EUR/USD rallied vigorously last month, but has sold off in recent days, with prices slipping and closing below the 200-day moving average last week – a bearish technical event. If the pair deepens its pullback in the coming days, a retest of the 50-day SMA could come any minute. Continued weakness may shift focus towards trendline support near 1.0620. Conversely,...
EUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
Looking and analyzing over GBPCAD I have analyzed thoroughly we are looking at a potential downtrend for these next few weeks. I have been looking at GC for a while and think it is time to short it all the way down. Please enter with proper risk management when trading and please follow our TV (Trading View) page for more free signals, analysis, and as well posts...
EUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
Yesterday, gold prices edged higher to $2036 in the Asian session and then fell rapidly to around $2017. After gaining support, gold prices rebounded to around $2025 and finally closed with a small bull candle, which also ended the 2 consecutive declines. The market began to stabilize. Investors who want to go short need to be cautious and should not chase the...
GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention...
Hello traders, I'm following and observing AUD/USD price movement over a period of time and this setup makes a lot sense to me based on my research as it has a high probability. Ofc there is an imp USD news today but we assume the price moves in our favor during volume time. Hope it works! Stay safe
GBP/CHF Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I...
Today's focus: CHFJPY Pattern – Ending Diagional Support – 167.50 Resistance – 169.40 Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart. Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the...
Hello traders ,what do you think about GOLD? After the sharp price growth on Monday, which was a false breakout, gold quickly returned below the broken zone and fell to the 2010 zone. It is currently trading below the resistance zone of 2050, which is expected to fall to the specified zone after the completion the pullback to the resistance zone . Today, ADP data...
Hello guys, Here is my idea on NZD JPY for long position Reason for this trade. 1: A bounce from Support level 2: Fib Retracement level 3: LH market structure was broken and the market is currently retesting it. 4: The market formed a demand level that broke the LH market structure which give us a sign for upward movement. First Trade will be executed at...
Falling Flag has formed on the USD/JPY. There has been a retest on the support level. With the ongoing uptrend and support, this definitely keeps the bias long and bullish. 21>7 Price>200 which confirms the bull market. Target 1 will be at around 153.69
GBP/USD fell on Tuesday, extending its drop for a second consecutive day after failing to clear a key ceiling near 1.2720, which corresponds to the 61.8% Fibonacci retracement of the July/October slump. Should losses deepen this week, it is important to watch how prices behave around the 1.2590-1.2570 support zone, bearing in mind that a breakdown could expose the...
Yesterday, gold prices saw an inverted deep V-shape reversal. Gold prices surged sharply higher in morning trading, hitting an all-time high of 2145. Subsequently, they fluctuated downwards, stopped falling around 2020, and finally closed with a full bear candle with a long upper shadow. At this point, the gold price trend has also shown signs of a top, forming a...
Yesterday, I said to go long from 1.0808 or short from 1.0880. Price hit 1.0808 first which would be a long opportunity but instead of going up to the target, it was capped by PZ and eventually it closed lower. Price action was bearish on Monday and trend was down but I said to play the bounce. Wrong call on fading the trend. But despite the sell yesterday, I am...
Hello guys, Here is my GBP USD trade set up. GBP USD has broken a major support level, now waiting for the retest of the broken support level to enter sell position base on candlesticks confirmation patterns at the retest.