Pair has been in a bearish trend for weeks now. It touched the lower line of the weekly uptrend channel. Weekly looks bullish. GBPAUD should retest or start a bullish swing soon. 1H chart, 1 bullish pinbar has been formed. Hence, we now buy the pair. BUY at 1.7690 SL: 1.7650 TP1: 1.7980 TP2: 1.8100 Subscribe to my free telegram channel: t.me/rnxcrsignals
GBPUSD has arrived at recent supply area. there was a strong rejection candle in 11 July. price has came back and retested this area. No higher high and V formation. This afternoon could take the short term short (day trading plan). Target at around 0.618 retracement area. good luck
Day Trade - Expires at 9pm today Trade Idea The medium term bias remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Bespoke resistance is located at 1.7946. Prices are extending lower from the bearish flag/pennant formation. Further downside is expected and we prefer to set...
GBPUSD few days ago entered a support zone and was about to test the low of the year 1.24550. However, it appeared from a bullish perspective that odds of a strong reversal were increasing. Moreover, prices soared on a spike heading the nearest resistance zone. Possible targets: @1.28140 (+70pips). Advice: Buy any low points while we don't reach 1.26500 bottom level.
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Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. There is scope for mild buying at the open but gains should be limited. We look for a re-test of the upward trending resistance. We have a 61.8% Fibonacci pullback level of 136.79 from 137.79 to...
Trade Idea Broken out of the channel formation to the upside. Bespoke resistance is located at 1.2532. There is scope for mild buying at the open but gains should be limited. A higher correction is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Preferred trade is to sell into rallies. We look to Sell...
EASY MONEY TRENDLINE/BREAKOUT -WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION
There is a chance of a swing to the upside as we have generated 2 exhaustion patterns at cyclical support. We now need to break above cyclical resistance in blue to suggest higher highs. Indicators for MT4 The Hidden Market Order (Cycles) Pattern 9 +13
There is a chance of a short term move to the downside. #The Hidden Market Order
Continuation for 138? Price rejecting temporarily 135.8 price If it breaks initiate long and hold till 138 JXY at resistance BXY at supply Potential rally
Sterling index at demand zone Higher low formed Doji at demand zone RSI oversold (4 hour) SSO oversold (4 hour) Buy GBP pairs?
The price has bottomed within a 1-year range with multiple signs of reversal. A bullish bat pattern was formed while the price has broken above an immediate falling trendline. Besides, the current price could also be the beginning of the 2nd shoulder of an inverse head and shoulder. Aside from the technical aspect, the pound is simply undervalued for a long time...
Trade Idea Broken out of the triangle formation to the downside. Continued downward momentum from 137.79 resulted in the pair posting net daily losses yesterday. Negative overnight flows lead to an expectation of a weaker open this morning. We look for a re-test of the upward trending resistance. Further downside is expected although we prefer to set shorts at...
FX:GBPCHF , OANDA:GBPCHF , SAXO:GBPCHF Here is a video on GBPCHF. We posted a buy idea on the pair this morning (see the related idea). Just a quick run through on the reasoning behind it and why we thought it was a decent speculative trade to have a look at today. Feel free to comment if you have any questions or would like to discuss anything. Full...
Traders, Here we have XLMUSDT 1D chart. It's an interesting idea with interesting title, So let's immediately explain. XLM time history only found on POLONEIX Exchange..and by looking at the chart we have a situation here: 1- 50MA 100MA 200MA all crossing each-other with an important GOLDEN CROSS 50 over 200 2- ABCD triangle which is the only one left not...
Price has approached the key daily barrier of 1.27500. If today's candle can close as a spinning top/ Doji we can anticipate a potential short to the psych zone of 1.26000 in confluence with 61.8% fib level, to form a right shoulder before the sterling extends higher.
-WAIT FOR BREAKOUT -WATCH FOR RETEST -EXECUTE WITH CONFIRMATION