And so, the price is in a downtrend channel. The resistance area is now 1769.045 - 1794.835. Gold recovery is highly unlikely.
Remember, there is no place for luck in trading - only strategy!
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The British pound has punched above the 1.38 level in the Thursday session. GBP/USD is currently trading at 1.3858, up 0.63% on the day.
After posting three straight days of losses, the British pound has rebounded strongly on Thursday. The US dollar is in retreat against the majors, despite a positive unemployment claims release earlier in the day. Claims fell to...
Hello Traders, GBPUSD is approaching a very significant level of support on the monthly weekly and daily timeframe. it is highly likely that if today's candle touches this level, it will have a big bounce and may provide a very good trading opportunity.
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. 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 my next analysis.
Also let me know your thought in the comment section what you...
The pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.4144, up 0.20%.
The Scottish National Party (SNP) handily won the Scottish election, but investors sighed with relief as the pro-independence party came up just short of a majority. This means that plans for another referendum on Scottish independence may be delayed,...
GBP/USD bears stepping in at the psychological 1.4000 area.
Bears look for a test of the prior resistance and a 38.2% Fibo confluence level in 1.3880.
There are now expectations of a significant correction to test the prior resistance which has a semi-confluence with a 38.2% Fibonacci retracement level near to 1.3880
If you find this helpful and want more...
I am expecting to see a double tap manipulation here around this key psychological level before we see a plummet to the downside.
Ideally, your SL needs to be at 1.40435 to secure this more.
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- UK Interest rates to take a negative hit
- Corrective double top on the weekly resistance
- Daily Evening Star
-I n a short term down trend within an overall uptrend
- I want to see a break of the 8H counter trend line
- Price ranging within a daily mother candle
- Targets 1.27700
This is an idea for an intra-day trade on GBPUSD, if we manage to hold above the previous small resistance level then we can consider a small buy position into the next key level marked. It is quite obvious that GBP has finally reacted to the beating it was taking and on the lower time frames, you can see that price has begun to shift.
IG Client Sentiment - 52%...
After watching how price has developed over the last day I am more inclined on a buy bias on this pair. I will be waiting for a confirmed close above the resistance and the key level marked before I place any trades.
Now a short play after the breakthrough of the supporting trendline makes a lot of sense.
Price retested the trendline as expected to trigger the order for a bearish run.
S/L: 58 pips - R:R | 1:5 -
T/P: aiming at the resistance level
-Will we see the retest and the continuation to the downside?
-I am looking for a daily head and shoulders retest of the neckline. This could take place over night or during early London session due to the UK fundamentals first thing Tuesday morning.
-We then need to see how price reacts around the 1.22500 level which is a weekly support level for me and a H4...