The British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts. The GBP/USD pair is rebounding from the 1.2400 level and...
This is just a possible narrative that may unfold. Do not trade based on this without the proper confirmation. This is not a signal. If Phase 2 extends higher, then will look for possible NY/News reversal. If price breaks utmost swing high, then I will post where I think price will likely gravitate towards to.
Hello Everyone, GBPCHF 🥷🏾 We have here 2 scenario's The First one and in my opinion the most possible scenario ↗️ The ascending Breakout ↗️ 1️⃣ Buy after one ascending chart from the price 1.11285 🟢 TP 1.12240 🔴 SL 1.10880 2️⃣ Sell after one Descending chart from the price 1.10520 🟢 TP 1.09540 🔴 SL 1.10880 Good Luck and thank you Give us...
Aiming for the 1960 area in the coming weeks, mainly taking advantage of short opportunities. Use proper risk management, your comments, suggestions, and thoughts are welcome. Happy trading
Nasdaq 100 is forming a bullish movement. Trend analysis has shown a W shape pattern suggesting strong bullish movement.
I have predicted the movement of Baroda for short term delivery This is based on the Elliot wave theory
Nifty at a support zone 18350 Is what you need to watch tomorrow it it breaks down we will see a good momentum below this. 18270 can be our first target downside for tomorrow, If we break the trendline 18550 is the level we should watch. We can buy above 18550, Some resistance which we need to watch 18600 & 18700 For more details refer to the image. Comment if...
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$BTC BUY THE DIP, if yr not love these nice dips and buying them, then what are you doing in crypto??? A bunch of monkey trollers who believed in high is yr BTC haters, period! Lower the better, could be so lucky ,///////////btc long 19500
Its looking like we could fall all the way down to the next support level
XRP is going to $2, the question is, will it happen now or later? We are currently is a bullish corrective pattern and these patterns tend to break to the upside. If XRP does end up breaking to the upside then we can expect our first target to be $2
Hi folks, New trader here (less than 6 months) trying to build some reputation so I can join these public chats to share ideas. I thank all of you for your 'on the fly' ideas and helping to educate me. Onto my thought.. There is not a ton of resistance on the daily between the consolidation happening now and the next price move. The descending trend indicated...
Hello. Thanks for the likes on my last analysis. And let me bring you an update. On the larger timeframe (1D-3D) the market looks bullish and i expect to see an break of the ATH in a few days followed by a leg up to around 88k where we should expect some selling pressure as people and mostly algos . ( Algos is short for Algorithm and is used by a lot traders...
we can see, from the Monthly prespecive a strong Resistance line "TREND LINE", Weekly, the price brom the Resistance line and confirmed it with red candle stick, Daily we have strong Resistance area, the Red line, before reaching the new High price, 4H frame, i drew to white arrows, predecting the movement of the market, wait for the last confirmation from there,...
I took my profit since it was starting to decrease. I'll hope back in maybe when I see a change. P.s - I GET SCARED WHEN I SEE THE PROFIT DECREASE TOO MUCH. ~NEW FOREX TRADER.
USDCAD Descending Triangle on H4 Time frame. Currently expecting a break and retest of the trend line for a long term buy position towards the upper 3 resistance levels. Conversely price can always be a potential sell. Will wait for the break and retest before entering position.
Using the currency strength meter our members have can also help add even more confluence - the 'Sell' was a losing trade at the end of last week, but GBP was still a lot stronger than AUD therefore was a lower probability trade. Although, trading the strategy independently is fine as you can see with the back testing results - it can just help either remove...