Longtermtrading
EURGBP // ICT based Monthly long term analysis (multi-scenario)Okay let's have a look at what we can see happening. EURGBP stabbed into the bearish orderblock as shown in the chart on the 7th & 8th month. The 9th month (right now) is the logical reaction of the move away from the bearish orderblock.
- The formation of the bearish orderblock happened above 0.835 , meaning this will likely be absolute max for the wicks/shadows of the next swing high (which when the analysis is correct, will likely take a couple of years from now to occur).
- Threats for the move down are the 0.805 and 0.792 levels. Respectively they have formed rather explosive upmoves in the past. With months that went well over 13.000 pips into the other direction. So keep them and levels just above them in your alerts if you're bearish.
- Furthermore: if we see a response off of either the 0.805 or the 0.792 levels we'll have to see a strong rejection off the current bearish orderblock we're in. If we don't, it's possible that we'll break the tops and return into a bullish trend not visiting the 0.67950 .
I'll keep monitoring the EURGBP long term so I'll be happy to keep this idea updated.
Thanks for reading and I hope this was helpful to you.
Trade with care. Best regards,
NZDCAD outlook LONG TERM trading The pair had a bullish week at moment on the way to Major RES.zone which rejected bulls more than 4 times.
Pitchfork-Fibo Sup.Res. lev. 95.500 / 96.500 as a crucial point.
If we get the 5 attempt at cracking this Crucial Point, a big move to the upside for new higher.
1 Correction and counter-trend bounce.
2 breakout for new high
3 bearish abcd pattern sell zone.
let's see :)
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[Daily] Potential Bullish Gartley formation in process? Hello everyone!
Here we have potential Gartley pattern setting up. To clarify some things, first of all we need to take in consideration that B leg would be still valid even if it extends beyond 1.0908 level. but we have to make sure that we don't see candle close below 1.0749 mark-then it would invalidate this patter .So pretty much we have a space to breathe, however if the 1.0908 was the final B leg retracment, then we might be on our way up, in longer term targeting 1.1345-1.1450 area for potential C point completion. After that D leg is down at major support zone @ 1,0725, adding more for those looking to build a case for potential longer term buying opportunities.
Take care, and trade smart !
FX Twist
GOLD LONG term TRADE anticipating a future Rise Gold is looking interesting as it has stalled on direction of 50% fibo. RSI + MA are showing us a possible bullish momentum.
A close above 1360 would see bulls make a run for recent highs and beyond with interim targets at 1370, 1380 and 1390. FX spread
BO EOD call option
Let's see...