This is the time when the trend changes, or at the very least the probability for that is at its' highest.
After a strong uptrend breakdown, GJ making LH & LL, looking for a potential short at 151.25 after price action confirmation. EURGBP still pushing towards 0.866 :
2day Chart. GBP has been showing some weakness recently but is this simply a correction or could this be the start of a reversal? As always, we wait for confirmation. If price breaks down, we will be looking for a retest to take this pair lower. See links below to see how we can trade this. Goodluck and trade safe!
2day Chart. GBP has been showing some weakness recently but is this simply a correction or could this be the start of a reversal? As always, we wait for confirmation. If price breaks down, we will be looking for a retest to take this pair lower. See links below to see how we can trade this. Goodluck and trade safe!
GBP USD Short At Break Meltdown To TP Bear Flag
Confluences: Before anything I need to see this current 4H candle to close as a maribozu, if not, I may need to wait longer. However this are my confluences. -Price was in a steady upwards channel -Price broke this channel and broke structure at the daily timeframe level with a lot of momentum -Gonna enter when price retests this structure -Gonna sell it to a...
Pretty risky is the business of marking out tops and bottoms but here on this chart and even riskier to trade just that, today we will discuss why it could be likely that Pound may lose steam and start to fall against Yen from a technical standpoint. Now before we continue. I want to highlight here that is in no way to be considered a trading setup. This is...
GBPNZD on the 4h chart is now testing a minor support. IF the price will break below we can set a nice short order for a test of a test of the ascending trendline ----- Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. •...
GBPUSD on the 4h after the double top at the 1.41800 level over a monthly resistance, starts a retracement inside a descending channel. The price is now testing a support area over an ascending trendline. According to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
EURGBP on the daily chart is moving inside a descending channel The price if now testing a minor dynamic trendline below a resistance area and according to Plancton' strategy if the market will break above and the conditions will be satisfied we will set a long order -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure ->...
Hello Traders, here is the full analysis for this pair, let me know if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
GBPUSD Has been a difficult pair to trade. In the recent days it has offered some good opportunities but it has also accumulated and that could be the signal to rebalance the market. Pound has been a pair for day trade only i mean it gives up a good 50-100pips in a day's move so why hold longer when it moves so unexpectedly. Proceed with caution. To me it...
Hi, higher yields are likely to have an impact on commodity currencies at some point. If so, then in this pair, as long as we are above 1.75, we have a chance for an increase towards 1.90 Scaling the longs around 1.7750 and 1.75 Stop below 1.7440 Target 1.89 Good luck
gbp usd pinbar rejection of 4 hour zone at the bottom of the 4 hour trendline confirms potential long up as a 1:2 r/r ratio. Good luck.
For those drawing technicals - Ill follow up with an example on this later. ----------------------------------------------------------------------------------- Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and...
gbp nzd bearish short term one broken the 15 minute support could fall
GBPNZD after our last analysis reached the recent highs and starts a retracement within a channel till the support level. According to Plancton's strategy if the conditions will be satisfied we will set a new long order. ----- Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure...