The sentiment is clearly bearish. The price needed some corrections, therefore, after reaching the previous Lower Low, which acted as a strong level of support, the bulls entered the market and drove the price up till the 0.5 Fibonacci retracement level. The price is strongly rejecting this region, and from here we are aiming for opening short positions and...
Gu played the trend as expected back to 137 region , i would be expecting a bounce from here for a deep of correction to 132 maybe...a break above 13750 can change the trend back to bull
GBPUSD has traded into resistance prior to the GBP Trade Balance data, which shows the UK's balance between imports and exports. Technically the pair has broken a key support and is now retesting the support as resistance. The RSI has also turned bearish, and we anticipate continued downside into the 1.3711 level.
GBPUSD is trending to the downside prior to the USD 3 Month Bill Auction data, which reveals the yield for the US Treasury backed security. Technically the pair is trending below the 50 moving average, and the 50 & 200 MA's are in a bearish cross. We anticipate continued downside into the 1.3560 level.
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
Sellers took control of the market yesterday with an expected downside move, we are now experiencing a pull back on the four hour which; 1. looks to correct to 1.3718X in the Fibonacci structure, for further sells. 2. The monthly has been broken, but the close of the market needs to distinguish a clean break for confirmed further selling power down to the...
Hello, Currently a selling opportunity is in motion with - multiple options to enter sells. Currently ignoring days where price reverses as the market is overall bearish. The weekly shows price has rejected the $1.43 and created a weekly bearish highly probable selling opportunity upon the price reactive level. Good luck in the trade Many thanks, XYHLX
Aiming for daily bullish order block for reversal at 1.3870
Cable has not been generous enough to provide us with solid moves as it has been stuck in a 1.42000-1.35867 range from the very February. The shorter term hasn't been great for it either, being bearish for 9 consecutive days. The technicals show the 61% fibs being respected what points out on stronger levels below - rejection of which might give us better entries...
We have broken bearish trendline awaiting a retest. so we are still short. reaction yesterday was expected as EURUSD and USDJPY were at significant support and resistance zones respectively. these pairs are highly correlated. check my analysis for EURUSD yesterday and you will see the expected reaction before market acted. today we expect the market to move...
GBPUSD firmed a nice bull flag and i think its time to buy this pair. Stop loss is so short and risk-reward is so good.
currently bearish slowly reaching for a bullish order block at 1.3760. should react violently at 1.3770-1.3750 reversing and going bullish thereafter
Expecting cable to be bullish going for a liquidity hunt before dropping to the lower zone. Will keep an eye on price action
Cable firmed a bull flag and broke it, Now, seems to be a new uptrend after 3 days correction.
GBPJPY broke its resistance curve line and now retouch the line. Good daily and weekly candlestick pattern and ascending scallop says time to long this pair.
GBPUSD is trending to the upside currently prior to the GBP Markit Manufacturing PMI data, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair has broken above a key pivot point, and has now come back to retest the pivot point as a support. We anticipate continued upside back into the recent highs!
With GBPUSD violating a Daily Swing High at 1.39098, what remains is to find a higher-low before it could commence a rally to the upside. A decline to 1.38200 is anticipated (or lower) in coming days N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades