After price made a n extreme high during the asian session 2 days ago, price action has been bullish and has broken above that new high. On the 15 minute chart here we can see that Price is now retesting that major high with confluence with the golden fibonacci zone( the 50% and 61.8%). I will be waiting for price to come into the zone and give me some entry...
gj is about to sink as i believe the highs have now been purge and this is a perfect opportunity to drive price down for a correction for continuation of the bullish trend when the Asian bank holiday ends tomorrow
We have hit a long term resistance, a correction needs to happen. My TP is 140.500 and SL is 148.850. Good luck!
gbpjpy in every time frame is bullish but in weekly price is rejecting a strong resistence zone. on the left we have imbalance 200 pips , so i am waiting for price to pull back at fresh demand zones. lets see
GJ is currently still on an impressive impulse, which has extended a full cycle. I have two trend lines along with the last area of resistance marked on my chart, however if price does decide to depreciate it can do so and find support on any of the previous Fib levels. There will be some big news this week for the GBP so we may even see the start of a small...
Squeeze em up ? I dunno. GBP Pound has been bullish a while now. Bullish til it's not? Lock em down, UK restrictions are bullish for currency. Chart just looks bullish too as I believe UK does better during times calling upon fiscal creativity.
10 Bullish weeks in a row, when the UK economy is very much lagging behind everyone else. Surely it's due a pullback? Prepared for both scenario's. Looks a very good buy the dip scenario here to be honest classic TL touch, 61.8 area and 4hr support.
I think this will be difficult to Sniper. Has to be one of the most highly anticipated shorts for all banks
Waiting for lower time frame confirmation at sell area before open short position.
Ideal situation - Sunday open with a Gap up. Or Gap down and fill to the upside. Looking for an entry around this level + a few pips above. Testing some key levels. FYI 100% - this is NOT a trade idea for following, just testing behind the scenes. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our...
Important levels marked from W all the way down to H1, consolidation on the H1 is boxed and waiting for a potential breakout. Fib drawn on H4 with the target at the 61,8% level in mind, we can expect it to test that area (or worst case scenario 78,6%) and ride it all the way up. First analysis being shared, any ideas or suggestions are welcome. If price however...
Previous Analysis below.. GJ seems to be slowing down and is currently about to test a smaller trend line. There are two levels that I'm looking at for reactions to determine what I do next.
Price has finally slowed down after the huge impulse recently. It has also been respecting the trendline and seems to be on its way back down to a key level which was broken on the impulse. The larger TF shows that there was a larger down trend line which was recently broken. I expect a retest of the trendline, however there is no telling when that retest may happen.
I do like to see the bull in gbpjpy.... Let see how it plays out
Called in my free chanel already in profit.. watch my recent analysis on this pair for more infromation
Coming to a key area. We are now at Feb 2020 prices, pre Covid pricing. Has the pound really recovered to pre Covid levels? Here's the outlook, clear technicals. Bullish structure, HH's and HL's within the Ascending Channel. Looking for a pullback before, probably a further push through that resistance.