Higher timer frames from weekly to 4HR confirm strong bullish momentum. Strong bullish breakout from order blocks confirming momentum to the upside. High probability of this move completing as annotated. Swing move so be prepared to hold.
On the daily timeframe, price broke the channel and retested an important Fibonacci level (61.8). To execute this trade we have to wait for a break and close under 141.427 because it was our previous resistance and now acting as current support. Our take profit will be set at 137.583 which totals up to 380 pips. Stop loss will be set at 148.243
Buy at 143.15 The medium term bias remains bullish A bullish reverse Head and Shoulders has formed Buying pressure was posted in the market yesterday and has continued overnight There is scope for mild selling at the open but losses should be limited Preferred trade is to buy on dips Expect trading to remain mixed and volatile Stop: 142.75 Target 1:...
BIAS: LONG 5TH WAVE WEDGE PATTERN TARGET BASED ON FIBONACCI INVERSION + RESISTANCE
hello dear friends we continue discussing the long term projections on different financial instruments. The next currency pair on our radar is a pound dollar. Though many "guru" analysts predict a hard time for the British economy, we stick to a very simple rule: listen to what media says and do the exact opposite. With Tories win, we can declare with you...
POTENTIAL OPPORTUNITIES ON GBP/AUD: In the chart, we can see 4 opportunities presenting at different price zones. This means all set-ups vary depending on which price zone we are trading at. We are still however in an uptrend still until we take out 1.850 SETUP (A) - Long positions can be considered at this price zone as a double bottom formation will form. We...
Another one in Blue colour Merry Christmas to everyone
hey traders, I was asked a lot about GBPUSD and my take on it. for now, I don't have any active trade on this pair. the market has finally started to slow down and the first strong support to buy from is no 1.28. I will let the market follow the falling channel until the underlined support and there I will be looking for a reversal formation to buy the...
Stopped out on first entry, sending another this time with a bullish gartley & 200 EMA on the 4h - possible TL breakout
GBPUSD rejected at 1.35xx which acting as major resistance after the country went back on the leadership merrygoround. Here actively selling into all rallies in GBP crosses, although there is a caveat to Pound shorts in the immediate term. With Johnson and a ruthless Downing Street in full control of the press and hitting the “right” headlines the positive...
...That was it for the day on the FX board. Highlights going to EURUSD chopping through the 1.11xx handle and continuing its slow grind higher. We will need assistance from European macro numbers to make the move impulsive in nature (no surprises today’s PMIs suggest some early signs of stabilising). Services continue to do the heavy lifting while manufacturing...
short trade went active this night on GBPJPY. Reason - retest of the broken support. Now I expect bearish continuation to lower structure levels. T1 - 1.440 T2 - 1.425 Stop - 1.47
We've seen the HUGE 500+ pip move caused by the elections last week. Now we're witnessing the pullback before the slingshot is thrown to new highs. Clear chart. Clean analysis. Enjoy