Price is falling towards the an overlap support zone which lines up perfectly with the 50% Fibonacci retracement. A bounce from this level could lead the price to rise to the upside I'm bullish biased
The GBP/AUD pair has recently shifted its trajectory, transitioning from a recovery phase initiated at 1.08600 in January to a downward trend. Currently hovering around the 1.9158 level, the pair encounters significant resistance marked by the Point of Control (POC) value and Fibonacci levels. This convergence suggests the potential for a pullback before resuming...
I had mentioned that price is looking like it wants to retrace. Its stalling a bit. Kinda looking like it does not want to make the move so being cautious. but not interested in selling until I see a healthy pullback to solidify a stronger move.
Traders, NOTE Don't forget about LTF confirmations, The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics. In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another...
The GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base...
Price is falling towards a support level that is an overlap support and could bounce from this level to our take profit Entry: 1.23972 Why we like it: There is an overlap support level Stop loss: 1.23074 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci projection. Take profit: 1.25215 Why we like it: There is a pullback...
With JPY weakness, GBP/JPY OANDA:GBPJPY is likely heading to the 195.00 zone. the price made an ABC correction move in the last few days. We believe the price will continue to move upward after a little correction. 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...
Hi folks today I'm prepared for you British Pound analytics. Some time ago price rebounded from the resistance level, which coincided with the resistance zone, and tried to rise, but failed and in a short time turned around and made a strong impulse down to the support level, breaking the 0.8570 level. After this movement, GBP turned around from the 0.8530 level...
The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher...
GBP/NZD is rising towards the resistance level which is a pullback resistance that aligns with the 161.8% Fibonacci extension and could reverse from this level to our take profit Entry: 2.11475 Why we like it: There is a pullback resistance level which aligns with the 161.8% Fibonacci extension. Stop loss: 2.12520 Why we like it: There is a resistance level at...
Couldnt get the pair trading closer to the anticipated area, but we are forming lower lows, so might get an entry around $1.24600. London session will be the decider.
GBP/CAD is rising towards a resistance level, which is an overlapping resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could cause the price to fall to our take profit target. Entry: 1.71919 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.72375 Why we like...
On a high time frame POV, price has dopped to the 0.5 fib and tapped into a liquidity level. On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs. You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL. On the low time...
we should get continuing bear pressure after we get a full pull back. Price definitely wanting to go bearish so I will continue to monitor for the solid move down.
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
Traders, In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100. Adding depth to our analysis, let's delve into the fundamental...
I like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE. The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair...
The GBPUSD pair has been trading within a Channel Down (dotted) since the March 08 2024 High, which can be considered a Lower High on a potentially emerging (dashed) Channel Down. At the same time, the downside on the long-term is limited by a Higher Lows trend-line that was initiated on the March 08 2023 Low. We will formulate our strategy accordingly. On the...