Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30900 support and resistance area. Trade safe, Joe.
by Zoom out and look at the daily timeframe we can find real destination. - Look at the shadows, it can indicate oversold and high liquidity, But you have to act smartly and be careful of traps and nets that spread news
The drawing process lines have a complete description of the case
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance level. Pivot: 1.3046 1st Support: 1.2944 1st Resistance: 1.3181 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
Return and fill into the reversion zone range is expected. Reversion zone range: 1.30615 - 1.30303 Key Resistance level: 1.31288 Key Support level: 1.29920 ⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be...
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
Last nights GBP news was not enough to make price push to give us a solid entry on the bearish move. We are looking for reactions to FVGs just above the previous daily high before considering any entry.
GBP/USD is falling towards the support level which is a pullback support that aligns with the 127.2% Fibonacci extensions and could bounce from this level to our take profit. Entry: 1.3044 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Stop loss: 1.2975 Why we like it: There is a pullback support level that...
GBP/JPY Technical Analysis Current Outlook: The price of GBP/JPY is currently trading near the pivot zone, showing bearish momentum. It appears poised for further downside, as it is struggling to hold above key support levels. Best Scenario: The downtrend scenario is the most likely, with the price pushing lower toward the support zone. If the price breaks below...
waiting for price to confirm it is ready to move bearish. Now we have news scheduled next session. I shall wait for news to pass and see how price reacts.
GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple...
After deceiving people, the price registered a fake breakout at the top of the trend, and then after removing the stop-losses, it quickly entered its downward position, and now it has trapped many people, and now it is time to climb.
THIS IS MY SETUP FOR GBP NZD I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4. Trade carefully This is not financial advice, DYOR.
Been waiting for price momentum to shift. Now looks like we have it. Have to wait out the next day to see if they are ready to keep moving in a bearish direction.
The GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions. Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by...
EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84550 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.84913 Why we like it: There is a pullback...
Price have been touched FVG zone and now is in down trend progress
Simple and Easy trade Setup with Minimum Risk. Evidence is must before taking any entry. Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folks