As you can see at the graph I all ready milked EURAUD pair but I'm out now because the market is reversing so in this point I'm going to buy why I'm buying because euro strength is very strong while eud is getting weak
As i always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the...
I'm selling this pairs because of the Crossing the line and retested i believe is great opportunity also the strength of the gbp is very strong while jpy is very weak
As i always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the comments below thanks you
Pound Sterling is expected to be more volatile in the coming weeks as the uncertainty hovering around Brexit and UK economic outlook.
Brexit process are weighing heavily on the cable as the successive rounds of negotiations fail to deliver any significant progress as time runs out. With the transition period expiring on January 1, 2021, the odds of a no-deal...
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P.S. I personally will open entry if the price will show it according to my...
Another forecast happened to be correct.The Resistance line for GBP/USD has not been broken. The price has already entered the Key Level zone and is expected to go on falling.
What a patchy week for GBPUSD especially when US Dollar currency is waning in strength and imminent recession in the US economy.
Fundamentally, GBPUSD would continue its bullish momentum however, market sentiment might be varied among traders trying to speculate the market. Hence, Ive come out the trading plan as follows:
i) SHORT if the price breaks the current...
So the charts I am going to cover are GBPAUD, GBPNZD and GBPCAD.
All three share the same thing: an extended trend which is appears to have been exhausted, and now a reversal taking place.
If you look on the daily charts, the GBP has sold off and we have multiple lower highs on the downtrend down to a major support zone. On the GBPAUD we can see on the daily...
EUR/USD Severely over extended and awaiting a substantial correction
There is substantial risk in entering at the current price. Opening a position at these levels may result in liquidation.
Waiting for confirmation via:
RSI Divergence
Moving Average Break
Wick Rejection
Daily RSI @ Extreme RSI Levels ~ 80
VERDICT: EUR/USD due a correction soon...
there is a rejection of horizontal resistance zone + resistance trendline. personally will expect a retracement to the horizontal support zone on 1.22125 if we get the 1.26360 level crossed to downward and candle closes below.
invalidated only if we get a confirmed breakout of 1.27820, this way the resistance trendline + horizontal resistance zone are broken and...
GBPUSD - Weekly Analysis - H1 - Bullish Continuation Trend
We have a bullish Trend on the H4 & H1 chart and price have made a bullish breakout above 1.2600.
Until this level is not broken we will be looking for long entries until we have a solid Bearish reverse signal.
To consider entering long, only when we have a bullish breakout above the 0.236 Fibonacci...
Hello Traders. GBP/USD had some nice uptrend move last night during the Asian session. it looks like we are in an impulse wave right now(wave 3) and my confirmation will be a breakout to the resistance acceleration channel. Since we are on 4 hour chart i can expect wave 3 to develop on subwaves (i,ii,iii,iv,v )
GBPUSD reached a strong resistance which was tested twice before, possibility for a bearish trend next week.
There's also a possibility to break the resistance en continue to be bullish.
The price reached the resistance zone between 1.26000 and 1.26500 levels. You can see how the price moved at these levels in the daily timeframe.
In spite of a breakout in the 1H timeframe, which can be a false breakout as well, the market looks interesting for shorting.
RSI gave a reversal signal in the overbought zone. MACD histogram tells us about the price...
GBPUSD trading in uptrend
price broke key level around 1.26300
price above SMA 100
MACD shows start of bullish momentum
RSI above 50
so its expect bullish movement to supply zone around 1.31500
GBPUSD - H4 - Intraday Analysis - Double Top
We have a Double top Pattern on the H4 charts and are expecting a bearish correction or even a reversal because we are on a Key Resistance zone.
We enter short @ the Resistance zone .
Our target will be the 0.50 Fibonacci Level.
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Entry: 1.2615| Stoploss: 1.2655 | Takeprofit:...
