A good SELL opportunity due to the fact that the current market is on a ranging market as well as the fact that it is high on RSI. We can therefore anticipate a drop.
There is further confluence when we consider the fact that the top linear level had been rejected previously 3 times.
this is a trade that is the continuation of trend from my previous personal trade which was a large short call 2 days ago from the 1.13 region which resulted in a large meltdown of eurusd yesterday i am now starting to look to see where this trade will go in future and have noticed that it is confirmed by the Fibonacci level
if i was to enter now it would be as a...
Looking to short GBPUSD from the sell zone (1.29000), we can see there is a 4h R1 pivot and a 15min daily R1 pivot in this zone. My target is to 1.28400 this is close the gap also.
Only enter if you see a reversal pattern in the sell zone!
Do not enter this trade if the pair closes the gap before price hits the sell zone.
Looking to Buy GBPUSD from the Buy range (1.28000-1.28150) , Target is near the 1.29000 level (+-100pips).
Only enter this trade if you see a reversal pattern or bullish price action on the 1H chart.
We can see indecision candles forming on the daily , this can result in price consolidating between these two levels.
Looking to Buy EURGBP as its in a uptrend. We have seen price break previous resistance and now testing the new support. We can see price bounce up from Buy range or the 200MA. Target is 0.90500 (60-70pips).
You can see where price has entered our support and resistance zone before and bounced back out of it.
This time we are expecting another bounce as price is at this level again, we are expecting price to use this zone or area as support therefore making bullish movement from this level.
We have quiet a few news releases tomorrow that will directly target this...