£ / ¥
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
#Comment_to_past_week:
The currency pair was trying to stabilize above the 137 yen per pound mark and it still succeeded. Despite the fact that at the end of the week, the currency pair fell by 121 points (-0.81%), the pair was able to close evenly above the important zone: 137.40-137.22.
"It's hard to evaluate how much a currency pair can grow in the face of a declining #GBPUSD, however, that growth should take place is certain."
Managing WMCI Asset Management,
Sergey Melnikov.
#Technical analysis:
Globally (D1):
The currency pair felt for support at the lower border of the downward channel. Given the current situation and the excessive strengthening of the yen, we can consider the current price formation as an opportunity for a rebound.
Locally (H1-H4):
The asset is in the downward channel after falling by 7 figures, and given how it is formed, the “Three Drives” pattern can be applied to it with short-term goals at 138.40, 139.64.
By tradition, we call the weekly support and resistance zones:
A) Support: 134.93 & 133.44;
B) Resistance: 138.93;
#Orders_and_position:
- Leading indicators: show the way out of potential buying areas, that is 137.50 - 137.00 is a possible area for opening long positions.
- Price behavior indicators: demonstrate normalization of price behavior.
- Trend indicators: demonstrate the flatness of the current price behavior.
#Deal: Potential purchases.
Considering the above information, we offer the opening of long positions with #stoploss 136.20, or earlier in case of exit from the normalized price behavior.
Potential shopping areas for us:
1) 137.25
2) 137.50
With the following #takeprofit: 139.64 and possibly 140.60
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
#Comment_to_past_week:
The currency pair was trying to stabilize above the 137 yen per pound mark and it still succeeded. Despite the fact that at the end of the week, the currency pair fell by 121 points (-0.81%), the pair was able to close evenly above the important zone: 137.40-137.22.
"It's hard to evaluate how much a currency pair can grow in the face of a declining #GBPUSD, however, that growth should take place is certain."
Managing WMCI Asset Management,
Sergey Melnikov.
#Technical analysis:
Globally (D1):
The currency pair felt for support at the lower border of the downward channel. Given the current situation and the excessive strengthening of the yen, we can consider the current price formation as an opportunity for a rebound.
Locally (H1-H4):
The asset is in the downward channel after falling by 7 figures, and given how it is formed, the “Three Drives” pattern can be applied to it with short-term goals at 138.40, 139.64.
By tradition, we call the weekly support and resistance zones:
A) Support: 134.93 & 133.44;
B) Resistance: 138.93;
#Orders_and_position:
- Leading indicators: show the way out of potential buying areas, that is 137.50 - 137.00 is a possible area for opening long positions.
- Price behavior indicators: demonstrate normalization of price behavior.
- Trend indicators: demonstrate the flatness of the current price behavior.
#Deal: Potential purchases.
Considering the above information, we offer the opening of long positions with #stoploss 136.20, or earlier in case of exit from the normalized price behavior.
Potential shopping areas for us:
1) 137.25
2) 137.50
With the following #takeprofit: 139.64 and possibly 140.60
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
