OfficialUBKFX

OfficialUBKFX

GBP USD is moving in an uptrend making higher highs and higher lows, With this bullish momentum we will be looking for buying opportunities from the lower timeframes. To get our entry lets scale to the lower timeframe to identify chart patterns and entry confirmations.

OfficialUBKFX

EUR/JPY is moving along a descending trendline on the 4-hour timeframe, and the price is currently touching this trendline for the third time, forming a resistance level. We will be looking for sell entries from this level. To get our entry, let’s scale down to the lower timeframes to identify chart patterns and candlestick confirmations. How beautiful 😍

OfficialUBKFX

Messy Price Action 🤕🤧 On the 1-hour timeframe, EUR/USD has formed a supply zone around the 1.11600 price area, and the price is currently pulling back to that level. Meanwhile, the DXY (US Dollar Index) is tapping into a demand level on the daily timeframe. I’ve also noticed the price slowing down at a minor resistance level, but I’ll wait for a pullback to the...

OfficialUBKFX

EUR JPY reentry trade setup What are you trading this week ?

OfficialUBKFX

On the 4-hour timeframe, EUR/USD has formed an ascending channel followed by a strong breakout to the downside, creating a supply level around the 1.11300 area, where the price has tapped in and is currently selling off from. To get a sell entry, we need to wait for a market structure break and retest. Currently, the price is at a minor support level. We need to...

OfficialUBKFX

On the 1 hour timeframe, GBP/USD has formed a descending channel, followed by a strong breakout to the upside and a retest. This pattern has formed at a daily support level. To enter a buy position, we need to observe bullish candlestick patterns for confirmation.

OfficialUBKFX

Following the head and shoulder pattern formed on GBP USD last week the price has been pushing down as DXY continues bullish.. As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs. On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we...

OfficialUBKFX

On the 30-minute timeframe, EUR/JPY has formed a demand level around the 161.100 price area, which aligns with the retest level of the descending channel. Currently, there is no solid candlestick confirmation pattern yet, so we wait for a clearer signal before entering a buy position. Additional confluence: Resistance Level turn Support. 😍🔥 Don't Trade all the...

OfficialUBKFX

EUR/JPY has formed a descending channel on the 4-hour timeframe, followed by a strong breakout and a retest. The price is currently at the retest level, so we will be looking for buy candlestick signals from this level. To find a suitable entry, we need to scale down to the lower timeframes to identify chart patterns and candlestick confirmations.

OfficialUBKFX

A head and shoulders pattern we caught on GBP USD today

OfficialUBKFX

EUR/USD Trade Setup 30-Minute Timeframe On the 30-minute timeframe, EUR/USD has formed a bullish rectangle pattern, followed by a breakout. We’re now waiting for a retest of the pattern before looking for buy opportunities. Now, we wait.

OfficialUBKFX

EUR USD has been pushing bullish just like GBP USD. And the price has broken out of the daily resistance level, which will now act as a support level. Lets scale down to the lower timeframe to find patterns and entry confirmations.

OfficialUBKFX

EUR JPY has formed an head and shoulders pattern on the 30 mins timeframe. This pattern was formed at the 4 hour resistance level. Now we need to see a soild candlesticks confirmation pattern before going short. Don't trade all the time, trade forex only at the confirmed trade setups.

OfficialUBKFX

Last week, we anticipated EUR/USD would reach the major supply zone, but instead, the price formed a new, minor supply zone. This was followed by a doji and a close below candlestick pattern, providing a solid confirmation from the minor supply level. The trade was executed based on this candlestick confirmation at that level. Now, we wait. Remember, once you...

OfficialUBKFX

EUR/USD has been pushing bullish and has reached a resistance level at 1.10100. We did not get a retest of the descending channel as predicted. We will now be looking to sell from the resistance level if we can find solid trend reversal patterns and candlestick confirmations on the lower timeframes.

OfficialUBKFX

EUR/USD has formed a descending channel on the 4-hour timeframe, characterized by lower lows and lower highs following a strong breakout. currently waiting for a retest of the broken lower high structure level, which is also aligning with the Fibonacci retracement level. Once price has reached this level we will scale down to the lower timeframe of 30 mins to...

OfficialUBKFX

On the 30-minute timeframe, the price has formed a demand level around 1.07800. Note: The price is also showing bearish sentiment by breaking a major key 4-hour support level and retesting it. If the price breaks through the demand level, there will be no buy entries. Now we wait ⏰

OfficialUBKFX Updated 

On the 4-hour timeframe, the price is bouncing from the support level, but there are no patterns or confirmations yet. Let's scale down to the 1-hour and 30-minute timeframes to identify potential patterns and entry confirmations.