On the 20th of Jan, the British Pound reached the highest since 2018 and since than is been trying to move upwards towards 1.380 (back from 2018). The price has been ranging between support and resistance creating new Higher Highs and Higher Lows each time. If the horizonal and trendline support is broken, my target will be 1.355. NOTE: wait for...
📌 ridethepig | EURGBP Finding a Floor After the preparatory manoeuvre, passive sellers are keeping a close eye on the 0.882x ABC target and already starting to cover. Sharp Buyers were aware of this and made the transition to attempt a base formation. With ECB / FED now cleared there is the customary inventiveness to continue with the rally. What we are...
I expect the price to respect the H4 trendline and continue in its downtrend. Multiple confluences confirm this with a strong ressistance zone which it had failed to break. Good Opporunity to sell in my opinion. Target; 50-60 Pips Although a break above this ressistance level and long term down trend will possibly confirm a reversal with bullish momentum over...
Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. I expect USD to gain strength in the coming weeks - please see this link below to many trade ideas. Stay safe and safe trading Duncan
BUY opportunity for EURGBP valid through 2-4-2021
potential inverse head and shoulders forming on GBPUSD
VWAP is starting to shift into a decline. If buyers can not push above 1.3654 then I would continue shorting. POI - Strong buy-side interest at 1.3654 POI - Strong Sell-side interest at 1.3654 and closer to the action 1.3654 Currency Strength Comparison - Strong: GBP & USD Weak: N/A delta: -11.87 #GBP #USD #GBPUSD #FOREX
Take a look at my analysis on GJ
GBPUSD is bouncing from trendline !
Was waiting for price to hit 61.80% but it reversed from 31.80% Target 1.39500
after break of daily resistance and 4 hour resistance zone i expect continuation up
GBPAUD sell area now live, as trend try to reverse, RSI overbought SL -50 pips TP1 50 pips Tp2 100 pips
Welcome back Traders, Investors and Community! Analysis of #GBPAUD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Update previous Idea - We will be waiting for all the...