GBP/USD faced consecutive losses, trading around 1.2160 in Asian markets on Wednesday. Positive US economic data applied pressure. The pair retreated after reaching 1.2200, the 23.6% Fibonacci retracement level, the 50 and 100-day Simple Moving Averages (SMAs) confirming significant resistance. The 4-hour chart's Relative Strength Index (RSI) dropped to 40,...
Trade GBPJPY on breakout in either directions. Mange your risk!
GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support. The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Here is my analysis for GBPJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Market has been slow in the last few days, a few good moves here and there but generally slow. Hopefully with CPI and Unemployment claims coming out later today, market should pick up. Trade carefully and patiently. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...
BTCUSD wait for breakout and trade in the direction of breakout or place your but and sell stop. Manage your risk according to account size!
The Pound found itself rather unimpressed on the heels of the recent inflation data prints. Speculation abound whether there is one more rate hike left in the BoE, before long? (Likely.) Even so, everything (including the kitchen sink) has already been factored into the Pound crosses thus, any short fall in inflation prints from here on out are likely to have...
☑️Broke the structure on the D1 timeframe ☑️Broke the structure on the 4H timeframe (confirmation) If we break the market structure up on the 4H timeframe, we we'll go a little higher before drop, but if we break the red level on the D1 timeframe, the analysis becomes invalid🙅♂️ Good luck 🙌💪
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Currently in bullish trend on H4 and daily, in corrective wave.
Hello Traders in the previous week our ideas on the GJ pair has been awesome and accurate We have predicted the direction of the pair for months now and our ideas rate is 89% correct. We continues to share our idea on the pair movement showing the direction its going. We still believe the pair remains in the Bull run, the pair broke out a key area on the last...
looking at the existing market structure, the market may form a-b-c correction pattern with the possibility that wave B will approach the SnD area before falling again. if you look at the fibo retracement area, there is an SnD area that intersects with the fibo area with pretty good accuracy at notation 2.618. areas like this usually in the future will be...
Today the pair GJ was a bit slow in movement, and it remains bullish. GJ is consolidating after retesting the 200EMA in the 4HR timeframe but the pair continue to trade upward as it consolidate between 179.53 and 182.23. We will only follow the pair on the side it will breakout and retest for a long term trade but in the main time we intent to buy from demand...
Another day of trade has begin, we have been consistent with the pair prediction, predicting every move on the chart about this pair, GJ seems bullish as the pair couldn't mitigate the area value at the 182.7 to signal a bear move but rather follow the bull pattern coming down to mitigate the area of value in the 4HR timeframe from yesterday and as the pair remain...
🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨 * Here we can see clearly the next potential moves for Pound/Yen in coming hours or days * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * Here we can see clearly we can pull MULTIPLE setups from this trade. * I'll take first the SELL trade from EP(SELL),...
Fantastics as the Pair respected the Resistance zone at 183.799 and drop down to the 4hour trendline which is the 200EMA. after the retest the pair seems to be Bullish but this is confirm when the pair pullback to the 180 area of value and does not break through to the downside. The pullback to that area of value will play a significant role in the Technical...
This pair has been on my watchlist for the past few days and seeing it has broken through the most recent support level 182.015, I would love to see a retest of same level and then a rejection before I take the position. Here was what I posted some few days back Disclaimer: All trade ideas are given for educational purposes and should not be treated as an...