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...
Fundamental Backdrop 1. GBP inflation continues to remain elevated at 10.1% for the month of January. 2. BOE continues to take a hawkish stance and most recently raised rates by 50bps to 4.0% in its February meeting. 3. Inflation would need to make a marked fall for the BOE to revise its hawkish stance in the market. 4. BOJ continues to maintain its key...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is in the Golden Zone. Here it has Maximum chances we can see a good rejection. But if it breaks this level then we can see price around 1870. And if it drop from this level we will see price around 1825. Next few candles will give us exact...
GBPUSD perfectly respected an intraday horizontal support and bounced from that on Friday. A strong bullish candle signifies a strong bullish pressure. The market will most likely reach 1.2122 level next week. Please, support our work with like and comment!
GBPCAD is coiling on a key level. I see a horizontal trading range on 1H time frame. 1.6263 - 1.6274 is its neckline. Wait for its bullish breakout (hourly candle close above). It will be your confirmation to buy. Open long aggressively or on a retest then. Goals will be 1.6307 / 1.633 If the price sets a new lower low, the setup will become invalid. ...
From the last update on Wednesday we can see the 3rd lower high in the series is now in and price is now back at support. It"s make or break time for the British Pound as the week draws to a close and the dollar continues to hold up and attempt to push higher. Are we going to see lower prices for the Pound by the end of the week or will buyers regain control for...
We are cruising nicely, which doesn't mean we should be cocky and irresponsible. Move SL into profit, some profit is better than no profit. My SL is very close to current market price because I don't like holding trades over night and tomorrow is NFP so I do not trade it.
This pullback is adding to our judgement that it'll melt. You can close some trades in profit and wait for the reversal to finish.
A fast descending drive with a triangle correction. If this triangle is broken down, it can create another downward kinetic wave.
We add more trades and ride this the whole way down. We do not stop and we enter with caution, we are money managers and not gamblers. SO FOLLOW YOUR PLAN.
There’s been some decent swings in price lately. I believe the reason we witnessed such a dramatic rise and fall in price over the past two weeks was not so much due to euro strengthening over the pound, but because the pound weakened against the dollar more so than the euro. By this I mean that the pace of capital flight from pounds to dollars was more...
stopped out, but does not mean that we are completely out. We just have to wait for structure to complete the current phase of the cycle it is in before setting new trading goals for the week.
GBPJPY remains very bullish from the beginning of the year. After the last impulsive movement, the market retraced to a peculiar confluence zone. I see a perfect match between 0.5 retracement of the last bullish leg and a horizontal structure support. I will expect a pullback from that to 165.0 / 165.7 ❤️Please, support my work with like, thank you!❤️
Instant execution. Break, Retest and continuation. Give it room to breathe.
In this area, a corner pattern has formed with a valid divergence, which has the potential for price decline. We are waiting to break this pattern.