Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Recently price bounced from support level, which coincided with support area, and declined to support line of triangle. GBP turned around and made strong upward impulse to resistance line, breaking $0.8610 and $0.8545 levels. But then price started to decline and...
Based on current news and pending level breakouts, it's essential to recognize the evident levels on both the 1-hour and 15-minute charts. Additionally, the daily chart indicates a significant level. Therefore, it's advisable not to initiate a long position until the levels on the 15-minute and 1-hour charts are breached. Also, it's prudent to wait for the...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone. Trade safe, Joe.
Expecting the price to fall from the supply zone to $1.247 demand zone
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
We seen a lot of Chop this week. Looking like price is ready to turn full on bearish again but we need to wait for a new High to be made first. Might not get another move till the middle of next week. just have to be patient.
GBPAUD - 24h expiry The medium term bias remains bearish. The sequence for trading is lower lows and highs. Bullish divergence is expected to support prices. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9250. We look to Sell at 1.9220 (stop at 1.9270) Our profit targets will be 1.9100 and 1.9070 Resistance: 1.9150 / 1.9250...
GBPCHF - Buy Stop - Bullish Flag - Entry if Support is broken
The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price...
GBPUSD - 24h expiry The primary trend remains bearish. Price action looks to be forming a top. Bearish divergence is expected to cap gains. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2560. We look to Sell at 1.2560 (stop at 1.2596) Our profit targets will be 1.2470 and 1.2430 Resistance: 1.2560 / 1.2590 / 1.2630 Support:...
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area. Trade safe, Joe.
Hi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and...
GBPCHF Buy Stop Loss: 1.135 Targets: 1.143 1.144 1.146 1.148 1.150
The GBPCHF 15-minute chart provides an intriguing perspective for a potential SELL based on Elliott Wave Theory. We observe the completion of a five-wave upward sequence culminating in wave (5), suggesting that a corrective phase might be underway. From the peak at wave (5), we can see the start of a downward correction. The corrective wave (a) has already made a...
The GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2.10558 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 2.09520 Why we like it: There is a pullback support level which...
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
TP: 1.15541 SL: 1.14000 In this trading strategy, we present a compelling opportunity for a long position on the GBPCHF currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...