Looking to buy this pair as it has broken and trendline and retested and should be heading to our weekly supply which is our TP
This is what I see, should the inverse H&S play out and happen. A strong break of the neckline and retest should direct us straight into this trade.
Hey traders, GBPCHF broke and closed above a major falling trend line on a daily. The broken trend line turned into a key vertical support now. Probabilities will be high, that a bullish movement will initiate from that. Next goals for buyers: 1.1423 / 1.151 ❤️Please, support my work with like, thank you!❤️
Bearish on GU, I want a stronger low to be put in before I am convinced of sustained bullish price. Expecting a drop after last week's high is violated. Here are the levels I find interesting at the moment. This is in line with my bullish DXY outlook.
The GBPUSD rebounded from the buying zone i identified in my previous analysis, but it is now consolidating just below the 1.2200 resistance level. The second wave has less momentum than the first, indicating divergence on momentum indicators. If the price fails to break above the level and forms reversal candles, this could signal a double top pattern....
Hi; good evening. GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second...
GBPJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
Price action analysis on GBPUSD. Directional bias. Key levels. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Broken resistance turned support, and a demand area close to the new support makes this a good buying opportunity. Thoughts?
The GBPUSD has broken down from a bearish price pattern, touching the monthly trendline at 1.1800 before rebounding to retest the previous breakdown level at 1.19254. We anticipate a potential reversal from this level back to the downside, although there is also a possibility for the price to continue rising towards 1.19984 before reversing...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD. GBPUSD is breaking falling Wedge Pattern. And this wedge indicates that we will get a Bullish wave after this. Here it has maximum Chances we can see a good Bullish wave. We can see price around 1.27 soon. As this is daily chart so we can see small Retesting...
GBPAUD reached a key daily structure resistance. The market was nicely rejected from that on 4H first, then, a bearish engulfing candle was formed. I expect a retracement from that structure. Goal - 1.804 ❤️Please, support my work with like, thank you!❤️
GBP/USD GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound...
Fundamental Backdrop 1. Upcoming GDP q/q for the GBP releasing this Friday. 2. A positive print and above forecast will set the GBP for some bullish pressure. 3. Overall, due to interest rate differential and the difference in monetary policy stance of BOE and BOJ, GBP continues to appreciate against the JPY. Technical Confluences 1. Price has officially...
Hy team. We are here to update about EURUSD. EURUSD is at a strong resistance level. Here this is trying for a good bearish wave. In this drop we can see price around 1.06 Keep in touch we will update further soon. EURUSD SELL @1.06800 TP1 @1.06600 TP2 @1.06300 TP3 @1.05800 SL @1.07500 Note:- Use exact entry or below this level. Trade in sell stop only.
We have a parallel channel in the 4-hour time frame and a flag pattern in the lower time frame, which is currently strongly broken and the flag pattern will be broken soon. Having said that, we will wait for the euro to gain strength against the pound.
The GBPUSD completes the downward move following the formation of the Head and Shoulder pattern. As the price test and failed to break below the 1.1920 price area, the GBPUSD has rebound strongly to the upside, above the 1.20 level, and could approach the resistance level of 1.2070. Currently consolidating along the 1.2040 price level, look for further DXY...