GBPUSd have moved above resistance 1.3820 and have reached our targeted We are getting lil bit bearish bias , As bulls are losing momentum , and after testing next resistance at 1.3980-1.4020 We are looking for fast bearish move toward 1.3880-1.3820 This scanerio is valid till Friday and as long as price remains below 1.4040
Looking good for a short as it approaches top of megaphone formation within the red lateral resistance zone. RSI also looking stretched. First targets are 7055 and 7025
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has hit its TRENDLINE RESISTANCE and is falling down. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside its DESCENDING CHANNEL and close to SUPPORT. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be...
153.500 is a key level for GBPJPY. If it breaks that level then comes back and retest, I will take a buy.
29 July - GBPJPY Trade Plan Session Bias: Bullish Daily: Bullish 4H: Bullish 30m: Bullish News 9:30 Consumer Credit(Jun) 9:30 Net Lending to Individuals (MoM)(Jun) 9:30 M4 Money Supply (MoM)(Jun) 9:30 M4 Money Supply (YoY)(Jun) 9:30 Mortgage Approvals(Jun) GBPJPY
Description Price is approaching pivot level of 1.39397 where we have 78.6% Fibonacci extension level & horizontal swing high resistance lining up. A reversal from this level might see price take support at 1.38336, which is in line with 50.0% Fibonacci retracement level & horizontal pullback support. Finally, price is unlikely to surpass our strong resistance...
Short term, prices are starting to complete the inverted neckline. I expect price to retest levels below to form the other shoulder before stepping up. Short term SELL Long term BUY
USD – The dollar weakened across the board after the Federal Reserve’s July meeting. The central bank said the economic recovery is on track despite a rise in COVID-19 infections but stopped short of setting a timeline for tapering Fed asset purchases. After the meeting, TD Bank noted that “the statement dropped hints at the conversation around tapering large...
Hey traders, Here is our analysis on GBPCHF. The level where the price is trading right now is decent and the price will most likely retrace from that. Like & Comment Our Analysis, Please! ❤️ Please, support our work with like & comment! ❤️
GJ has continued to climb but is also showing signs of being squeezed & slowing down. Daily TF is still bearish and i am expecting further down side at the moment
GBPJPY - As per the price action & daily chart patterns it is expected to go down from here. My approach will be a sell here at current price 152.760 Maintain Stop loss around 153.200 Potential downside target 152.200 - 151.700 Trade as per your risk appetite, I will be glad to see your likes & comment.
We have 2 scenario here, either there is double bottom and price goes bullish, or it can break the support and then pickup from next support point at 0.846, price is still in a bearish downtrend channel, however the price keeps testing the 50ma on day time frame, if it does crosses 50ma again then we have a long position up to 0.866.
According to weekly support and resistance , and 50 EMA of GBCHF chart we have short position potential with following TP/SL: TP1: 1.257 TP2: 1.252 SL: 1.278 Notice: In half way of SL (when stop loss area Proceeds 50%) (HERE IS 1.274) you can double your size and put TP/SL as bellow: TP1: 1.269 SL: 1.278 ****Don't forget about money management**** Wish you...
The forecast for the EUR/GBP remains bearish, with the Ichimoku Kinko Hyo cloud maintaining the longer-term downtrend. Traders should prepare for short-term volatile price spikes higher, but the Tenkan-sen is on the verge of its next move lower. Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders,...