it's possible to retest the lows before for GBPUSD before nay moves to upside this is a very nice trade for the short term let see until then plan your trade, trade your plans.
i will update u guys in case it needed till then its down side.
In our last analysis, we were short Oil and looking for prices below around the $60 level. Price action has been really clean for Oil and we are within a descending channel anticpating another drop. Looking for a strong bearish move to break the ascending trendline before jumping in this trade.
First TP: $62
Second TP: $58
Goodluck and as always trade safe!
We can observe a touch and bounce price moves, this week may just have more of bullish trades held and mainly scalp the sells
there might be a price break in trend but if that should happen then there will be a change of trend for the week
As the title suggests, GU broke out off the triangle pattern that was formed. This should give it the chance to continue the bullish pressure that was present previously. This trade has a RR of 1:4 with a 8 pip s/l and a 32 pip t/p
TRADE AT YOUR OWN RISK
Let me know any concerns or ideas
Multiple confluence point do both an appreciation of the U.S. dollar this week, on the back of multiple structural reversal patterns in both various equity markets but WTI, and vix being over 26 which suggest a bearish trend for the US500 / SPX. Wait for a rejection of the zone in yellow on the 4-hr time to short for a multi-day/week swing to the downside.
This analysis for GBPUSD on time frame 4 Hours.
Can entry sell now or P.O SELL price at 1.3100
*2nd option price breakout buy zone can continue entry BUY :)
YELLOW - ENTRY
GREEN - TAKE PROFIT
RED - STOP LOSS
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Here are the S/R Levels I keep an eye on for Wednesday, February 26. These are Price Points where you at least can expect some pause and possibly a Reversal. You can use these levels to frame a Setup or to exit an Open Position. The darker the area, the more likely Price has a difficulty to break through.
My goal is to help you identify logical...
GBPUSD has begun the process of retracement since the beginning of this week after it has surged as it turned bullish after breaking above a 7-week falling trendline.
It has completed 3 waves of retracement, or what some people called as three-dive down, and the price is now back to the sentimental price of 1.3000.
This would undoubtedly be a worthwhile trade to...
last week market pushed up from the support level..now after some drop market bounced again from same level forming a double bottom...
High probability Trade ..
---> Stops below swing low
----> S1 , S2
This chart mostly speaks for itself. GBPUSD has been looking to break that resistance line at 1.43 and has closed above that on the 4H. Look for the retest and then get set to enter this pair because it hasn't hit this mark since February of this year (and had candles close below where it is now).
Other market indicators are also suggesting this pair goes long,...