Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
In the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate...
If price move above 1.0690, I'll be looking for sell setups. Taking my profits around 1.0601.
- Market Sentiment: Bullish Bias - Weekly Chart Analysis: Violation of Recent Resistance Indicates Strength - Trade Plan: Buying Opportunities Favored over Shorting Analysis: - Market Sentiment: Maintains Bullish Bias on US Dollar, despite market volatility - Weekly Chart Analysis: Notable violation of recent resistance level on the USDJPY Weekly...
Trade Strategy: Trend Continuation - Key Level (1-hourly chart): Retest at 1.2419 - Additional Setup (4-hourly chart): Bullish Shark Pattern at 1.2141 Analysis: - Approach: Identifies potential opportunities for trend continuation trading - Key Level: Looks for a retest at 1.2419 on the 1-hourly chart as an entry point - Additional Setup: Considers...
4h is creating a pennant indicating strong possibility of continuation. All time highs currently so only possible resistance levels to go off of is the Fib levels. -23.6=TP1 -50=TP2 -61.8=TP3 Price is rejecting the 50% 4h fib level.
This week, I'm maintaining my bullish sentiment on USDJPY, and here's my trade plan: 1. Support Retest at 148.53: I'm looking for a buying opportunity if the market retests the support level at 148.53. This level has shown previous support and could act as a launching pad for further upward movement. 2. Bullish Trendline Retest: Alternatively, I'll keep an eye...
This week, I'm feeling bullish on GBPUSD, and here's why: 1. Weaker Bullish Trend on Daily Chart: Although the bullish trend on the daily chart is weaker, the recent violation of previous resistance suggests potential upward momentum. 2. RSI Divergence on 1-hourly Chart: The presence of RSI Divergence on the 1-hourly chart indicates a possible reversal or...
The Pound Sterling (GBP) gains strength as market sentiment improves, driven by a growing appetite for risk-sensitive assets. This sentiment is reinforced by soft wage growth and a sharp rise in the Unemployment Rate reported by the United States Bureau of Labor Statistics (BLS) for February. The outlook for the GBP/USD pair remains positive, with widespread...
This week, while many counter-trend traders might be eyeing a short on NZDUSD due to a potential setup on the 4-hourly chart, I'm taking a different approach. Why I'm Bullish: 1. The market retested the previous resistance without creating an RSI Divergence, which raises concerns for a strong bearish move. 2. I'm looking for a buying opportunity at...
1. Bullish Bias: - I have a more bullish outlook on GBPJPY compared to GBPUSD. - Clear violation of the Daily Chart on both GBPUSD and GBPJPY. 2. Trading Setup: - A Type2 Bullish Gartley Pattern on GBPJPY is the key trading setup. - Aiming to go long on GBPJPY. Share your insights and trade plans for the week. What's catching your eye? Let's discuss and...
GBPUSD is on my radar, and here's my outlook: 1. Bullish Bias: - I have a bullish outlook on GBPUSD. - The Friday close indicates a potential bullish movement. 2. Buying Opportunity at 1.2819: - I'll be patiently waiting for the market to retest 1.2819. - Preferably, a double bottom formation with RSI Divergence would be ideal for a buying...
BTC seems to have on low time frame and a breakdown trend confirmation. We will follow up to see if BTC is going to show some recovery trend on a daily low time frame. This update is only a day trend and can change with time when there are new confirmations. The weekend can have low volume, and from Sunday late there can be higher volume with the expected price...
On Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is...
Hey traders,im currently analyzing nasdaq US100. All i can say is that the us100 on this lower timeframe is gonna have some buying power, following its trend. Not perfect but i hope i have atleast great insights on thi signal. Plese let me know what you think?🙏📉
DASHUSDT most likely is going to continue to go up. There are 2 resistances in front of the price which I mentioned below. 🔵Entry Zone 28.96 - 28.21 🔴SL 26.78 🟢TP1 32.12 🟢TP2 34.59 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not...
ENJ after the pullback can continue the uptrend. It might get rejected from 0.3200 and continue to go up. 🔵Entry Zone 0.3086 - 0.3201 🔴SL 0.2902 🟢TP1 0.3455 🟢TP2 0.3709 🟢TP3 0.3975 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not...
GAL has formed a Bullish pattern, It has been making HH and HL after breaking above 2.300, it most likely will continue the trend . Entry Zone 2.490 - 2.599 SL 2.289 TP1 2.759 TP2 3.668 TP3 4.094 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past...