The upward trend here continues. Now the price forms lower peaks, but at the same time we see lower bottoms. This means that buyers are still the stronger market participants and we expect that they can raise the price at least once more before we see an correction. The possibility is after the break of the triangle and we expect the price to reach: 1.2308 and...
GBPUSD to drop further from the trendline !
GBP pushing ahead till its short's down trend line and strong resistance.
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.82290). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.82290). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.3715). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
EURGBP is currently trading below a major horizontal weekly/daily level. 0.886-0.889 structure was perfectly respected multiple times since spring 2020 and strong bullish impulses legs followed from that. Being broken to the downside recently, that structure turned into a major structure resistance. Now we have a bearish bias on a pair, and in a long run, we...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.3715). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
I'm selling GA. Price is at the resistance with a beautiful doji at the top, and I think that Gbp is also overall weak at the moment. tell me what you think in the comments.
Breakout followed by first flag how im entering. ANALYSIS: - Been waiting for break of this corrective channel for some time now. - First target is 1.26847
I think we have some weaknesses with the AUD atm. if the market could give us a nice healthy retracement ill go long for a continuation of the movement!
Wedging in and will have to pick a direction, it has a very strong up trend and has rejected the top several times so It may be time for the top half to break, I suggest waiting for breakout and more volume
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
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EUR/USD - entry after break out.