romailfx

romailfx Updated 

strong level. 61.8 fib bearish trend overbought conditions.

romailfx

gj in a downtrend with a 50% fib rejection. stochastic over bought witha fib set up.

romailfx Updated 

price broke out of a trendline. retested the trendline and failed to close above. also a 61.8 fib zone. lower high formation and stochastic over bought. trend change GJ downnnnn

romailfx

buy set up on gold. waiting for bullish price action at the 1775 area along side the fib zone. gold is also in a higher timeframe bullish market. get ready to enter!!!!

romailfx

stochastic over bought previous days highs resistance bearish outlook

romailfx

1765 support..... stochastic over sold on the 15M and 4H also a 61.8 fib zone targetting the 1775 area. counter trend trading as gold is bearish on higher timeframes.

romailfx

gbpusdsell 1.325 resistance with fib zone showing resistance and weak fundamentals for the london open

romailfx

weak fundamental news for the pound which will aid in its continuation to the downside. gbp under some pressure lately and it looks to continue.

romailfx

MAJOR GBPUSD NEWS gbp will be releasing its unemployment rate avreage earnings and claimant count change at 7am this news will determine if price will pull back further ahead of cpi wednesday .......weak gbp news release will push the pair lower today.

romailfx

GBPUSD is trading around the 1.365 area with major rejections to the upside. GU is very over bought and hanging by a thread i dont think its long before it starts to decline. there has been multiple wicks from the 1.365 along side fundamental analyses GU is running out of bullish momentum. if the price decides to come back into the 1.365 area i will be moving my...

romailfx

GBPUSD there looks to be room for further decline in the GU pair the pair has created a head and shoulders pattern in the gold zone marked up by support resistance underneath the 1.36 psychological level. great areas for entries.

romailfx Updated 

OANDA:GBPUSD GU has created a double top with what looks to be bearish presence around the 1.365 area. 1.365 being a psychological level also favours the downside as it acts as a strong resistance. with price being in a higher time frame downtrend, the 786 fib retracment zone , backed by double top and psycho level gives us enough confluences to take the trade...

romailfx

gbpusd could create a head and shoulders pattern whilst the dollar index could push to 94.5

romailfx

breakout of consolidation and then a pull back entry. take profit at the 1.36 area stop loss below the 78.6 vib zone risk to reward 2.5

romailfx

OANDA:GBPUSD confluence trading is just multiple reasons stacking up in your favour to take the trade. you should always have some sort of validation to take a trade... my trading style consist of fibonacci levels, psychological levels, support resistance, trend line bounces and much more. one thing to remember is the more confluences you have the more confident...

romailfx

relate to the post published before this one for in depth review of my analysis of the week ahead.

romailfx

OANDA:GBPUSD with last weeks crisis GU had been under a lot of pressure. however the pound managed to recover over 50% losses towards the end of the trading week. potential outcome could see us retracing into the 1.35 area for a perfect support resistance set up which also corelates with our fib zones. and the news of interest rates rising in early 2022 could...

romailfx Updated 

gbpusd looks to have bounced of off the 61.8 fib zone. with a stop loss just below this zone we can target the highs of 1.375 as a take profit area. however 1.370 is our first targets then brining stop loss to break even and taking partial profits. news analyses is currently 50/50 on gbpusd. if price cannot break the 1.370 area we would look to adjust to the...