We could expect a breakout of the symmetrical triangle with a continuous bearish momentum to at least Price 1.21241 or bullish momentum to at least price 1.22439.
GBPJPY key levels. This week definitely looking for mostly buys as the current trend is bullish looking from the 4h chart.
GBPJPY UPDATE - KEY LEVEL REJECTION. History repeats itself again. Simplicity is the key.
As can be seen on the chart I think that bears will take over EUR USD based on my technical analysis. This trade has a Risk:Reward of 1 to 4,5 This is a personal trade and I kindly recommend to trade only if it fits your strategy.
Price has reached a clear area of previous resistance where it failed to go above, more rejections to the same zone and uptrend seems to be coming to an end, price is clearly exhausted after a 163 pip uptrend and is falling down possibly to the next previous key area of value. Profits will be taken halfway through the trade at a possible area of conflict and stop...
3x EV/sales 13.6x Ev/Ebitda huge rev spike this quarter really clean BS 4.8x P/B gross margins 43.9% in q2 - q1 gross margins 39.5% net margins at a healthy 18.5% in Q2- from 13.6% in Q1
There is a triangle pattern forming and price is reaching a level of high confluence. The bottom trend-line and support zones are going to cross. After this, I believe price reject off the 1.30200 level and keep heading up. If enough bullish momentum comes in, the triangle will break and we can even hit level 1.31600 and above.
Price is rejecting off 1.33200. Not only is this a key level, but it has proven to be a very strong resistance zone (and support in the past). We are also in a strong downtrend and have been for sometime. Trendlines on both the monthly and hourly timeframes strongly support this. Price is now at an area of high confluence and is presenting an opportunity to enter...
Patiently waiting for a mid-week reversal. Price action rejecting 123.000. Some fundamentals taking place as well.
Just took this sell trade on GBP/NZD with a risk-reward ratio of 1:3. I´ll trail my SL to BE as soon as 1:1 is reached and close 50% of the position at 1:2 RR. Let´s go! Best regards, Becker Investments
Bullish trend continuation expected following breakout of recent bearish trend , long trade opportunity presents itself due to bullish engulfing candle at 107.07 resistance and 50% Fibonacci support.
- A very decent set up for the coming week. - We can see how price as reacted to the 61.8% fib level and we see a strong bearish candle confirmation that bears are in control. -A Confluence for this pair is that the supply zone is line with the 61.8% level which shows that price reacts well to the level and more confirmation that price would retrace once it has...
Potential to trade the bullish AUDUSD major pair should price break the indecision doji candle positioned on the 50% Fibonacci area of value following a recent period of retracement. Possible 1:3 risk to reward ratio should price reach the 100% Fibonacci extension level.
At the moment, price has already made its Bullish move. Waiting for a Pullback to the mentioned zones for the potential Bullish trend continuation. Enter only with valid Confirmations, such as, Engulfing candlestick pattern etc along with keeping in view multiple Timeframes.