Brexit uncertainty is the most important factor that makes pressure on the Sterling. Like all GBP pairs, EURGBP is one of the most difficult instruments to trade. – CRUDE OIL, GBPJPY, GBPNZD, GBPAUD are at the top of the list – We have published our forecast and trade idea last week and the price reached our second target. We have generated 70 pips so...
Would you dare to trade on Gold this week? After months of speculations, Gala Night is almost here and we finally will be able to see if it’s a Horror Movie or Comedy for Gold investors. The producer and the director of the movie are FED and the leading actor is Gold. Gold trades in its narrowest range since 2012. Geopolitical uncertainty is providing critical...
Fibonacci 78.6% @ D As described on the chart
Our Short Trade reached the target and price entering the PRZ. Possible Retracement at D Fibonacci 88.60 AREA OF ENTRY: 1.06800 – 1.06700 STOP LOSS: 1.06400 TAKE PROFIT 1: 1.070800 TAKE PROFIT 2: 1.07350
As described on the chart Short SL : 0.95550 TP: 0.950000
Short @ breakout 0.88450 Target D Leg 0.77800 Bullish Shark and Long at the area of entry.
Tried to explain everything on the chart. GOLDEN CROSS EMA 50, EMA 100 EMA 200
After LONG trade, we will try Short Bearish Bat Levels as described on the chart
CHART TIMEFRAME: H1 CHART PATTERNS: Support Breakout and Bullish Crab Formation EXPLANATION: CHFJPY is testing 112.000 support. If it breaks below 112.000, Bullish Crab Harmonic Pattern would be completed at D 111.480. We may see a retracement at the D Leg. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
As described on the chart DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
As mentioned in our TA of yesterday, price tested 1.24200 resistance by breaking of the rectangle – triggered by the US CPI Data – However, it failed to break above 1.24200. The pair is consolidating again. The Main Trend is Bullish. 1.23900 is the intraday support. On the downside: 1.23600 and 1.23300 are the key support levels. Break below 1.23900 may lead...
SHORT 1.23650 TARGETS 1.23350 1.23000 1.23000 critical support Target 3: 1.22500
Our Short Setup reached the target and generated 55 pips Price is reaching the area of entry.
Midterm Trade Idea Potential Bearish Gartley Formation Long close above Fib 38.20 1.91000 Target and SL as described on the chart. We will look for a short opportunity at D
Break below Fibonacci 61.8 - 8250 - Levels as described on the chart
Indicators: EMA 50 and EMA 100, Murrey Math Patterns: Channel Breakout As you will see on the H4 Chart, the pair is likely to retest 0.88500. 0.88200 will be the target of the pair after the breakout of 0.88500 resistance. If the price breaks below the trend line – Fundamentally and Technically 85% Possibility – add Short Positions with the target...
Midterm Bearish Trend is over. Price is above all major EMAs. We might see retracement towards 1.39500 and 1.39200 Those levels can be used as buying opportunities.