+ Retail sales + PMI data will + Brexit trouble + Delta variant high cases may create new lockdown measure
Watching GbpUsd for a potential sell between 1.4130 - 1.4140 to take out the below Sellside Liquidity. If we break above this level we can look for a run above the highs above.
Technical Analysis for GBPUSD on the 4H Timeframe. Mixed feelings for the Cable for the week ahead. As expected, Cable went to retest the 1.41800 area before heading down on Friday to the 1.41000 area. My Personal BIAS on GBPUSD is BEARISH but ONLY after taking out the buy stops resting at the 1.42000 area, before crashing towards the 1.40700 key level. If I will...
History always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come. One more spike to the upside to take out the shorters and way down we go.
First-time publishing, South African, been trading for a few years. Please like, share, and follow. Daily - Double Top formation at key level 1.40000, rejection. 4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal....
As we anticipated in our last week’s outlook, GBPUSD found some resistance at our target and started to drop. For this week, we expect the price to continue being bearish and drop towards the support area that we highlighted, having a chance to break the $1.36 low. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided...
Price will go above 1.378 to reach above the equal highs to capture liquidity and a possible scenario is price will hit a key level @1.38110 and retrace to below the equal lows at 1.368. DXY has very obvious bearish market structure forming which makes me think we can see a move to the upside to capture some liquidity. Sell@ 1.38110 SL: 1.387 TP: 1.357 Levels...
Price has came to retest a previous level of resistance in the market. Its appears we have had a fake out above this resistance level before seeing a bearish engulfing candle close back below this level. This also lined up with rejections at a key fib level. On lower time frames we will be looking for a break of the next level of resistance before considering...
With price breaking below a major support level and now coming back for the retest, Stochastics showing some nice divergence on the 2hr and also some nice price action in the form of some pin bars reacting of the major support level. I would like to see this now push further down.
Previous Day's High taken as price hits a key supply zone. Targeting the initial Weekly Low as my take profit.
Hello! I'm a total rookie when it comes to trading, this is the first idea i'm sharing.... so you've been warned! mwah hahaha (gulp) Would be great to see comments on this idea for a very short-term risky long position from market open to a longer-term (weekly) short from R Line. I'm expecting NFP to be positive enough to make a difference this month......
USD fundamentals heavy day - positive fundamentals strengthening USD against GBP. 100pip sell off with no drawdown. Completely risk free now with a scale in as daily breaks previous daily low. Potential runners.
Expectations are a decline. Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit. Trade with caution, this is not financial advice. Entry: Market SL: 1.39550 TP: 1.36500
Expectations are a decline. Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit. Trade with caution, this is not financial advice. Entry: Market SL: 1.39300 TP: 1.36500
FX:EURUSD Market structure broke quite a while back, which is now forming LLs and LHs. On the H4 I have drawn a small little Fib which captures what looks like a retracement... hoping to ride this all the way down and later on to look for more opportunities. However, if this does break the above the drawn Fib, we can expect a retest on that D level (1.21610)...
Hi there. I see this pair is creat a bearish momentum. And market is so over extended. At this moment i see a sell opportunity in this pair. Next is next. Wait for market update.see you leter
Expectations are a decline. Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit. Trade with caution, this is not financial advice. Entry: Market SL: 1.38500 TP: 1.36500