Hello traders We believe that GBPJPY will continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 190.500. We are looking for breaks of 193.330 and 195.709 which would confirm our target 198.720 where our TP is sitting at. Happy trading!
Gold market trend analysis: Gold technical analysis: Gold has recently shown a unilateral rise pattern, breaking through the 2600 mark, and constantly refreshing historical highs. At present, the highest reached near 2685 has stalled, and there has been a sharp decline, and fell to near 2643 at the end of last week, a drop of more than 30 points. Unfortunately,...
Buy now: TP64700 TP65900 TP67100 TP68300 TP69500 TP72000 SL60190 The price of Bitcoin halved, an event that promises to kick off the next market cycle. There has been a lot of turbulence in the markets recently. Events such as inflows into exchange-traded funds (ETFs) and tensions between Iran and Israel in the Middle East have put traders in a bind. But in the...
We looking for short term sells and long term buys as we are still inside the bullish momentum however the market is now respecting the ceiling zone resulting in short term correction sells to the downside followed by impulsive buying opportunities if the market respect the uptrending support|4H TIMEFRAME
For scalpers, this could be a good idea Last week, I suggested that Gold would experience a pullback at some point. However, this wasn't a prediction of a trend reversal, but rather a temporary correction following its extended upward move. On Friday, Gold did indeed decline, reaching an intraday low in the 2643 zone. Now the key question is: Has the correction...
BOE Impact on GBP/USD If the BOE keeps rates on hold today, it will be taken as a hawkish message by market participants, potentially pushing GBP/USD up in a bullish continuation movement. GBP/USD may rise to 1.34300 and 1.35000. If the BOE cuts interest rates today, we may see GBP/USD moving down to 1.31000. So far, GBP/USD remains bullish, and we should...
At this moment, I’m long Bitcoin, just like many others out there who are hoping for the next all-time high. The dream of Bitcoin breaking its historical peak is alive, but there’s this lingering question I can’t ignore: what if it doesn’t happen? It’s worth considering a scenario that no one really talks about — what if Bitcoin doesn't break out to new highs...
GOLD keeps growing As expected, gold recorded a new high this week and is expected to continue to grow until the specified target. A key point to watch is that gold is nearing the overbought zone, which increases the likelihood of a price reversal after reaching the new high. Exercise caution when entering long positions, as the market may experience a...