xrpbilbs

xrpbilbs Updated 

With XAU/USD printing HH and HL's, I am entering long to capture a short move up. Entry: 2342.87 Stop: 2332.33 Take profit: 2376.02

xrpbilbs Updated 

The Euro is in the driver's seat today against the US dollar (EUR/USD) as risk appetite returns to the forex market. We took a trade yesterday, off the 0.382% Fib Level, we entered at around 10:00 GMT and have seen minimum movement in the pair. We are targetting the 0.5% Fib Level and expect to bag 60 pips.

xrpbilbs Updated 

After taking a short trade this morning and closing just shy of TP. Looking to catch the range reveral back up to area of consolidation. Entry: 156.689 Stop: 156.602 Take Profit: 156.938

xrpbilbs Updated 

Gold (XAUUSD) presents an interesting scenario. While a weaker dollar could typically support gold prices, the overall risk-on mood might put a cap on significant gains. Analysts are keeping a close eye on economic releases, particularly inflation data, for hints on the future direction of gold.

xrpbilbs Updated 

USDJPY is sending mixed signals today. Here's the breakdown: Dollar Downward Trend: The US dollar is generally weaker across the board, which could put downward pressure on USDJPY. Retailer Skepticism: Interestingly, a large portion of retail traders are currently short on USDJPY, indicating a potential expectation for the pair to fall. However, in forex,...

xrpbilbs Updated 

The outlook for gold is currently biased towards the upside . This bullish bias comes after a brief correction and is fueled by: - Rate cut expectations: Recent economic data suggests disinflation, leading investors to believe the Federal Reserve will cut interest rates. Lower rates typically benefit gold prices. - Geopolitical tensions: While tensions...

xrpbilbs

EURGBP price might be a good opportunity to sell because it's close to the 0.5 Fibonacci retracement. The fact that this level has been respected multiple times in the past adds further weight to its significance. It suggests that market participants are paying attention to this level and are likely to react accordingly when price approaches it again.

xrpbilbs Updated 

Looking on the 4hr timeframe, we can see the pair trading around a major resistance level. This is the first time that price has tested this region since it formed on the 24th Jan 2024. The bias is mixed on this pair and it does have the ability to retrace much higher. Retail trader sentiment Platforms like DailyFX and IG report a majority of retail...

xrpbilbs Updated 

Currently, the pair finds itself at the 0.5 Fibonacci retracement level, a key technical indicator often associated with potential reversals and continuation patterns in the market. I have entered into a small buy position to hold through the Asian session and into London tomorrow morning. GBP/USD Buy Entry: 1.26144 Stop: 1.25905 Profit: 1.26646

xrpbilbs Updated 

I'm entering a short position on GBPUSD. The price is currently hovering near the high from Friday's trading session in both London and New York, which is a potential resistance level. This reversal after reaching that high suggests a potential downward move could be forming. GBPUSD Sell Entry: 1.26769 Stop: 1.26863 TP: 1.26126

xrpbilbs Updated 

The EUR/AUD pair remains neutral intraday, despite a recent rebound. Price is currently testing resistance established on Thursday and Friday of last week. This resistance zone presents a potential selling opportunity for those hoping for a continuation of the downside trend. A decisive break below this level could signal further weakness towards the 1.658...

xrpbilbs Updated 

The EUR/USD remains stuck in neutral territory today, hovering around the 1.08 level. Analysts are divided, with some expecting a potential break above resistance at 1.0887 that could lead to a rally towards 1.1138, while others see a break below support at 1.0761 pushing the pair downwards to retest the 1.0694 level. I am entering a short term sell position on...

xrpbilbs Updated 

Gold has been trading within a relatively stable range throughout the week. This consistency offers traders a chance to capitalise on predictable price movements and secure some pips in the process. Long term, I am still bullish on gold. But charts are pointing to some short term bearish moves. Manage risk accordingly. I have a tight stop, above liquidity from...

xrpbilbs Updated 

The pair currently sits near multi-year highs, and many traders are eyeing a potential short opportunity. Here's a quick breakdown: Highs Near Long-Term Averages: The current price is close to the USD/JPY's historical mean, suggesting a potential correction. Increased Short Sentiment: Recent data shows a rise in traders holding short positions, indicating...

xrpbilbs Updated 

The EUR/USD is currently hovering around the key .618 Fibonacci retracement level, sparking debate among traders. Some see this as a potential shorting opportunity, anticipating a decline in the euro's value relative to the dollar. Fibonacci retracement: The .618 level often acts as a support or resistance zone. If the price fails to break above it, it could...

xrpbilbs Updated 

Bearish outlook on this pair. Price has failed to break resistance with multiple retests. Looking for a sharp move down during London session and NY Open. Will look to take partials at 1.2633 and move SL to entry to allow the trade to run risk free.

xrpbilbs Updated 

Price has been testing this area of resistance since NY open on Tuesday. News today could be a good driver to bring price down to my TP. I will look to take partials around 1.3566 and move Sl to entry and let the rest of the trade play out.

xrpbilbs Updated 

Bearish outlook on this pair in the short term. Looking for a retest of Asian lows.