When the MONEY SWING HAPPENS the route BEGINS: The fake out to clean out BUY side liquidity. Then DIP to create low of the session. A Few Set ups will present afterwards. As Snipers we are trained to snipe with no hesitation. Our entries rarely have draw down because we trade with the INTERBANK ALGORITHM that provides price delivery for the Forex Market. We...
Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color (LONG TERM) We have 1 Downtrend in red color (LONG TERM) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of...
FX:EURGBP The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
FX:GBPJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
There has been a clear visible range of GBPCHF for some weeks now and its finally about to break down through the support levels shown on the chart. Now this isnt guaranteed, but when support is tested like that too many times, theres a good chance of a breakdown. You could short here but it would be risky and the Stop Loss wouldn't be viable. Or wait for a break...
But a little later. The chart is still bearish; I see no reason to explain the direction. It's just another opportunity to ride the wave. Yes, we have unfilled imbalances (Fair Value Gap) upstairs, which can be a magnet for the price, but they must remain untouchable until the price reaches the mark 1.97. Sure, if the pound does not want to die. Why? Cuz price...
FX:GBPJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
The British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending. The UK economy is expected to fall into a recession, whilst a recession in...
Broken Support, easy Short opportunity. Waiting to retest and rejection entry.
FX:GBPCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
With everything going on in the world right now, we have a risk-off trading environment and we a running towards the safe heavens currencies so for those reasons believe this would be a great setup if we reach the resistance level and reverse from it with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
Hi Traders, GBPAUD recently created a double top within a corrective structure which gives us a bearish view on this pair. As we haven't gotten a breakout from this channel, price could retest the upper boundary before dropping. Looking for further development before taking a short. Please support me by commenting and share your view on this pair. Click...
GBPAUD 1.9090 target lets go... learn learn and learn trading one day you will be
Continuation of Daily Descending channel Restest of previous resistance Await economic data (better then expected US) Look for short set ups
We can expect a lower high near at fibb 50%, last two times lower high formed at 50% Fibonacci retracement so we can expect that bears will attack.
FX:GBPJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
FX:GBPCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
GBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy...