Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Slowly rising market structure.. 4 HOUR Small pullback to the upside, good short entries! DAILY Overall bearish market structure in a small pullback.. - FOREX SWING SELL GBPJPY ENTRY LEVEL @ 134.670 SL @ 135.210 TP @ 133.310 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
Bearish. Gold zone respected on fibonacci. Bearish to S/R price 1.26392. Like if you agree. Feedback is appreciated.
Bullish. Candles respected gold zone on fibonacci. Targeting 1.36000. Like if you agree. Feedback is appreciated.
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
The market is turbulent. If you open a position, be sure to specify a stop loss. with the best wishes.
Wait for breakout. Like if you agree.
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸It has broken the Support Zone. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price made a double bottom pattern and started an upside move. . 🔸It has broken the Descending Trendline. . 🔸Now, it has broken the Resistance Zone, so, we consider that this pair has bullish potential towards the next Resistance at 1.8200. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
Gold is looking bad if you selected this asset as a short term investment plan. Based on the technical analysis the asset passed the crucial mark of $1900 with good volume and very aggressive selling. On the hourly timeframe the RSI indicator started to show some divergence. As a result, we expect the asset to retrace back. The maximum retracement that we expect...
Possible 50 Pips. Like if you agree.
Possible 100 Pips. Like if you agree.
🔸4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸It has broken the Descending Channel. . 🔸We consider that this pair has potential to make an upside move towards the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸It has broken the Descending Channel. . 🔸We consider that this pair has potential to make an upside move towards the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸We consider that this pair has bearish potential towards the Support Zone at 0.66300. However, we need to be careful with the middle Support Zone at 68.800. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
🔸DAILY CHART EXPLANATION: . . 🔸Price is facing a Support Zone that has been tested multiple times. . 🔸Bullish Scenario: In case of a bounce, the potential target of the movement is the Resistance Zone. . 🔸Bearish Scenario: In case of a break of the Support Zone, we may see a strong sell towards the next Support at 101.500. . 🔸 Will look for a lower timeframe setup.