✅AUDJPY bounced off the resistance level and a second peak is forming right now. A downward turn is quite possible.✅
🚀 SELL scenario: short to 92.5.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GBPUSD slumps at the stellar US NFP result on Friday to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
Hi Team,
Last week my analysis for Gold was on point - we saw a big breakdown after the much higher than anticipated Aug Non-Farm Payroll result.
This week I am expecting a retracement. We saw rejection of the daily ascending resistance (see chart) and will, I expect, move up to our original sell zone. I do not expect a break above the weekly descending channel...
EUR
FUNDAMENTAL OUTLOOK: WEAK BEARISH
BASELINE
In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger than expected...
GBP/USD: Short Trendtrade H1
> H4 structural break
> LH and LL established
> POC above current price
> BOS is our sell zone
This is a short-term H1 Setup, coupled with the preceeding H4 structural break.
We already published the H4 idea, but this setup can be used further.
Meikel & Team WSI
✅EURJPY has reached the resistance level. Now the price has started a reversal. A slight correction is possible.✅
🚀 SELL scenario: short to 135.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GBPUSD have daily downtrend we can try to SHORT GBP.
totally the trend the midterm and long term has down trend .
I rather to price comes up and complete the correction (more than 50%) the I will short the GBP .
the master target will be at 0.67000.
GBPUSD is declining towards buyers level, will there be price rejection at this level? If price is rejected with a strong bull bar, that's positive, else the pair may continue to decline...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Bearish on GU similar outlook as EU. Short targets annotated in chart. I don't expect last week's high to be violated, however the market could always grab liquidity above it before continuing to the downside.
GBP
FUNDAMENTAL OUTLOOK: WEAK BEARISH
BASELINE
The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...
The current NPF scenario shows that USD is still strong, and the price is expected for USD to rise but , here in the current scenario price of GBP will move upwards in upcoming weeks.
Please like, share and comment.
Hello my friends, Everything is clear on the chart for you like always. Monitor the price's action at the levels.
Good luck.
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Write your comment and opinion below to me
As one can notice that pound dollar is following a sell trend. However, it is an opportunity to place long bids on #GBPUSD as it is in a retesting phase. Moreover, you have to place your sells on the supply zone as mentionned clearly in the graph.
#HappyTrading
A retest of 1.2026 on the 1hourly chart, not only it would give us a retest or to some a double bottom with an RSI Divergence, if you look at the bigger timeframe, the daily chart, you would see a potential Head and Shoulders Pattern that give an opportunity to long on this counter-trend trading setup.
For a full explanation of the GBPUSD analysis and forecasting its direction, it is better to refer to the AUDUSD analysis
I will put its link at the bottom of this analysis
The bull flag pattern is discussed in that analysis
*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
the pound has been weakening since last year, whilst the dollar has been strengthing.
Fundamental analysis
the recent US non-farm payroll statistics for July 2022 recently came out as WAY more positive than expected. Us unemployment rate has also declined whilst the fed is increasing hawkishness by raising interest rates t record levels. ( so have GBP but not to...
