Reviewing what happened with last week and whats possible this week. Going to let Monday Play out to allow the market to show its hand then get active. We are in a Monthly transition this week so do keep that in mind on this week's moves.
GU gave us great sale opportunities twice this week. As we get ready to close out the week i am looking for a low for the week to be established. so we can open next week with some kind of range we can work with to create a mid week high for another entry next week maybe. We cant predict the price. just move with it.
GBP/USD reversed its direction and declined below 1.2650 after rising above 1.2700 earlier in the day. Renewed US Dollar strength on the back of better-than-forecast Jobless Claims and upbeat PMI data makes it difficult for the pair to keep its footing. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders...
GBP/USD consolidates Tuesday's gains and trades above 1.2600 in the European session on Wednesday. The pair struggles to gain traction amid a resurgent US Dollar demand as risk sentiment turns sour. The focus now shifts to the Fed Minutes, BoE- and Fed-speak. The Relative Strength Index (RSI) indicator on the 4-hour chart retreated to 50 after rising toward 60...
I waited for Tues to play out and make a high. Now that it has been made we are expecting price to continue moving bearish. As we come into the London session we are starting to see signs of that bearish pressure to push it down. We will see if it keeps it up.
Been waiting on a nice sell set up on GU and looks like it might be finally happening. Monitoring price action to see if we will end up getting a opportunity for London session.
GU has been building up for this drop all week! Closely monitoring price for London open as we have GBP news just before open and USD news just before NY open. I'm thinking we should get a nice swing move to break the low that was created this week.
GBPUSD is showing a big red 4h candle in the resistance zone. I expect a move down from here to the support zone at the 1.26150 level. (Take profit line) Let me know what your outlook is on the GBPUSD!
The price is going to a major level of ressistance to a previous high. It also will find ressistance to a monthly down trendline. If we see a red candle next month it could possibly mean that we have a double top and we will see price moving down. It could be a good entry point for 1:5 RR (100-150 pips SL and 500 TP). Let's wait to find out!
Final pair for this Sunday evening is GU now as per our other USD related pairs we can see the news range clear as day, this again is a very telling sign as to what we want price to do within this range but as always we are not going to jump in head first, and we are using the new POI as we always do with caution! Iam overall thinking we are most likely going...
GU giving us a textbook markup here, we have a very clean internal price action move with a bullish short term swig higher, this is perfect to lead us into our overall swing range which we are expecting to sell lower, this will lead us nicely into what we expect for the USD pairs which is a sell off into a huge upside move. We are looking for sells from our high...
After our last trade of GBP/USD long, we now are going to play the move back down. GBP/USD broke the rising support line and went down but now retesting it so I think we will see a pullback and a retest of the target below at around 1.265.
GU is currently at a significant level. This region is favourable for short positions. I anticipate 0.38/0.50% fib level of retracement to be swept. This also aligns with daily FVG. This is not financial advice. Do your own due diligence. Longs are then to be expected as COT increases in long positions.
A very clean reversal setup here for GBPAUD we tracked this bullish move higher from last week, after fridays price action we have now seen a move out of the current range and into a new sell move. With this breakdown we can see that our order flow has shifted bearish at least for the short term, werre looking at our unmitigated supply to give us a smooth move to...
had strong rally upside , made double doji its strong reversal pattern, chance of nice RRR Strong resistance zone would be 1.213
here is a pound scenario we will see a Bear Move On Monday
We can see clear and classic formation supply/demand zone on 15 min where we can take clear short possition targeting two Take Profit points.