due to recent spike in coronavirus cases in UK the gbp is going to continue to fall which is my prediction could be a great sell opportunity this week coming.
GBPJPY H4 - Same as cable, short setup, initial short setup anyway almost complete. Continued theme for the GBP dumping off the back of any minor excuse for a short lived pullback, huge selling pressure seen, cable dipped as low as 1.275.
GBPUSD H4 - Short setup almost complete. As mentioned, much the same as all other GBP pairs, getting slammed at every excuse possible. Big bearish pressure, whether profit taking is seen today as it's Friday... we will soon find out.
The price have been very slow for this last 2 days. Im still expecting the growth
GBPJPY H4 - Short setup may still be valid, we pinned that 50% corrective point, still just trading below 138 or atleast around 138 which is where our weekly and S/R zone sits.
USDCAD H4 - Channel break and retest has almost been complete, just waiting for that bounce continuation. First target would be previous high and then anything beyond that could be trialed if new highs are set.
I found a harmonic pattern. Please do your research and use proper risk management.
EURUSD H4 - We have broken downside of the channel, but yet to have set lower lows, just waiting to see this lower low confirmation, then a pullback to optimise entries. Eying up possible shorts from around 1.18 hopefully.
EURJPY H4 - Very much the same kind of trading conditions as GBP just a little less aggressive, which we highlighted yesterday. Looking for exactly the same, WAITING for a break downside to clear 124.500 support and then a subsequent retest, this would be the next possible point to jump in with the downside trend hopefully.
GBPJPY H4 - As mentioned, the system doesn't change just because the environment has changed. Setting an alert for 138.000, this is a 382 corrective point, whole number, weekly and local support zone, so 4 confluences there. Will see where we are and how we are looking as/if we hit 138.000 for possible shorts.
USDWTI H1 - Consolidation is breaking, a retest of $39/B ish would be good, maybe even $39.10, moving this up the watchlist for a potential trade today.
EURJPY H4 - Little reaction from 125.400 support region, bounced 20 pips in quite quick succession, if support holds this may be something we look to buy. Not entirely sure of the EUR still, seemed to have lost a little ground since market open on Sunday, but not near as much as GBP pairs. If support holds a while on EURJPY and EURUSD (1.18 support) we could...
gbp is showing bullish trend consistently (Idea)
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
The 1,545 level had became in a support, so we should wait to retest that zone again to enter into the trade in the renounce to 1,555.
Hey to everyone, hope you are well! Last week was in a good profit for me, still have open short position on GBPAUD, which is currently moving in loss, feeling good. Wanna share my main list of 5 currency pairs, here you are: 1) AUDNZD - on this pair we got a valuable area on higher timeframe H4, D1. The overall trend is to the upside, so looking for new impulse...