GBP/CAD is falling towards the pivot which has been identified as an overlap support and could bounce from this level to the 1st resistance. Pivot: 1.7156 1st Support: 1.7131 1st Resistance: 1.7196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Looking for bearish price action but aware of my bias. Need to see more confirmation in price action before getting active on any position. Price is basically in a neutral zone and can go either direction.
GBP/USD is currently at a resistance level which is a pullback resistance and could potential drop from this level to our take profit. Entry: 1.2592 Why we like it: There is a pullback resistance level. Stop loss: 1.2633 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension. Take profit: 1.2530 Why we like...
GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you...
GBPCHF leaves multiple strong bullish clues. Earlier, the market violated a resistance line of a narrow accumulation range on a daily time frame. With the release of various UK and Fundamental news, bulls show their strength today. I think that a bullish movement may continuation at least to 1.148 ❤️Please, support my work with like, thank you!❤️
My dear followers, I analysed this chart on GBPCHF and concluded the following: The market is trading on 1.1342 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1397 Safe Stop Loss - 1.1308 About Used Indicators: A super-trend indicator is plotted on either above or...
The EURGBP pair easily hit our 0.5 Fibonacci Target following the symmetrical Double Bottom rebound, as mentioned on our last call (March 20, see chart below): We now switch to the lower 4H time-frame as a strong sell signal emerged. The 4H RSI got rejected inside its 1-month Sell Zone and the pair that is trading within a Bullish Megaphone already reached...
price has been waiting to move in position to start a bearish move. we are now in position to form a solid H&S pattern on the 8HR chart. need to continue to see confirmation it wants to continue down though so will scalp cautiously.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26200 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26200 support and resistance zone. Trade safe, Joe.
GBP/CAD is rising towards a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.72217 Why we like it: There is a pullback resistance level. Stop loss: 1.72899 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Take profit: 1.71179 Why we like it: There...
Price has just bounced off the a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.8582 Stop loss: 0.8559 Take profit: 0.8618 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party...
The Cable (GBP/USD) is reacting off the pivot an could potential drop to the 1st support. Pivot: 1.2565 1st Support: 1.2473 1st Resistance: 1.2633 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85900 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area. Trade safe, Joe.
Targeting new ATHs for gold in next few weeks. Two failed attempts to break and hold outside the orderblock. Third break and retest I want to be entered in longs, 1:3RR 1%R, will swing this trade until target is reached. Plenty news this week with USD. Will be interesting to see what develops. I believe gold wants to climb higher.
Welcome Fellow Traders! Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I am bearish on the pairs, more downside should be there. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and...
Hello traders! ‼️ This is my perspective on GBPCHF. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I want price to go a little bit lower to fulfill the imbalance and then to reject from institutional big figure 1.13000 + FIBO 0.618 level. Like, comment and subscribe to be in touch...
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...