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XU looking the same as our other USD pairs with a clear news range in play from Friday, we also swept out our session lows which again is a mirror of our other USD pairs as it should be. now as a whole iam not liking the way these news ranges sit, we all know that the markets are looking for a large move to correct the last few weeks of one sided moves, so lets...
Starting off the week with GJ here we have a really clean sell range given to us during Thursdays session, we swept out the highs from our NY & LDN from wednesday, after this we produced this very clean sell move. now we have to keep in mind the age of our POI which going to effect teh probability of this move playing out but over all we are looking for a tap...
After our last trade of GBP/USD long, we now are going to play the move back down. GBP/USD broke the rising support line and went down but now retesting it so I think we will see a pullback and a retest of the target below at around 1.265.
- Great British Pound seen on a more broader picture of Weekly Time-frame *W (tf) . Flirting with Trendline Resistance that rejected price action on 4 times of interactions previously. Fakeout occurance would be put to stop by 200EMA coming down as Resistance Ceiling for GBP/USD Breakout of Trendline + 200EMA re-testing them as Supports would give much more...
We are going short on the EUR/GBP with the target of 0.859 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
After the retest of the horizontal support of 1.260, it makes sense to expect a bullish correction as the GBP/USD is oversold and the market players will be taking profit from the level fueling a buying wave.
GBP/CAD is trading in an uptrend along the rising support line from where we are seeing a nice rebound so I think that the pair will go up.
Buying from the resistance level of 1941. Gold has broken 1938 and is holding, im predicting the further push up.
Hello, Traders! Presently, we're seeing a strong bearish tide in the overall market. Particularly noteworthy is the 'Falling Three Methods' pattern completion we've spotted on the 4-hour timeframe. This is a significant bearish signal, pointing to continued downward momentum. We're also anticipating impactful GBP news in the next few hours. It's critical that...
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.12250 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.12250 support and resistance area. Trade safe, Joe.
This slowly becoming a favorite pair, selling but will adjust as it goes.
— 4D CHART — PA is returning to MP — BLO @ 1.2475
GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times...
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