As we come to close out the week Im feeling like the bearish pressure for the week is over. We could possibly get a pull back from this zone before they continue with bearishness next week.
GBP/USD is rising toward a resistance level, which is an overlap resistance level aligning with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.25932 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.26741 Why we like it: There is a pullback...
1. Price in Overall Uptrend Direction: This means that the general movement of the price of whatever asset or security is being discussed is moving upwards over a period of time. In other words, the value of the asset is increasing over the long term. 2. Uptrend Structure Being Maintained: This indicates that the pattern of higher highs and higher lows, which...
✅GBP_CHF is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is already making A bullish rebound from the support So a further move up is expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅
POUND STERLING OANDA:GBPCHF ANALYSIS - Enough US data to go around this week: ADP, services PMI and NFP - GBP/CHF attempts to find resistance as the pair recovers from overbought territory THERE’S ENOUGH US DATA TO GO AROUND THIS WEEK There is a lack of UK data this week, but it shouldn't be ignored for sterling-related pairs. FX movements increased in Q1...
The GBPUSD currency pair has been making headlines recently, but not for the reasons bulls might have hoped. After a lengthy period of consolidation, the pair has experienced a concerning breakdown, accompanied by above-average volume. This bearish signal suggests choppy waters ahead for the British pound. Dissecting the Breakdown: Its price bouncing between a...
GBPCHF may drop from a key horizontal resistance. The price formed a head and shoulders after its test and successfully violated its neckline. The pair may drop at least to 1.139 support. ❤️Please, support my work with like, thank you!❤️
GBPCHF - Short - Sell Stop - The bullish trend is struggling to continue @ R1 - Looking to Sell if the price reaches S3
Hello,Friends! Previous week’s green candle means that for us the GBP/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.141. ✅LIKE AND COMMENT MY IDEAS✅
GBPUSD - 24h expiry The medium term bias remains bearish. Trading within a Bearish Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.2615. We look to Sell at 1.2615 (stop at 1.2655) Our profit targets will be 1.2515 and 1.2480 Resistance:...
Dear Traders, I'm closely monitoring the GBPUSD pair in today's trading session, and I wanted to share some insights with you. GBPUSD is currently in a downtrend, indicating a general downward movement in prices. However, it's important to note that within this trend, the pair is experiencing a correction phase. This correction phase seems to be leading GBPUSD...
finally seeing the Bearishness we've been looking for. I think it will continue from here. Might get a pull back for entry but I would not be surprised if it does not give it.
Price is currently at a support level, which is a pullback support level, and could reverse from this level to our take profit. Entry: 1.25234 Why we like it: There is a pullback support level Stop loss: 1.24481 Why we like it: There is a pullback support level Take profit: 1.25932 Why we like it: There is an overlap resistance level which aligns with the 38.2%...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area. Trade safe, Joe.
There has been no stopping the bulls on this pair since it made the lows at the end of last year towards the 1.06 area. Its took the exact path I planned out in the idea that I posted in October last year dropping down towards 1.06 before rallying back up towards 1.15 (read related idea below) So what next for this pair ?? Given the extent of the rally and the...
This analysis explores a possible trading opportunity in GBPCHF. We'll dissect the current trend, analyze price action, gauge market sentiment, and pinpoint a potential entry based on favorable conditions (further details in the video). Remember, proper risk management is paramount. It's crucial to understand this video is for educational purposes only and does...
🕵️♂️ Let's analyze the GBPCHF forex pair for trading in futures. 📉 This currency pair is mostly bearish in higher time frames and cycles, indicating the recent weakening of Great Britain over the past few years just from the chart. 💪 In the 4-hour timeframe, we've had an uptrend and reached a significant resistance in the daily and weekly range around 1.14731,...
After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published...