Gpbusd
GBPUSD 4 hour S/R tradeBetween April 3rd & 4th GU pushed through a strong 4H resistance level at 1.24.
- GU is currently trending higher and holding well above the 4H 200 EMA and
- retracing back towards 1.24 resistance level now turned support.
- 1.24 price level near the 4H 50 SMA level
- a pull back to 1.24 is a 50 retracement on the current swing up.
I am expecting a retest of 1.24 and the 50 SMA before GU continues back to the upside with a target of 1.26.
Idea is to enter with a 1H rejection off the 1.24 area.
Possible the trade may not trigger due to fresh demand zone located near the 1.23 area, if so this trade becomes my back up trade.
Also due to the demand zone created on April 3rd price may not achieve the intended target. A possible way to manage this trade is to trail the stop and cut risk in 1/2 at 1:1 and BE at 2:1. In addition take 15% off at 1:1, then again at 2:1. See if the remaining 70% will make it to the target.
GBPUSD D1 28/03/2023GBPUSD D1 28/03/2023
Confirm Condition Sell
1. Sideway Down
2. Support & Resistance Zone
3. Price action
When the price goes up, the RSI will go up to touch 70+ and start entry at Resistance Zone
"Since the price can change at any moment, don't forget to set a stop loss to protect yourself from potential losses."
Just an Idea from me
Thank you.
KB TRADING SYSTEM
GBP-USDHELLO !!!!!!!!!!! A great great wave counter can save you! The last correction wave 2 and the beginning of the big wave 3... Go read a book and don't let anyone make you a fool...
Everything goes with the program and even those who have million dollar accounts cannot make any changes in it :))) good LUCK
USD/JPY is relatively optimisticUSD/JPY
At present, USD/JPY is relatively maintained at its high level since this year, and the US dollar has recently gained support in Powell's hawkish speech, and the bullish sentiment of the US dollar is rising, limiting the room for USD/JPY to fall.
Judging from the 4-hour chart, the current market has received certain buying support at the 136 mark, and the market has been able to rebound, but there is still a lack of strength.So I think it will be digested in the form of shocks from the technical point of view alone. Waiting for the policy decision of the Bank of Japan on Friday and the monthly non-farm payrolls report of the United States should provide a new thrust for USD/JPY.
In addition, structurally speaking, before the end of the USD/JPY market, it is expected to form a head and shoulder pattern, but the right shoulder pattern has not yet been constructed, so USD/JPY should have a period of rebound from the technical structure before turning into a downward pattern; in addition, the 136 mark is likely to attract some bulls, thereby limiting the market's decline, and the 135 position is the strong support at the previous top-bottom conversion position, only after USD/JPY breaks below the 135 position can it be regarded as a short trend.Before that, USD/JPY was relatively optimistic.
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XAUUSD - the Gold regains its strength, Road to 1926$Over the last falling the Gold because of the interest rate, is recovering some of his power supported by the last unemployed data, and the increasing in the trade deficit for the last December.
Technically the gold keeps rising above 1860, if it enters 1885 and it stays above it for 4h we may see the Gold in 1926 or more.
GBPUSD to find sellers at previous support?GBPUSD - Intraday - We look to Sell at 1.2288 (stop at 1.2328)
The bearish engulfing candle on the daily chart is negative for sentiment.
A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation.
Bespoke resistance is located at 1.2300.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Preferred trade is to sell into rallies.
Our profit targets will be 1.2188 and 1.2168
Resistance: 1.2300 / 1.2330 / 1.2401
Support: 1.2201 / 1.2168 / 1.2084
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GOLD, breaking 1870$ possible but not easyThe latest new about the deceasing of the unemployed and the increasing in salary is supporting the inflation ratio, and because of that we may see the gold breaking the 1870$ level, but before of this we will see the gold approach in 1829$ because of the strange resistance in 1870$
GBPUSD - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis of GBPUSD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish orderblock + institutional big figure 1.20000.
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GBPUSD/GOOD POSITION!!!Hi guys
In the time frame of 1h , the price is in an ascending channel.
According to the impact of the price on the bottom of the channel that we identified, if the third impact breaks the channel and also breaks the support area, it is a good opportunity to short until the next support area that we identified.
good luck
GBP-USD DAILY CHART BEARISHI'm on the daily timeframe here, something I don't normally look at, but found something I thought I'd share. I noticed a trend line here with a strong fundamental and technical lvl of resistance, and went back as far as needed to find a fundamental lvl of support (March 2020) which seems to fit pretty well here in my analysis. Since I'm not familiar with the daily I don't know if it will actually take till the end of November/beginning of December to reach that anticipated lvl of support but we'll come back to this analysis and see what's good. Leave feedback alwayssss tryna learn!!!