We will reconsider a reentry if stopped out.
Inverted Head and Shoulders looking like a buy with DXY showing weakness
Welcome back! Please support this idea with a LIKE if you find it useful. *** GBP/USD - is currently bounding between 3750 resistance and 3580 support. We may see it move sideways before breaking higher or lower. On the monthly, we do see a strong impulse to the upside and prefer to see a correction back to previous resistance which will become future support....
The GBP has been strong for the past couple of weeks. Manufacturing was up last week, earnings were up, and unemployment was slowly shrinking. The vaccine rollout in the UK has gone relatively smoothly in comparison to other major economies, so there's a case for recovery and a strong GBP fundamentally. However, the Pound basket has an existing resistance around...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (144.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (144.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
A bit messy but I hope I got the overall idea across. We have been seeing the same patterns appear over and over again. Anticipating a short phase next. Confirmation? After the trendline breaks there'll be a short set up.
A bit messy but I hope I got the overall idea across. We have been seeing the same patterns appear over and over again. Anticipating a short phase next. Confirmation? After the trendline breaks there'll be a short set up.
Selling GBPCAD ENTRY:1.75200 SL: 1.75753 TP1: 1.74666 TP2: 1.73920
GBPNZD on the daily chart after a double bottom over a monthly trendline tested the resistance area at 1.91500 and retraced inside a bull flag. The market bounces exactly over a weekly support and created a strong impulse on the last trading day of the week. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long...
EURGBP after our last idea almost reached the monthly support as expected. The price is moving between 2 narrowing trendline and is creating a falling wedge. If the market will bounce over the support and break above the upper trendline we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
Good reaction from Key level identified We are hunting pullbacks to buy across GBP pairs.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/USD ⚪ Technical Analysis : On the 4th of February 2021, the price got an interesting rejection on the level at about...
Will be looking for wick to be filled and retest on previous daily high, picking up liquidity and more orders to go on and break through daily high, pound showed strength towards the end of last week. Fundamentally in tact with over 12 million people getting their first covid dose, UK on road to recovery?
Once again, the British Pound is reaching the major resistance level (1.3750) which has been tested multiple times but it hasn’t been able to break above. Now, from my point of view, apart for the major resistance since 2018, we also have the previous trendline support which turned resistance. If the previous trendline support (now, resistance) and the...