The pair is currently bearish with GBP being very weak today. As you can see in my chart, price : - broke the flag downards - is below the daily pivot level - is below all EMA I am targeting the next fib level @ 1.70140 levels. It's a 35-pip trade. Check out my past analysis! Trade at your own risk
Currently inside a structure with this pair. As you can see, the resistance we had a couple of hours ago seems to turn now into a support. Price is above all EMA's and managed to stay above the daily pivot level. I am buying the pair @ market price and will target the top of the structure, around 1.55800 levels. A nice 55-pip trade! Today I am taking...
The pair has been consolidating for about 15 days and looks ready for a move higher. The top of the channel was broken and price looks ready to test the next fib level as shown in my chart. The fib which was plotted was inverted. Price managed to get well above the daily pivot level suggesting buyers are in to support the up move. Last but not least, price...
Selling the pair because: - The pattern (in yellow) broke this morning EU time to the downside - Price failed to stay above the daily pivot level @ 1.63390 - Price is below all EMAs I am taking advantage of EUR overall weakness and AUD strength on H1, H4 and D, to sell the pair. My target will be the previous support as shown in my chart, around 1.61760...
I am taking advantage of USD weakness and CAD strength on H1, H4 and D. Price: - got stuck at 61.8% level and failed to go higher. - is now below all EMA's. - failed to stay above the daily pivot level which is the 50% fib retracement. I am selling the pair now and will target the fib extensions as shown in my chart. Trade at your own risk
We are currently in a pullback which is forming a flag. Price broke strongly my 4 EMA's to the downside. With GBP being very weak today I am expecting the pair to test again the 61.8% fib level which will be my target. Trade at your own risk
The curve was broken to the upside on July 14, European morning time. As you can see, it has acted successfully multiple times as a resistance and it seems now buyers are ready to push the pair to higher levels. I am buying at market price, my 1st target will be the 50% fib level from last top then If I see a continuous strong upwards movement I will target the...
The pair is supported by a nice parabolic curve which has shown multiple supports over the last days. This morning we have broken a structure to the upside, indicating buyers are in. We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels Check out the ZOOM below to understand...
The pair has broken its current arc to the upside which acted perfectly as a resistance since yesterday. This is showing buyers are coming in the game. We have a confluence zone which is shown by the pink + white fibo levels (short-term and long-term price action). As you can see these levels match perfectly. This confluence zone will be my target, around...
The current blue curve which supported the pair multiple times was broken on July 13, 2020. I am buying the pullback assuming today's prices have reached a bottom. As you can see, we have high volume node (HVN) around the 61.8% fib level which is my level of interest (target), suggesting it could face a strong resistance at these levels. Trade at your own risk
The pair broke its nice curve which was supported multiple times, as shown in my chart. With GBP being weak this morning and USD strong, I am selling the pair and will target the first fibo level area. I will wait for a pullback to enter since the pair is already down 45 pips. I will enter at a 50 or 61.8 retracement (pink fibo) from the top. Trade at your...
The curve has been broken and re-tested successfully. Looks like we have a H&S pattern as well. I am taking advantage of today's GBP strength to sell the pair. The current channel has been broken as well. I am targeting the 50% fib as T1 and 61.8% as T2. Trade at your own risk.
According to the form of the curve, it seems prices have shifted temporarily from bearish to bullish. I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside. I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib...
Very nice H&S Pattern formed on GBPJPY. Waiting now for a pullback around the neckline to short. The technical (and last) target is around 132.50. *** Trade with care and at your own risk ***
Entered long this trade at 61.8% fib level, taking advantage of AUD strength and USD weakness. The curve which acted as a resistance was broken this morning ,EU time. I waited an extra confirmation when the flag was broken to the upside as well. Any pullback will be an opportunity for me to buy. Target 1 and 2 shown in my chart. Trade at your own risk
I am looking to buy the breakout of this structure to the upside. We have a nice curve pattern acting like a resistance and price is currently developing in a bullish flag. I will only consider buying the pair whenever the price is beyond the curve and above the flag. My 1st target will be the former resistance which stopped the price multiple times over...
The current curve is doing pretty well its job as a support. As you can see in my chart it has worked multiple times over the last days. EUR being very strong against USD at the moment I am taking advantage of the momentum to buy the pair. We have a current structure on M15 which has been broken to the upside (will show below) suggesting the pair could go...
Price respected very nicely the curve in blue which acted as a support. The structure was heavily broken to the upside with this big bullish H4 candle. As you can see the projected curve (in orange) has still room for the pair to go up. With GBP being strong vs CAD at the moment,I am buying @ the market and will target the next fibonacci level @ around...