GBPJPY in a triangle formation with the top channel being tested and rejected. Look to sell at the top of the channel down to the bottom. 1. RSI on large time frame in the sell zone. 2. Top channel tested and rejected, resistance held. 3. We are in a triangle formation with price moving within the two boundaries with the bottom targeted next. Entry @ 142.00...
As the title suggests, GU broke out off the triangle pattern that was formed. This should give it the chance to continue the bullish pressure that was present previously. This trade has a RR of 1:4 with a 8 pip s/l and a 32 pip t/p TRADE AT YOUR OWN RISK Let me know any concerns or ideas
GBPJPY H1 - Bit of a consolidation break seen amongst GBP pairs this morning, yesterdays selloff influenced by the UK third national lockdown confirmation (selloff was seen ahead of the announcement), consolidation seen over the eastern, and bearish resumption seen as we catch EUR/LON volume during their opening hours. Currently on support here on GJ. Lower...
Simple straightforward trade set up. 1. Price on uptrend line. 2. 4hr,2hr,1hr RSI in buy. Expecting price to follow triangle pattern formation. Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple 2020 Growth: 206%
Welcome back friends! 2020 was an unfortunate year but a great year in Forex. No matter the economic issues going on world-wide there are always opportunities in Forex, this is why I love the market. Trade 1 to start off 2020: GBPCAD is in a wedge triangle formation pattern. I am definitely expecting a breakout but time will tell as we have technicals that...
With the Brexit transition starting - let's see what happens. Outcome for a Brexit 'Yes' vote. As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way. We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks. January update: The amount of deals...
broken a resistance now being supported as well as a trendline break..
British Pound looking stronger on multiple currency pairs. In particular in the last several days with Brexit Deal. I think the GBP:JPY pair looks the best. Possible also SHORT EURGBP as the charts look pretty much INVERSE of this chart. Longterm Downtrend line just broken and retested on the daily TF. Bounce off support is breaking above recent high giving a...
Compliments of the season traders! <3 Here is a long-term GBPAUD chart to start the new trading year. GBPAUD started a corrective phase after a five-wave massive decline. In this analysis, I focus on the corrective pattern that's unfolding from September low. Price seems to be making a possible 3-3-5 flat corrective pattern on the daily chart. If this count...
EURCAD had a nice impulse up with an ABC correction. This could be a good buy opportunity as our correction should now have finished and as the EURO strength has some more room for another push up. Driving factors: Brexit trade deal Covid19 Vac news Inflation rate Small buy for 220 pips from this level seems worth the risk. However large volume will resume...
On both the 4-hourly chart and the daily chart I've observed a break and close above the previous high, what's interesting is that the new structure break looks weak, a situation like this has the potential to open up for a bigger drop. For that I'm waiting for a break and close below the red line on the 1-hourly chart, preferably closing below the blue...
Last week I've shared with you the sideway consolidation expansion and the details that you need to look out to engage the trade. Trade1 would give your 39pips of profit which is 390USD/lot traded. Trade2 would give you 49pips with just the 1st target which translate to 490USD/lot traded. The entire move to the maximum potential from trade2 gives you 112pips of...
GBP/USD All I want for Christmas is a Brexit Deal! The price pushed higher after a post-Brexit (trade, fishing and other issues) have been discussed and agreed upon just last week, only seven days before the UK will permanently depart from the European. Our analysis still points for the price to go down in the short-term in order to complete a bigger corrective...
In the weekly chart, we could see EURGBP chart form a potential head and shoulder pattern. This pattern will be confirmed when the price breaks 0.6610. Using the head and shoulder target price theory, the price will be drop until 0.84500-0.85000 area and this target price also being the demand area of this pair.
The Aussie is gaining further traction - GBP has further downside positional power looking down to the below zones; 1. Zone 1: - we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows. From here we...
After the Brexit deal was done I expect the GBP to show a lot of strength with this perfect technical and fundimental confirmation I believe this is a good opportunity to go long on this one. DovyFX
Now Brexit is done and over (pretty much), US FED to turn the printers on for a couple more years yet and UK on WTO terms. UK looks like a good time to buy UK Indexes, clean energy, and the pound sterling (GBP/USD)