This pair has shown a strong bullish momentum yesterday and looks set to continue this today.
I have drawn up two potential buy zones on this 4 hour chart.
Looking to enter on pullbacks to these zones.
Trade safe and good luck!
Gold has been smoking some of Bob Marleys magic plants because its just got F#cking high... it could have shared it with me haha.
Now gold broke key weekly resistance last night due to fundamentals due to FOMC ( i wont bore you with that now, google it if you want some reading that will send you to sleep ) Gold rocketed past levels and up to highs that haven't...
The exchange rate started to rise from its correction level. This was indicated in my previous analysis. Currently, the exchange rate can make the 1: 1 fractal build shown in the figure. In the event that this movement continues, the goal of the exchange rate is 2.60 usd.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2605.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.2585.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get...
FX:EURGBP, OANDA:EURGBP, FOREXCOM:EURGBP, FOREXCOM:EURGBP
A confluence of Fibonacci levels on the weekly - Selling EURGBP
Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions.
NOT A SIGNAL. Just a quick analysis, what do you guys think?
This was part of a challenge for our course to see how quick we can analyze a currency pair!
Will be moving SL to Entry at 15/20 pips profit.