After price broke higher tf supply, it retraced and tapped into a demand zone if formed beforehand. It took out liquidity it had left behind and then gave us a shift of inner structure, which could be a potential beginning of the expansion further to the upside. This then gave us a clean 1h POI to enter in on the ride to the upside.
Hey Everyone! I believe this pair has the potential to go down for the following reasons: - NFP came out positive for the US Dollar - Strong resistance zone 1.26500 - Psychological level at 1.2600 - Resistance meets the 100 moving average on the weekly I believe currently it would be wise to wait for that re-test of resistance before entering since the...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86300 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently EURGBP seems to be in a correction phase in which it is approaching the retrace area at 0.86300 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25700 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently GBPUSD seems to be in a correction phase in which it is approaching the retrace area at 1.257000 resistance area. Trade safe, Joe.
Details on chart - looking to see more buys in line with good data
gbpusd after increasing his body on chart , this is time to take down and this is why im selling this f… chart
Hey Traders! 👋 For Day 22/100 of our challenge, we will look at USDJPY upside potential this week. Technicals: - Impulse higher into 1.917 - Now retracing - Pivot area at 1.898 expected to hold as support That's it for now. Will be monitoring this thesis If 1.886 breaks, long idea is invalid
EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices. Prices are consolidating near the cycle lows on the 1-hour chart...
EURGBP is approaching a Triple Support combination: Support A (0.85500), the bottom of the Channel Down, and the 1day RSI's Channel Down bottom. The 1day RSI is also oversold under 30.00. As long as the price closes over Support A, buy and target the top of the Channel Down at 0.87500. If it closes under Support A, sell and target Support B at 0.83700. Follow...
The GBP/JPY currency pair is exhibiting a persistent bullish trend across various timeframes, consistent with our previous forecast. Yesterday, there was a notable price retracement around the 172.55 level, coinciding with the critical 50% and 61.8% Fibonacci retracement areas. This pullback aligns with the overall uptrend, suggesting a potential opportunity to...
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 172.900 zone, GBPJPY is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend 172.900 support zone. Fundamentally with the inflation concerns the market is pricing further rate hikes from BoE. Trade safe, Joe.
Cup and Handle formed on GBPNZD. The price broke out which gave a great entry signal. We could even wait for the price to retrace back to the Brim level and get an even better entry. 7>21>200 - Bullish RSI >50 Target will start off at 2.198. But once it breaks higher, we'll see more formations. Smart Money Concepts Sell Side Liquidity formed just below...
GBPCHF is approaching a major falling trend line that I spotted on 3 days time frame. The price formed a triangle pattern on an hourly time frame after the test. The support of the triangle was broken to the downside. I believe that the pair may drop soon. Target will be 1.1285 ❤️Please, support my work with like, thank you!❤️
Asset: GBP/USD (British Pound/US Dollar) Exchange: Forex Market Introduction: Welcome to our daily technical analysis. Our focus today is the GBP/USD pair on the Forex Market. The daily chart shows an Inverted Head and Shoulders pattern after a downward trend, suggesting a bullish reversal. Inverted Head and Shoulders Pattern: The Inverted Head and...
The EURGBP pair is completing today the first Death Cross on the 1D time-frame since January 21 2021. That is a strong long-term bearish signal on its own. On the short-term though, the price just hit the bottom of its 5 month Channel Down, while the 1D RSI, which is also on a Channel Down, hit its own bottom while turning oversold (below 30.00) for the first time...
LOB entry on GBPCHF 15 Mins for a Short position. R:R 2 FVG Above to be filled before market eventually goes down.
DXY bias is bullish so i am expecting weakness in GU. NFP week so things can get shiesty on Friday. Still expecting NFP to be ultimately bearish. HTF Bearish objective is sellside liquidity around 1.22202, which is a HTF Fair Value Gap. All other relevant POIs are annotated on the chart.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24450 zone, GBPUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.24450 support and resistance zone. Trade safe, Joe.