GBP pairs is expecting its movement since the UK PM announced brexit on 31st October this year. Al though I am not considering any news but Brexit effect has its own importance.
We are also in a good Bearish trend where the price crossed the weekly support (now resistance) @ 1.1916 . Hence I am placing a limit pending order with a strict SL for a triple...
Previous Week The price touched the upper channel line but failed to close above the Black Moving Average. Now It has the probability to retrace and try to touch the lower channel line.
A good scenario for going Bearish in this pair.
Sell @ 0.7440
I am buying this pair for the following reasons.
The Price has touched the trendline 3rd Time and probably get a retracement from here.
The Price is exactly at Strong weekly resistance @ 1.9100 from where I am riding on Bulls.
Watching an probability for the price to retrace from Blue Moving Average. Therefore placing the SL at 1.9010
The price has already made a weekly bullish engulf which made the previous week's Huge pinbar covered. Now the price is expecting to touch the 1.0000 area we are taking this opportunity by place a stop order.
Buy Stop 0.9900
The AUDNZD has changed its trend previous week. It is now topping more and more... The only barrier is previous week High which will probably be broken.
Buy Stop @ 1.0620
My each risk is 2% of my account.
My lot size for this trade 0.12
Risking pips 25
Rewarding Pips 50
patience is necessary.
Yesterday GBP pairs did some retracement which is enough to be at our sell zone....
A clear pin bar had been formed on H4 exactly at key resistance level....
Sell Stop @ 129.25
I am considering three factors to go Short in this pair.
Daily Trend is still intact as BEARISH
The price has reached to 50% Feb drawn from 01st August 2019 High to 13th August 2019 Low.
A strong Resistance is also available at the same 50% Feb. Level
Final confirmation done by extended inside bar on H4 Time frame.
Sell Stop @ 0.9795
With reference to my previous observation posted on 06th August 2019 We are still in the zone of reaching that target of key resistance at 1550 .
This week, the price may do some retracement till 1479-80 area which will be highly interesting for me to go long this...
with reference to the attached link for EURUSD analysis posted on 6th August 2019 , I am still Freddy sure for bullish direction in this pair. I just need to let the Pair touch 1.1114 - 1.1098 area and then form a bullish candlestick pattern for signal. I am always looking to levels as barrier.... We can see that trend line resistance already touched few...
This Week, EURGBP made 9+ years High. Now If it want some retracement it is highly probable to touch 0.9125 area. So We are going bearish to take some pips in this pair.
If our trade didn't triggered, then We might be heading to cross 2009 High which is @ 0.9648
Sell Stop @ 0.9235
With reference to our previous analysis about AUDNZD posted on 7th August 2019 as a bearish Probability, The price is now ready to go short.
It formed an inside bar on H4 time frame exactly at Weekly (1.0521) and Monthly (1.0544) Highs.
Sell Stop @ 1.0500
I am always look for 2nd retracement / retouch while taking a position. Here the daily trend has significantly changed its direction to Bullish bias on the start of current week. Yet We are at a very strong Resistance Level. First It touched on Tuesday 06th August 2019 and did some down movement. I was still waiting for the key position to hit again. And the same...
With reference to our previous analysis for short opportunity, unfortunately our SL hit due to AUD weakness. Now once again, the price came to our sell zone where it formed a bearish engulf on H4 time frame exactly at Key Level 1.7985 and Trend line.
Sell Stop @ 1.7925