The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86100, 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 zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11150 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.11150 support and resistance zone. Trade safe, Joe.
Details on chart - looking to see how the interest rate decision comes out with the BOE before executing on trades
GBPUSD broke and closed below a key horizontal daily support and a major rising trend line. The broken support and trend line compose the supply zone now. I will expect a bearish continuation on the pair. Next support - 1.2612 ❤️Please, support my work with like, thank you!❤️
Introduction: Hello fellow traders! Today, we are back with an exciting long-term trade opportunity: Sell GBPNZD : 2.09450 Take Profit : 1.99403 Stop Loss : 2.11150. We will exit the trade if the Bank of England (BoE) maintains a hawkish rhetoric without softening. In this article, we will delve into the technical analysis and fundamental...
Hello Traders we expect a 150 pip drop in GBPCAD after BOE rate decision. 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 ideas and other Contents on this page are for educational purposes and do not include a financial recommendation....
Dear 500 bros, In my opinion, the pair of EURGBP is making a nice Bullish Diamond Pattern. So, I have a Setup for Buy order at current rate. Happy trading!
Seems Like Wanna Some correction Before Another Leg Up Formed Ascending Channel In h12 tf Incase Of breakout Expecting 340 to 360 pips Bearish Wave Keep Eyes On For Breakout
GBPCHF is testing a support of a horizontal trading range. As a confirmation, the price formed a double bottom pattern on that. I expect a bullish movement to 1.1218 ❤️Please, support my work with like, thank you!❤️
Hey traders We open a long position because market meet our criteria.... 1. Daily candle close above previous resistance 2. Minor breaout happened and enter long position We have 3 Targets Let's watch the market
Greetings Traders! GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long. Yet, on the flip side, positive news may trigger a steep decline, threatening to hit...
Waiting for more confirmation of gold, can it break 51 support during NY? Sells below this level for me.
Hey Traders, in today's trading session, our focus is on the EURGBP currency pair, specifically looking for a favorable buying opportunity around the 0.85750 zone. The recent price action of EURGBP has been showing a downtrend, but it has successfully broken out of that trend. At present, the pair is undergoing a correction phase, and it is nearing a critical...
GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal...
Hey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.69900 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.699000 support and resistance zone. Trade safe, Joe.
GBPJPY is rebounding after marginally breaking under the 1day MA50 for the first time in 4 months. This is a similar type of rebound as April 23rd 2021. That sequence traded inside an Ascending Triangle. Wait until the price hits the top and sell, targeting the Support at 177.000. Follow us, like the idea and leave a comment below!!
NOTE: Selling opportunities are much more riskier. We're keeping the pair under watch to buy around 179.800 and the much more riskier setup is watching to sell around 183.500 We take less risk for shorting scenario.