The GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of an uptrend, potentially leading to further advances in the coming minutes or hours. Key Point s: Recent Price Action: The recent price action shows the price holding above the...
GBPJPY - 24h expiry The medium term bias remains bullish. Trading within a Bullish Channel formation. The sequence for trading is higher highs and lows. Buying continued from the 61.8% pullback level of 189.20. Previous support located at 190.10. We look to Buy at 190.10 (stop at 189.70) Our profit targets will be 191.10 and 191.35 Resistance: 191.10 /...
Similarly to the euro, the context is long. I'm ready to consider long positions from the London session low, with the target set at the previous day's high (PDH).
Take a look at our analysis for GBPCHF. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.118. The above observations make me that the market will inevitably achieve 1.125 level. P.S Overbought describes a period of time where there has been a...
Going over what we are seeing on GU. Looking for a breakdown from this location. As it has meet the objective of filling in liquidity on the upside. Just waiting for confirmation that it is done at the point.
Reason for the trade. broken trend line: retested broken structure and created support creating HH and HL perfect setup for London session. i do not see how this would be anything but a sell. lets hope markets don't get choppy or manipulate.
✅GBP_CHF has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 1.1268 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way. Technical Analysis: GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%. The pair...
GU is almost a carbon copy of EU except for some small points, we are used to seeing the EU and GU pairs be almost the same as they are in my eyes almost sister pairs along with many others, but we also have to look at each of them for the unique signs they give us, now EU dropped lower and stayed within a bearish swing range. BUT GU has shifted back into a...
Hey Traders, in tomorrow’s trading session we are monitoring GBPUSD for a selling opportunity around 1.26700 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26700 support and resistance area. Trade safe, Joe.
This is a possible scenario for GBPUSD, annotated on the 1h timeframe. Price just took out sellside liquidity and reversed back up rapidly during news on the 1st March 2024. There is much trendline liquidity residing above, but there is also a 3-week and monthly FVG below (off screen). The narrative I have in mind is for price to at least either make one more...
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86100 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86100 support and resistance area. Trade safe, Joe.
My dear friends, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1134 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1157 About Used Indicators: Pivot points are a...
I would SELL now. Beginning of March sets the tone for the rest of the month into bullish continuation.
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Sell Entry: Consider entering a short position around the current price of 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish...
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.10900 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.10900 support and resistance area. Trade safe, Joe.
GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. Setbacks should be limited to yesterday's low. We look to Buy at 1.2640 (stop at 1.2604 Our profit...
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the...