GBPUSD Technical Overview and Trade Idea The pair is trading at 1.31410 as of writing, above EMA 50 in the H4 Chart Time Frame. A bullish view. GBPUSD is consolidating between 1.31570 – 1.31200 as seen on the H1 Chart. The next step of the Cable will be determined by the direction of the breakout of this consolidation zone. Scenario 1: 40% probability. If...
Price moved above the cloud Target : 69.41
Fundamentals: EURUSD ended the week at 1.17200 under the shadow of the political jitters. Powell “lights the fire” by stating that “with a strong job market, inflation close to our objective, and the risks to the outlook roughly balanced, the FOMC believes that – for now – the best way forward is to keep gradually raising the federal funds rate.” who is...
XAUUSD Gold Forecast: One tweet and a trend reversal? Fundamentals: As our senior members know, we are Bullish on XAUUSD longer term, however, the bearish trend is likely to continue for a while. ( More optimistic, until September ) Why? Somebody wakes up, tweets and the trend is reversing? Something more is needed. Gold’s bounce started Thursday afternoon...
As described in the chart.
Fundamentals: Fears of currency wars may keep the Euro under pressure. No major data scheduled to release today. Trump’s comments about FED’s decision made a bullish effect on EURUSD. Dollar Bulls do not feel so confident. The last day of the week. Volumes could be lower and volatility higher as usual. Technically: EURUSD is trading at 1.16640 as of...
If we reach our target of yesterday's short trade ( The neckline of the SHS ) we'll short again at the breakout. As described in the chart
Let's keep it simple again. We have reached our targets. ( See attached idea ) I SHS pattern formation. We will keep you updated. - Members First :-) Good Luck
Fractal lines on different chart timeframes Daily Chart Bearish Bat Add short by the break below the target 130.900
Shorterm correction completed. Levels as described in the chart
As described on the chart. Wait for the breakout Subscribe to get all setups with entry stop loss and take profit level.
As described in the chart Wait for the breakout
Fundamentals: Powell’s testimony on monetary policy was quite optimistic pointing out the recent inflation readings are encouraging On the Euro side, we will have June inflation figures. On the US side, Housing Starts and Building Permits will be released. Technically: As seen on the H4 Chart, EURUSD is breaking out the Bearish Triangle. The price moved below...
Fundamentals: Friday was an interesting day both in political and financial aspects. May – Trump meeting caused a volatility in the markets. Highlights: Trump denied he criticized British prime minister after criticizing her ( CNN ) Both countries would not allow Iran to nuclearize No matter what the Brexit plan is, he finds Theresa May successful. Trade...
Channel Breakout As described in the chart
Bullish wedge and triangle breakout. Wait for the breakout.
As we have mentioned in our previous trade setup, we have reached our first target level. 1226 is our second target. Break below 1229 will carry the price 1218 and 1206