GBPUSD rejected the downside momentum and continued upwards. Currently I am waiting for a close above the blue level and retest and rejection of that as well to be sure that price will continue its upward movement. I am neutral at this point and I am waiting on Price action.
Bit late posting this signal, but it appears to be holding. The bulk of the move hasn't happened yet, but I expect it to continue throughout the night. Price attempted to trade to the upside and failed. Now that this has exhausted, we can expect downside.
USD – The dollar edged lower on Monday as investors began positioning themselves ahead of this week’s Federal Reserve policy meeting, with many analysts expecting the Fed to once again defer from a commitment to taper. GBP – Sterling climbed above $1.38 against a broadly weaker dollar on Monday, supported by encouraging data over the weekend showing a fall in...
As we you can see, GU is forming lower highs and respecting every fibonacci level. I am assuming this will happen again and it will drop from this 0.382 level till the next fibonacci level.
Hello,Traders! GBP-CHF is close to retesting the falling resistance line While trading in a bearish trend Which makes us bearish biased Also, one might notice that a bear wedge is forming On the lower timeframes, which feeds into the bearish narrative Thus, we are expecting a bearish breakout from the wedge And a move down towards the lower demand levels ...
Outlook for next week maintains bullish after nice correction of last week's bearish push to the downside. Bullish market structure on HTF has still not been broken, buyers keep creating new highs and reaping profits to better demand areas so the trend can continue without any shortfalls. We can expect price to pullback to the following areas before continuing its...
GBPCHF is at the lower high of the descending channel range, wait for breakout or reversal
GBPCHF is on a downtrend and has retested a breaker block and a respected a bearish OB which is the high of last week. Price is expected to continue dropping to IPL .26200 as the bears are in control
The GBPUSD pair has interestingly managed to break the recent range in order to retest a horizontal resistance area , despite risk-off supporting the US dollar and market worries over the delta virus variant. However, one thing to note here is that new cases are dropping in the UK and hospitalization rates remain low => GBP strength intraday. With the USD focused...
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CONFLUENCES: - Spinning top closure in 4HR - Rejection of 71% Fib level - Bearish market structure - Rejection of previous support - Fib extension lines up perfectly with 1.35 key level
Entry details are shown on the chart. We are working the 15M time frame on this strategy. We're only looking for the green line which is take profit target. White line is entry and purple line is stop loss. Trade history can be seen below this trade idea too for full transparency. Previous trade which was covered in the idea below earlier on in the week can...
Hi guys, Entered long a couple minutes ago on GBP/JPY. As you can see, the former resistance was broken with a strong bullish candle on M15 with volume . My target is the top of the pitchfork at around 152.350. Please zoom out to see the whole structure. Best, Jesse
GBPUSD holding below short-term descending trendline resistance. A short-term drop below our entry at 1.37563 towards our take profit and Fibonacci confluence zone at 1.36896 could be possible. RSI is also holding below short-term descending trendline resistance where the price dropped in the past. Any opinions, news, research, analyses, prices, other...
Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is on . Pair :GBP/USD Time-Frame - 1D Biased - Bearish Today post is based on my weekly analysis I keep for the coming week and on this occasion I will be keeping an eye on GBP/CHF again for potential sells again as there is a daily bearish trend within a daily bearish channel / triangle...
Description Price is approaching our pivot level at 1.37708 which is in line with 38.2% Fibonacci retracement level & horizontal swing low support. Price can potentially take support at 1.35722, which is in line with 78.6% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 1.38623, which coincides...