A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
The GBP/USD currency pair has recently seen bullish pressure take control, with bears unable to invalidate the crucial demand/support zone at 1.23823. Over the past two weeks, the 1.25044 supply/resistance level has successfully held, prompting the question: what's next for the GBP/USD pair? To answer this, we'll analyze the daily, 4-hour, and 1-hour candlestick...
Hi All, We are looking at opening a sell position on GJ, as we are trading the range of this market. On the D1 we are see price rejection from the previous top of the rectangle box. So selling to the bottom of the range makes sense. our short term bais on this pair is still bearish into the summer. entry, tp and Sl marked. Like follow and share. Many Thanks
in what looks like a dicey setup, we still expect price to drop further. line Y may be retested. and as such, one must be careful on when to take position in order not to risk too much.
Considering the range formed a lot of liquidity in upper zone, institutions are trying to hit SLs from retailers. When the zone breaks, the price will likely go back down to follow the trend. The SL considers possible drawdown to make sure it does not get hit with a ratio of 1 to 2.5
Price has come back to OB where price made a CHOCH taking out 2 highs. Has only touched the top half of the OB but there seems to be more liquidity left within the wick. Price has also created 2 liquidity zones which were done intentionally.
ok...........GBPUSD currently tested its new highs in a long time now after the long term down trend due to the economic instability in pounds and to the advantage of dollar ,creating a break in structure (downtrend). currently on a retest at key support zone ....obviously the banks are involved in the upward momentum of the market ...(impulse upward )....on...
Green oval is where the price should start moving upwards, On a higher timeframe it has broken out of a large falling wedge The curve I have plotted should hodl Nicely aligns with the Fibonacci circles plotted also The yellow line is the 200 day MA
GBPAUD has reached important support zone which also act as 1.618 fibonnaci level, therefore we can wait for buy confirmation and use the 1.87640 target zone in the chart
10/08/2021 GBPAUD Entry Resistance level idea: 1.88650 - 1.89200 Resistance TP Support level idea: 1.86000 Final SL for all Short positions: 1.90000 Resistance Level Comment: 12AM mid-night, a trading idea just came into Roger V's head after looking at the GBPAUD weekly chart. - A risk that must be taken - A Stop-loss that may happen - A Take Profit may...
10/08/2021 GBPAUD Entry Resistance level idea: 1.88650 - 1.89200 Resistance TP Support level idea: 1.86000 Final SL for all Short positions: 1.90000 Resistance Level Comment: 12AM mid-night, a trading idea just came into Roger V's head after looking at the GBPAUD weekly chart. - A risk that must be taken - A Stop-loss that may happen - A Take Profit may...
Chart created a proper support at 61.8 fibo area. Expecting another drop before the bulls.
a triangle pattern formation is clearly spotted on GBPCHF chat, we expect this corrective structure to be followed immediately by a rapid continuation of price to the upside
GBPJPY H1 - Here is the analysis update for GJ too. Eyes peeled for those rejections.
A zigzag pattern was identified on the chart which signifies a corrective wave, impulse move is expected to follow immediately. Thanks for liking and following the anlaysis
GBPCAD The pair has been on a down trend and has been respecting the descending trend line as the resistance where it has been pulling down from ,at this juncture the pair has currently broken the previous weeks HIGH after a very long mini consolidation in that zone giving us a double bottom which price respected and bounced off from ....Currently on the previous...