Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.3148, which is a pullback resistance level close to 61.8% Fibo retracement Our take profit will be at 1.3067, a pullback support level close to 61.8% Fibo retracement The stop loss will be placed at 1.12, which is an overlap resistance level. High Risk...
GBPUSD broke the quarterly low. HTF im looking for a sell setup but internally i think there's an opportunity to scalp towards supply zones. Here is a 15m supply and demand refined markups. I just posted 15m due to chart restriction on resolution.
Today the results of the US GDP (QoQ) (Q2) were released stating: Actual: -0.6% Forecast: -0.8% Previous: -0.9% The results were slightly bullish though economists believe that this is still well under inflation numbers and that the economy is doing better. Still investors and banks are worried that Powell may raise rates at the end of September. Tomorrow Powell...
GBPUSD buy area, medium risk great key lvl,fundamental, RSI over sell
Possible short position upon reaching the 50EMA and 50SMA. TP would be around lower low around the trend line at the bottom. Factor supporting this is UK GOV release of umemployment figure, outlooks does not look promising according to ONS due to COVID19 Constructive feedback is welcomed.
Get a chart up, find some key levels and look at how well price respects them and how many pips you could have munched on buying and selling off these levels... No indicators were used here, just nice clean charts. SIMPLE is better in forex and if anyone tries to tell you differently then run a mile ;p Think of it this way, we all know the world is corrupt so...