Price is sitting on a key support in line with the ascending trend line and 61.8% retracement where we could see a bounce from here.
gbpusd filled with succes these supply demand zones as i shared 2 weeks before, right now we have a doubble bottom formed that mean price failed to create a new lower low. in my opinion price is turning bullish and price should retest this year top high that was in february , to go buy in this scenario is to buy at fibbonacci retracement levels. Also who likes...
There was a reaction in the demand zone. I expect the development of the impulse to the North. GBPUSD - LONG ENTRY PRICE - 1.37050 SL - 1.36660 TP - 1.38200 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3....
In this analysis I am looking to go and retest the larger timeframe analysis level found at the price of 155 which so happens to be a very strong psychological level that may take a while to break through but should be the first indication to head up and retest prices we have not seen be tested in a very long time on the Gbpjpy. i have bought the break of the...
Our first take profit target is hit! We have now closed half the position and will look for continuation of trend. I will update analysis when we have more information available. If you like this idea or traded it with me please like and follow for more ideas. ORIGINAL TRADE IDEA BELOW
ENTRY : 1.37521 STOP LOSS : 1.38950 FIRST TAKE PROFIT : 1.36450 RISK : 1% CAPITAL Once first take profit target is hit we will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis. GL. Please feel free to comment and discuss. If you like this idea or traded it with me please like and...
Confluences: -Price just broke out of the 4H consolidation area -Personally now I'll wait for price to come back to retest the consolidation area -For an aggressive entry: I'll put a buy limit at the top of the consolidation area -For a safer entry: I'll put a buy stop when I see signs of rejection and continuation to the upside Additionally the weekly closed...
Chart explains it really. In line with higher time frame bias and confluence with bearish DXY I'm expecting.
Hi, If you are looking on 4H Chart, there is a trendline which has been breached which is signaling a downtrend. Lets look at the smaller timeframe where we can decide on our next move. I am going to the 15M chart to find another downtrend channel that could contribute to a further downfall of the GBPUSD. Note that if the channel breached the upper channel,...
Price is selling right now to the daily channel support as shown on the chart.
We have been only trading on the long side of GBP across several of the majors during the past few weeks and have had some of easiest timed trades focusing in one direction. A lot of money is lost by traders trying to trade both long and short especially within the same timeframe chart. A lot of the feedback we get from traders is how to identify the best pairs...
Our Currency Heat Map tells us to stay Long GBP. Still being the strongest Major currency we see no reason to be short the British pound, we are therefore pairing it with JPY which remains the weakest of the Major currency pairs for today's trading in the Forex Market. Buy using our propriety currency Heat Map filter it allows us to easily pair the stongest vs...
Looking for a rejection of support for this to climb higher. Recently broke above a big resistance level, if price can hold here and not fall below support again then there is a good long opportunity on this. Want to see MACD remain above 0 and EMA to remain bullish if and when this holds at support before longing. Target is at the next high of 1.88158
Hi everyone, looking at GBPTHB, we may see that GBP formed nice candle patter to the upside, also it's at 16 years low from where we should see a pullback at least to 50 fib. As brexit, covid drives markets, loots of people will seek holidays in warm countries once allowed, and as Thailand is beloved by Brits, we may see a skyrocket in the price of thb. This...
This has just retraced to offer another buying opportunity before this continues to recover back to the all time highs and beyond. For the best entry use 4HR timeframe with MACD and 10/20 EMA and look for signs that the retrace is complete.
I previously stated I was expecting this to drop a bit more but it seems to have formed some support in the current area but it is at 0.382 FIb so that is fine. I recommend waiting for the MACD to show some more signs of bullishness and EMA's to cross or come very close to crossing before entering a long. TP is at -0.272 Fib and SL just below 0.5 Fib as shown on the chart
This is at a big support level so looking to take a long position soon. MACD is showing on the daily that this is still bearish as it is below 0. I expect this to drop slightly from its current position, if it meets the support area marked in blue then that could be a good entry point with SL just below the lowest point of the support. TP is set at 0.382 Fibonacci...
This has clearly been ranging between the levels marked. It may continue to do this but I am only looking to trade this if it breaks above the resistance, then a long can be taken when it retraces and tests this previous resistance which will be turned support.