*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
Long GBPUSD. Nice flag firmed. Two target signed on chart.
Hello traders , This my Trading PLan for CABLE IN THE NEXT Week My technicals : Structure Bullish : new high got broken so price is looking to continue to the upside Looking TO buy on discount area on Bullish order block ( demand zone ) Target is The old high near 1.35500 price level And Fundamentals : COT Close Longs and shorts massivly Expected seasonal...
Time to long cable. Daily channel is so nice to long. After yesterday fake breakout, I think the risk of long is low.
Is it a good momentum change for GBPUSD? Now that Bull candle has surpassed the trend line, i think it will be good for the upcoming bullrun. Good RR also
Longing the cable. Pound reached the support area I was looking for in the previous post, I expect a bullish run in the next couple of days/weeks. 200EMA and 50EMA crossed in 2h time frame. according to Forex sentiment 63% of the traders are Longing the pair, this is not financial advice but my views on the pair. Make sure to use proper risk management and I wish...
Looking for price to close and stay above 1.35000 psychological level. Looking for buy opportunities along with PA only if price stays above 135. Simple break and retest of structures and trend lines. First target 1.36000. Trade idea is invalid if price falls below 1.34650. My own analysis for educational purposes and not financial advice.
Long GBPUSD. Chart is so cable. Upper line of channel will be the target. Also, cable on support now and its time to long. So, do not hesitate.
Clean momentum to upside. 1.38 is nice area to accumulate longs. Dollar still bearish.
GBPUSD is moving in a upward channel. After breaking a key resistance level we can expect a retest then continuation to the upside.
GBPUSD again rejected below 1.37000 with on-going buying pressure observed on H4 on 2 levels (green highlights). Price rejection at either these levels will see the pair re-testing recent swing high at 1.37502 (or above). However, failure to rally above 1.37502 will likely cause cable to continue going further down. N.B - Let emotions and sentiments work for...
This is a potential Long idea, this would be taken based on price action at the time and momentum. I like this setup and with the correct risk management this can be a really good trade to take. I will post updates as we progress.
GBPUSD firmed a nice bull flag and i think its time to buy this pair. Stop loss is so short and risk-reward is so good.
Cable firmed a bull flag and broke it, Now, seems to be a new uptrend after 3 days correction.
GBPJPY broke its resistance curve line and now retouch the line. Good daily and weekly candlestick pattern and ascending scallop says time to long this pair.
GBPUSD has done a break and retest of the resistance trendline prior to the GBP Consumer Price Index data, which measures the change in price across a representative basket of goods and services. Technically the pair has done a break and retest, and is also now at fibonacci support. We anticipate continued upside into the 1.3955 level.
This is a great buy set up. Use proper money management.
80 days support line .618% fibo exp 1.276 fibo ext wedge bottom in 1h timeframe bullish wedge in daily timeframe