Well possiblity of bullish continuation
1- Monthly structure still bullish even with the resistance formation at 155.63 as long we hold closes above 151 we will challenge the highs again. Anticipating August candle to wick down forming a support on Daily and 4H for testing the highs at 153.40 and above. 2- Weekly structure is bearish and a close above 153.65 will give the opportunity to continue the...
GBP/USD creating HHs and HLs, on 8hr TF it was creating LHs and LLs but didn't create new Lower high, it breaks and retested that supply zone, so looking for long trade here after price create some pattern on 1hr or 15 Min time frame.
Looking for shorts around 1.3933 with stops around 1.3997, targets @ 1.3845 & 1.37665 Reasons to consider this trade setup => Trade Setup has decent risk to reward ratio. => Day time frame close last week was bearish. => Price found sellers at weekly resistance level @ 1.3980 => Short term selling makes sense since on hourly time we have chart pattern (rising...
I put so many signals in trading view in my profile with reached tp . So, it's again good signal if you see my last forecast. So, Based on ichimoku and support and resistance plus Bollinger Bands I forecasted tp is 1.27841 . Good luck Buy tp@1.27841 sl@1.26099
GBPCHF SELL It reject a daily resistance. In 4h I am expecting continuation to the downside.
GBPUSD is currently holding above ascending trendline support. A further push up above our entry at 1.39490, where we have 23.6% Fibonacci retracement towards our take profit at 1.40202 where we have -27.2% Fibonacci retracement could be possible. Technical indicators are showing room for further bullish momentum as well Any opinions, news, research, analyses,...
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Hey traders, I was monitoring 0.85 key level on EURGBP for quite a while. Being a strong recent structure, I was looking for a pullback trade. The confirmation that I got is a bullish breakout of a falling wedge pattern on 1H. Now the price is retesting a demand area. I expect a bounce to 0.8524 ❤️Please, support this idea with a like and comment!❤️
USDJPY is currently bearish based on our analysis of the 4H and 1D charts. Price is making lower lows and lower highs in the current run on the 4H and has rejected key levels on the 1D, it is however approaching a major support in the price area of 109.000 The current resistance is 109.585. We are also long on AUDUSD: And long GBPUSD: wishing you luck and...
Nice pullback this morning off the top of the megaphone formation identified yesterday. There is double support around 7015/25 = lateral and upward sloping. A break below here targets 6980 and 6940. 6900 would see the bottom of the megaphone formation and the next large support region shaded in red. My bias would like to see it lower - but ideally would need...
GBPCHF is trading within a major falling channel on a daily. The price has recently reached its resistance line. To catch a bearish move, watch an expanding wedge pattern on 2H. While the price stays within its boundaries, the market will remain bullish. Wait for a bearish breakout of its support as a signal to short. Goals: 1.257 1.253 In case of a daily...
30 July - GBPJPY Trade Plan It's Friday and End of Month so will just watch the plan and not going to trade Session Bias: Bearish Daily: Bullish 4H: Mixed 30m: Bearish