Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26300 support and resistance area. Trade safe, Joe.
GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP...
Amidst early week volatility, GBP/USD initially tested 1.2650 before reversing course and closing positively on Monday. However, recent movement has brought the pair into a supply area, hinting at a possible reversal and continuation of its bearish trajectory. In the upcoming economic calendar, focus shifts to the release of Durable Goods Orders for February in...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.500 support and resistance area. Trade safe, Joe.
GBPUSD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.2660. We look to Sell at 1.2660 (stop at 1.2690) Our profit targets will be 1.2585 and 1.2565 Resistance: 1.2660 / 1.2690 /...
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation. Key Points: Sell Entry: Consider entering a short position (selling) around the current price of 1.2618, positioned near...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
GBPUSD could fall towards a pullback support level and potentially bounce from this level to our take profit Entry: 1.25817 Why we like it: There is a pullback support Stop loss: 1.25376 Why we like it: There is a pullback support which aligns with the 61.8% Fibonacci projection Take profit: 1.26681 Why we like it: There is a swing high resistance Please be...
Hello Traders it looks like GBP/CAD is going to retrace partially it's last drop Zone 1.70900 is a very good place to jump for 1.722. We anticipate the price to move a bit down and then move toward 1.722. Any break below 1.70700 will invalidate our analysis. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and...
Hello traders, In the Asian session this morning, the GBP/USD price has shown a downward trend but has yet to break the 1.2586 support level. It is predicted that the price will rise in the short term to the resistance zone at 1.2675 and then retrace back to the support zone at 1.2586.
Reason: market structure is bearish break of structure fair value gap
GBPAUD - 24h expiry Price action has continued to range within a rectangle formation. A lower correction is expected. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9385. We look to Sell at 1.9385 (stop at 1.9425) Our profit targets will be 1.9285 and 1.9265...
Bullish Rebound Alert! GBPCAD finds support at 1.7070-1.7075 area. 📈 #Trading #GBPCAD"
I'm still bearish going into this week on GU but waiting for the week to set up before getting active. We can see the most recent highs taken out before they continue with the bearish price action. Just have to be patient and wait.
The EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase. Key Points: Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the...
GBPJPY Makes a bat harmonic, after the recent massive climb, now is the time to potentially think about longing GJ towards 195 with some TP along the way, JPYX Broke the low and is now retesting, in theory its time for GJ to rip again next week, as always manage your risk and trade safely, we believe in 100 trades not 1. Enjoy the weekend
GU chart here on the hourly timeframe i am looking at again 3 setup ideas all will a line with the higher timeframe analysis as we spoke about in the EU markup. so overall we have a bearish shift into the higher timeframe bias alignment, i am looking for the following, a bearish shift to follow the current order flow on the hourly chart, this would lead us into...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Trend on the jpy crosses were mostly to the upside, pullback was seen on last thur,fri, currently lets see how the trendline and key support holds. will it propel it higher? This is same for EJ. UJ has a potential double tops.not confirmed yet though Do check out my...