A pretty simple setup that can be played out by the end of the London session.
A nice intraday setup which can be entered now.
Among the chaos in the global markets, we have a nice swing trade opportunity on shorting EURGBP, We want a nice break and closure below 0.90651 to confirm our short bias before entering.
The #JPY will still be a safe haven currency as US-China continue to square off in their trade war. We have classic bear flag formation. We're awaiting a possible break to go short.
Coming off some nice resistance that has capped the pair for the past week.
Another intraday setup, all we need is a break and closure below this level and all should be fine for shorts.
Doesn't get much simpler than this.
A perfect swing opportunity.
Each horizontal ray after entry is a take profit level.
Our higher time frame is suggesting a short opportunity. The smaller time frame is indicating that as it is gearing up to possibly break the current hourly CTL and make a move to the bottom of the consolidation box (1492). A break of this level can lead us to the 38.2 fib level which is at 1468. On the flip side, a break above our conslidaiton box can lead us to...
The monthly time frame paints a short for the precious metal. As a person who loves to mix intraday setups and swing opportunities, I will definitely be entering a smaller than usual position short. Beautiful technical setup with a great risk to reward ratio.
Entry to short is now, will take a few days to play out. Overall target is 1.10350, we will take profits as price moves down.
Nice retrace to the 50 fib level, and we are creating a double top on the smaller time frame. Our neckline is right above our sell stop.
A nice break of this CTL can have GBPJPY fall to 128.220 area to create a full head and shoulders pattern.
Almost a 2.0 R:R on this trade setup, great to end off the week.
Await for breaks and closures on either side, we are due for a nice setup regardless of where GBPUSD goes.
A very nice swing long opportunity. Entry is now.
EURGBP is exhausted, and sell contracts are accumulating at this zone. Entry is now, stops and take profits are provided (horizontal lines below entry).