Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.28100 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get decent dips below the trend we would be looking for a potential retrace of the trend from 1.28100 support and resistance area. We have also important CPI data...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently seems to be attempting to break it out. if we get a breakout and rallies above the 0.85600 resistance area we would be looking for a potential retrace of the trend towards more highs. Trade safe, Joe.
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.90700 zone, GPBAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.90700 support and resistance zone. Trade safe, Joe.
GBPAUD / 1D Hello traders, welcome back to another market breakdown. GBPAUD is still in a trong bullish trend. I'll be waiting for the price to test back the breakout point for a long position. Trade safely, Trader Leo
This, along with the 1day RSI hitting the Falling Resistance, calls for a sell to the Channel's bottom. Best to sell though after the 1.89690 low breaks and target 1.8700. A fractal analysis however with March 7th shows that if the candle closes over the Channel Up, we can see a rally to the 2.5 Fibonacci level as in March - April. On that occasion, buy and...
Hey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 181.800 zone, GBPJPY is approaching a significant support line in combination with 181.800 demand area. Trade safe, Joe.
Hey Traders! 👋 For Day 41/100 of our challenge, we will look at GBPJPY long idea Technicals: - Ranging between 184-182 - Price squeezing towards top of range - Breakout of 184 opens 186 upside - Failure to hold 182 invalidates trade idea A simple one for today since I'll be out and about. Hope you had a great trading week!
ISR @ 1.70923 RESISTANCE @ 1.70363 TP3 @ 1.7000 (closing ALL Buy Order) TP2 @ 1.6900 (shaving 25%) TP1 @ 1.6840 (shaving 25%) BSO @ 1.6733 ⏳ BLO @ 1.6650 ⏳ IBR @ 1.6588
We're seeing price rise towards a major overlap resistance at 0.8552 which also coincides with a 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and a shorter term 61.8% Fibonacci retracement. It's worth noting that there's a fair bit of bearish momentum too wish the descending resistant line and the bearish ichimoku cloud pushing prices down. A drop...
Hey Traders, in this week we are monitoring GBPUSD for a selling opportunity around 1.29 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.29 resistance and support zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84950 zone, EURGBP is approaching a significant weekly support zone of 0.84950. If bulls are confirmed i would consider 0.87 as a target as it's considered the next major resistance area EURGBP will be facing. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.14700 zone, GBPCHF is trading in a downwards and currently is in a correction phase in which it is approaching a significant daily resistance zone of 1.14700. Once bears are confirmed i would consider 1.13100 as a target as it's considered the next major support...
Maintaining my shorts on this pair with validation coming from the 50EMA (turquoise) crossing the 100EMA (white) which forms a death cross in the 4hr time frame. GBPUSD has failed to make a new higher high and so I'm expecting a push down to the recent low, we may break this immediately, or retrace back to the descending trendline that's now formed. We're making...
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.90500 zone, GBPAUD was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
EURGBP got rejected last week on the 1D MA50 turning the 1D timeframe bearish technically (RSI = 42.823, MACD = -0.002, ADX = 20.983). Given the fact that the 2023 pattern is a Bearish Megaphone, we expect a continuation of this downtrend to the LL trendline. We are selling with an initial target on the 0.786 Fibonacci level (TP = 0.84450). ## If you like our...
Price is testing a major overlap resistance and at the same time, seeing a bearish descending resistance line continue to weigh down on prices. A reversal from here could see prices drop all the way to the 1.2606 level - but take note that there's a risk level at 1.2659 which acts as our intermediate support. Please be advised that the information presented on...
GBPJPY H4 Looking like we want to slow down on the gains here amongst a handful of ***JPY pairs, GBPJPY looking like the most attractive for shorts at the moment, but a little more confirmation wouldn't go-a-miss. Looking at USDJPY and EURJPY respectively, we have seen a downside dump and retest. Seeing shorts out throughout the start of Q3 and a deeper...
Hello Traders GBP/CHF has broken Elliot triangle correction. We expect another upward wave(wave C). 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...