Plancton's strategy if the market will provide us a sign of inversion we ca set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
The price was in a mini range at the resistance on the 1H range, idea was to take a sell for the price to hit the support level at .720, Took an entry, price hit TP1 so I moved my SL to BE, new hour candle wicked up.. stopped me out and continued in my direction.. Live and learn, I need to be cautious about a new 1H candle and bare in mind that EU trading starts,...
Bat Pattern Elements: • B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement. • BC projection must be at least 1.618. • AB=CD pattern is usually extended. • 0.886 XA retracement. • C point with range between 0.382 and 0.886. Harmonic Trading: Volume One
A GOOD LEVEL FOR A EUR REVERSAL HERE WITH GBP LOOKING DUE TO MAKE A PUSH BACK AGANST SOME OF ITS MAJOR COUNTERPARTS. A STRONG SELL AREA. WE HAVE ENTERED THE TRADE SHORT. GOOD LUCK
Main items we can see on the chart: a) The price was on a descending trendline and reversed after facing a major support zone and the lower trendline of a descending channel b) We observed a corrective structure (yellow lines) on the edge of the descending trendline before the breakout c) From the current level, we expect a bullish resolution of the...
EURBGP makes history, easy short I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would...
EURUSD broke out quite sharply yesterday - i am expecting this market to test prior lows since we have momentum weakness all across the board and overall the market is bearish trending from 2017. I am looking for lower degree time frame corrections to build shorts. Keep a close eye on this market. Trade Safe!
USDCAD TWO POSSIBLE SET UPS SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone) SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line...
swings analysis check us out this is only resistance further sessions we will cover more greater details
So we have 2 months down trend. On daily timeframe we can see a nice forming channel, maybe 0.50% fibonacci will hold we have brn ( big round number 0.7500 ). Next potencial long opportunity is at 0.618% fibonacci hold, daily demand zone.