Yesterday, the GBP/CAD experienced a notable decline, reaching a daily low of 1.6725 as the week drew to a close. This downward movement was primarily driven by robust labor market data from the United States, which hinted at the possibility of the Federal Reserve (Fed) reevaluating its stance on further interest rate hikes. Meanwhile, the British Pound continued...
decent long term hold, that pays dividends. long term bullish for natwest, in a fallen wedge, that break to the upside 68% of the time, i could see a small pull back to 240, worse case would be a pullback to 206 happening before a major rally, nfa dyor
Good Day traders, Hope all are doing well. there is a potential long setup for GBP/CHF 1H TF double bottom has been created and it's neckline broken so we can enter a long trade now. TP & SL mentioned as well. Cheers.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.86500 support and resistance zone. Trade safe, Joe.
Here is a quick idea for the GBPUSD pair. Next down move which will pass the 1.23800 level. It's about a 40+ pips SHORT move. The Price movement should also break through that 1.23800 level without a real resistance. For clarity, I've removed most of my indicators. Let's watch since time will tell.
Details on chart - looking to see more buys on GJ in line with overall HTF bullish market structure
EURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022. This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021. Trading Plan: 1. Buy on the current market...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
Price approached a good support zone after given a parabolic move last week, Trend is still intact so we can expect a continuity of uptrend until we hold some key support. Trade accordingly !
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GBPCHF is looking for triple top region of 1.1400. Currently the pair is retracing to get some solid force from support zone of 1.1270 region. Will GBPCHF go for triple top ?
After price broke higher tf supply, it retraced and tapped into a demand zone if formed beforehand. It took out liquidity it had left behind and then gave us a shift of inner structure, which could be a potential beginning of the expansion further to the upside. This then gave us a clean 1h POI to enter in on the ride to the upside.
Hey Everyone! I believe this pair has the potential to go down for the following reasons: - NFP came out positive for the US Dollar - Strong resistance zone 1.26500 - Psychological level at 1.2600 - Resistance meets the 100 moving average on the weekly I believe currently it would be wise to wait for that re-test of resistance before entering since the...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86300 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently EURGBP seems to be in a correction phase in which it is approaching the retrace area at 0.86300 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25700 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently GBPUSD seems to be in a correction phase in which it is approaching the retrace area at 1.257000 resistance area. Trade safe, Joe.
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Details on chart - looking to see more buys in line with good data
gbpusd after increasing his body on chart , this is time to take down and this is why im selling this f… chart