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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
CFD News; Oil sees demand after testing key support.Welcome to Wednesday's update, subscribers and TradingView community Today our focus is on oil as price has started to move higher after testing and holding for now at key support. Price continues to trade in a short to medium-term downtrend after sellers turned momentum back in June. Since that point, it's been a series of LHs and LLs. Today's price has shown defensive action from buyers after this morning's lower gap failed to beat 94.90 area support and demand. Could yesterday's bar be seen as exhaustion? If buyers can hold this level of support, we will be looking for price to continue to push higher. Obviously, if we see a break, then it's back to looking for new LLs maintaining the downtrend. The MAs remain bearish, but the OBV has stopped putting in clear LLs despite yesterday's strong move lower. Could support be hiding plenty of fresh demand from oil buyers? We will have to wait and see if buyers can hold the level again today. Data to keep an eye out for today. 10:30 pm US CPI and core CPI. 12:30 am US crude oil inventory numbers.
EIGHTCAP:USOUSD
by Eightcap
US30 pressure continues. Could the short-term run be over? Hello to all our subscribers and the TradingView community. Thanks for stopping by and watching our latest market update. Today we have broken down the US30 on an overall longer-term view and the current short-term view. Overall the trend remains down, and we are watching to see if the short term can complete the current pattern of trend and maintain a normal trend with a new LL. Sellers are in control on the short term but they have a bit to do to confirm that. On the short-term, sellers continue to hold sway with a break of yesterday’s low in today’s out-of-hours session. We’re seeing two keys moving forward. 1, sellers break 30,500 demand and set off back to 29,683 low. If demand holds and we see a new move above 31,500 resistance, we will jump off the seller train and look at the possibility that the uptrend from the 20th of June has further to run. Good trading and we hope you enjoy the rest of your day.
EIGHTCAP:US30Short
by Eightcap