As the DXY weakens, this has led the GBPUSD to climb steadily to the upside testing the resistance level of 1.2280, which also coincides with the 61.80% Fibonacci retracement level from the longer term. However, the UK FPC is due to release its statement and minutes which could see a sharp reversal if the sentiment is dovish. A break of the resistance level...
standing at a strong support and having a really nice bullish price action we can enter a buy trade
GBPJPY H8 Probably the cleanest setup out of it's peers that were analysed on Sunday, GBPJPY resistance/support price of 183 looks very clean. We are coming up for a test of that 183.00 handle, it could certainly be an opportunity to grab shorts. As markets opened on Sunday we saw the bearish gap, I wonder if this is something that will pin and dump towards the...
⚠️ A countertrend CTT) trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE Curve Analysis. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following. -SL @ 2.1800 🚫 SLO2 @...
Here is the watchlist for today: CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30. EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one. GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11. The special case today is audnzd, i feel...
Hello,Traders! GBP-CHF has retested a Horizontal support level Of 1.1050 and we are already Seeing a bullish reaction so A move up is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPCHF - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GBPCHF Entry -1.1075 Sl - 1.1044 Tp - 1.1133 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86100 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86100 support and resistance area. Trade safe, Joe.
Pair Name : GBP/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Short After Break Out ) Type : Mid Term...
Analysis: Bullish Confluences Emerging bullish momentum forming Failing to break below recent lows New recent highs are being broken Retest of a key support level 61.8% fib retracement level lines up with our area Touching a longer term and short term upwards trendline Broadening ascending channel present (blue lines) Longer term bullish pennant pattern...
British pound to the New Zealand dollar showing us a consistent swing move to the downside which has played out around 4 to five times already before we got to the point we're at now we now have another clean push to the downside with a clear POI and a swing high to match we're now waiting for the formation of our swing low once this is formed we will have a valid...
Starting off this week's markups with British pounds to the US dollar as many of you are probably aware there was a war that broke out over this weekend which has affected the open price of nearly all US correlated pairs this in turn has left a gap which has made things a little bit more interesting coming into this week as we have gaps to fill and imbalances to...
After price broke structure to the upside on higher timeframe, it retraced and formed liquidity above a demand zone that was left behind during the reversal. Price could now utilize the liquidity to fuel its move to the upside to target the weak high that's filled with liquidity
GBP/USD Faces Pressure Amid Israel-Hamas Conflict and Economic Challenges The Pound Sterling (GBP) experienced a downturn, dropping below 1.22 against the US Dollar (USD) as geopolitical tensions escalated due to the Israel-Hamas conflict. This development has contributed to a risk-averse market sentiment, impacting the GBP's performance. Additionally, the UK...
GBP/USD Consolidates Gains Ahead of Key US NFP Report The GBP/USD pair is currently treading water in the Asian session, consolidating its recent robust recovery from the 1.2035 area, which marked its lowest level since March 16 earlier this week. With traders on the sidelines, the focus is firmly on the impending release of the US Nonfarm Payrolls (NFP) report,...
GBPCHF Channel: RED WK Pivot: RED AOB: EMA10 CON: SBB SELL Stop: 1.11038 Stop Loss: 1.11469 TP01: 1.10607 TP02: 1.09745 DWR present as a sell setup on 9 OCT, with Channel and Pivot are red bouncing off EMA10 However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable SPX500: BUY DXY: SELL OIL: BUY GOLD: BUY
Details on chart - looking to see the impact on the markets of the increased geopolitical tensions and playing the bias from there