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GBPUSD: What to Look at This Week 🇬🇧🇺🇸 Take a look, what I spotted on GBPUSD: the pair formed an inverted head and shoulders pattern on 12H time frame. 1.2035 - 1.209 is its neckline. If the price breaks and closes above that, I will expect a bullish move at least to 1.217 structure. However, remember that a global trend in bearish. Zooming in the same chart, we can spot a horizontal consolidation range. 1.189 - 1.194 is its support. If the price breaks and closes below that, a bearish move will be expected to 1.18 support. Wait for a breakout as your confirmation here. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
GBPUSD: Important Update! 🇬🇧🇺🇸 So we have nicely predicted a bearish movement on GBPUSD yesterday. The price formed a head and shoulder pattern then. 1.189 - 1.1935 is its neckline. To catch a further decline, I would suggest waiting for its breakout (you need a 4H candle close below to confirm the violation). Then, a bearish continuation will be expected at least to 1.178 level. However, if the price breaks a head level and sets a new high, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
GBPAUD: Important Decision Ahead 🇬🇧🇦🇺 Hey traders, GBPAUD is approaching a solid rising trend line on a daily time frame. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks and closes below that, I will expect a bearish continuation to 1.731 level. If bulls violate a resistance line of a tiny rising wedge pattern and close above that, I will expect a bullish movement at least to 1.765 I believe that probabilities are on a bullish side. However, let's see what will happen! What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
GBPJPY: Your Trading Plan For This Week 🇬🇧🇯🇵 GBPJPY reached a solid horizontal structure resistance last week. The pair started to consolidate within a narrow trading range then. To short wisely, I suggest waiting for a bearish breakout of its horizontal support. You need an hourly candle close below 163.58 - 163.67 area to confirm the breakout. Then, a bearish continuation will be expected at least to 162.1 level. Alternatively, if the price breaks the resistance of the range to the upside, a bullish continuation will be expected. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
EURJPY: Potential Bullish Continuation Explained 🇪🇺🇯🇵 EURJPY is accumulating around 143.85 - 144.25 horizontal resistance. The price has already set 3 equal highs respecting that. Taking into consideration that the pair is trading in a strong bullish trend, I believe that we will see a breakout attempt soon. Wait for a breakout of the underlined yellow zone, daily candle close above that will confirm a breakout. A bullish continuation to 147.0 level will be expected then. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURNZD: Potential Long Trade Explained 🇪🇺🇳🇿 EURNZD is trading in a strong bullish trend from the beginning of April. Higher lows are perfectly respecting a rising trend line on a daily. After setting a new high, the price retraced to a trend line again. Pay close attention to a horizontal trading range on 4H. Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement. You need a 4H candle close above to confirm a breakout. Target will be 1.6817. If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
12
GBPJPY: Your Detailed Trading Plan For Today 🇬🇧🇯🇵 One more instrument that we covered on a today's live stream is GBPJPY. The market nicely retraced to a solid horizontal support. On that, the price formed a double bottom formation. Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation. You need an hourly candle close above that to confirm a breakout. Then a bullish continuation will be expected to 164.16 / 165.053 levels. If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
17