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GBPAUD Overnight Sell Stop Setup.GBPAUD - Intraday - We look to Sell a break of 1.8119 (stop at 1.8157) With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals. Pivot support is at 1.8148. Expect trading to remain mixed and volatile. A break of 1.8120 is needed to confirm follow through negative momentum. Short term MACD has turned negative. The bias is to break to the downside. Our profit targets will be 1.8005 and 1.7981 Resistance: 1.8170 / 1.8200 / 1.8270 Support: 1.8140 / 1.8080 / 1.8000
Short
by Signal_Centre1
GBP-USD Daily and Trend AnalysisGBP-USD Daily and Trend Analysis It took decades for sterling to drop below the 1.4000 price mark well it looks like it may take another decade for it to break above that. The daily chart on the cable looks quite bullish for the past few days however the H4 begs to disagree seeing a closeup on the trend reversals, the UKs economy on the other hand haven't been too promising for a bullish sterling. In the coming days we could likely see price play around the 1.3---level but only for a while as the market is poised for a decline in price. Traders and investors will be paying more attention to the breakout below the consolidation channel of the ABC Elliot wave pattern at the price level of <1.28-- ❇️ Trend Resistance R1: 1.3100 🛑 Trend Support S1: 1.2800
Short
by nicholasilechie
GBP/USD Continuation of Fantastic Trade on CableIn this idea I will explain how you can enter GBP/USD (Cable) with a great risk-reward trade based on the technicals of horizontal support and resistance. Whoa. We had such an amazing trade here on GBP/USD last time using these zones, let's try to do that again. First let's quickly recap our previous succesful idea: We found confirmation on the resistance, and had a beautiful short trade. Currently, we are seeing the price lowering towards the support area. You could wait for some sign of support, or enter the trade now. Since the support area is relatively small, you can enter this trade with a great risk-reward. The second important thing to note is the interesting periodicity. Every 8 days, large moves seem to happen. Basically all important pivot points are around the 8 days period and the price is approaching another 8 day mark soon. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
11
EurUsd-Tuesday, February 25 | Support & Resistance with HeatMapGoodmorning! Here are the S/R Levels I keep an eye on for Tuesday, February 25. These are Price Points where you at least can expect some pause and possibly a Reversal. You can use these levels to frame a Setup or to exit an Open Position. The darker the area, the more likely Price has a difficulty to break through. My goal is to help you identify logical Entry/Exit Points or use them as Conformation in your own Trading Plan. When you have any questions or feedback, don't hesitate to contact me. Hope you appreciate my content 👍 Happy Hunting, Stay Safe! Warm Regards, Mariinus
by Mariinus