EURGBP SellEURGBP reversal signs approaching a supply zone.
The market is a little bit choppy
Same trading tactics.
Gpb
GBP USD. Buy My oppinion for thir pair, Brexit news may still be a booster for the pound price,
while the USD was pressured by the positive news about vaccines.
How do you think?
Planning a second attempt at GBPAUD as price recovers
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
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
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
GBPJPY LOOKS TO BREAKDOWN Depending on new chart study looks that GBP-JPY looks to breakdown.
Have good time all(:
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EURGBP RUNNING +12% / 300+ PIPS EURGBP STILL OPEN
Current place is running at +12% account gain based on a 1% risk.
Will continue to hold until a reverse signal is printed.
GBP/AUDPair is hovering around .618 fib level. Just needs some momentum to get this going. Small break of trendline could send it on its way.
Strong support below.
GBP/AUD Looks to me like it's going to break resistance I believe it's about to trap some shorts...
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EUR/GBP Short SetupEntry --> 0.9055
Stop Loss ---> 0.9103
Take Profit--> 0.8879
Risk/Reward --> 3.7
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
GBPUSD. Long Trade Plan. Hi guys, I think there will be a touch to the key level and a bounce from it in the long position , this level had a bounce at 5 touch points in both the short and long positions.
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EURGBP could continue the drop | 11 June 2020 EURGBP trades well below the bearish trendline and could continue the drop.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
I am Targeting Towards: $1.706139 for GBP/CAD PairFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said support outweighs the resistance. I am currently confident in growth correlation for this Forex pair and the target can be met for a quick profit turnover. I think the current market pattern feels obvious, and if you traded Forex you would see what I mean.
GBP/USD potential for further upside | 28 May 2020Price is approaching our first support in line with our 100% fibonacci extension and 61.8% fibonacci retracement where we could see a further push up to our resistance level. RSI is showing signs of bullish pressure as well.
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.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
GBPUSD testing resistance, potential drop! | 27 April 2020Price is approaching our first resistance, in line with our 50% fibonacci retracement where we could see a reversal below this level to our take profit level. We will also be posting the written version, linked below. Please also leave a comment below on ideas you would like to see next!
GBP/USD approaching support, potential bounce! | 20 April 2020GBP/USD is approaching our first support and we could be seeing a bounce above our buy entry to our take profit level. Our video analysis is up too, so please refer to that for a step by step guide on how we get those levels. Also let us know what you would like to see next :)
