The GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at...
Hy dear members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDCHF. USDCHF Is making double bottom Pattern and now this is almost going to bounce from this level. And after this we can see a good Bullish wave. In this wave we can see price around 0.94 to 0.96 As this is daily chart so it can take time. When Market...
Here is my outlook on GU this week. Please comment below if you have any questions.
Lots and lots of entries. I had even forgotten that it hit TP. So now we ride until but we move SL into further TP
According to analysts at ING, GBP/USD is currently fluctuating below the 1.2300 level after the Bank of England's recent decision to raise the policy rate by 25 basis points. The economists predict that the pair will soon test the key resistance levels of 1.2420 and 1.2500. Despite the rate hike, the Bank of England did not provide much guidance in their...
Bank of England keeps adding the fuel to GBP by raising the hikes. The yearly R1 pivot is at 1.37. That is where we might see GBP this year. FOR EDUCATIONAL PURPOSES ONLY.
I think price will be able to push to the 1.35 lvl as time goes on. The UK is struggling to keep its economy afloat while simultaneously the BOE is attempting to fight inflation. One or the other needs to happen and a soft landing is not going to happen, especially with double digit inflation. Canada's economy I think will be able to resist a recession. It may...
Pound to face a good resistance from 102 to 105. We can expect fall till 80 in form of wave C. Invalidation level is 105.2956. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. ***Ignore the Indiavix and Yield parameters below the chart.***
Hello,Traders! GBP-AUD broke a strong Horizontal resistance level Which has turned into the Support level now and and As the title says the breakout Is confirmed even on the 2D Timeframe so we are Strongly bullish biased Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hello,Traders! GBP-NZD is trading in an Uptrend in a rising wedge Pattern and the pair broke A key horizontal level which Confirms the bullish bias And I think that that The price will go high In the near future Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Hey everyone. Welcome back to another forecast, this time on GBPJPY. This will be for the future outlook of GJ and where it can possibly head to. BOE hiked rates by 50 bps in its previous monetary meeting and market has priced in a 25bps rate hike in today's monetary policy meeting of March. However, the story of the hawk does not end here as its latest CPI y/y...
GBPCAD reached a major horizontal resistance. The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame. I expect a retracement from the underlined structure. Goals: 1.68 / 1.677 ❤️Please, support my work with like, thank you!❤️
Fundamental Backdrop 1. GBP inflation came out strong and paves way for more hawkishness from the BOE and rate hikes. 2. JPY continues to be the dove. Technical Confluences 1. Price is currently on a higher timeframe bullish trend 2. Price could tap on the H4 resistance above (red zone) 3. Price have cleared the previous daily low Idea Looking for the...
GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the...
You should have been stopped out in profits but now we wait for the retest before we enter once again.
GBPNZD formed a huge ascending triangle formation on a daily time frame. Its neckline was broken yesterday. Probabilities are high that the price will grow now. Goal - 1.998 ❤️Please, support my work with like, thank you!❤️
Move SL into profits, remember you're a money manager not a gambler. I've added another in accordance to my plan. PLAN THE TRADE AND TRADE THE PLAN.
The impulse was great but the current volatility is not enough, so the pullback will hurt and will punish ignorance. So either move SL up or SL into profits.