As shown on the chart, the GBPUSD its currently following a downtrend on the 4H chart, making 50% Fibonacci retracements along the way. These 50% Fibonacci retracements could be used for short entries on the 4H timeframe.
Heavy pessimism about the UK/EU brexit deal its haunting the GBP and the EUR. With this fundamental information and the information provided by...
USDCHF has finally broken out the downtrend on the lower time frames. An strong February NFP data and a long waited Fibo-retracement should boost the dollar higher before we can see another drop.
We can see that the currency formed a reversal pattern on the daily chart ( inverted head and shoulders) and it's currently being held up by the 50MA which is also...
Possible XAUUSD short setup
XAUUSD Daily candle broke previous support to the downside
XAUUSD Daily trendline break and retest closed below support now turned resistance
XAUUSD Fibonacci level retested and closed below 61.8 retracement level
Gold recently broke a nice bullish trendline on the 4hr timeframe that had previously support price for around 3 weeks. Since then new lower lows have been made and price has pulled back.
At the current price around $1570 there is a nice intraday support/resistance zone and the 0.50 fibonacci retracement level.
Price is showing signs of rejecting this price...
The GBPUSD wedge was finally broken last week and price made a new higher high on the 4hr chart.
Price is now back down and retesting the upper wedge trendline and 0.786 fib retracement level.
This is a good chance to buy in on the new bullish trend that might become apparent over the next few days and weeks.
Nice higher timeframe bearish trendline short opportunity on USDCAD.
Bearish daily trendline and fib 0.786 combo. Looking to trade this pair down to the previous support at 1.29500 and potentially new lower lows at 1.28500 if the support breaks.
Stop loss 40 pips above the current level and TL.
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Hi guys, what a week ! Lots of movement in the market this week which is good to see, my bias for this pair is short (sell). I am looking for a spinning top or doji candle formation on the Daily time frame as another confluence to take this short and to allow the temporary bullish momentum to slow down. If this does form I will be scaling down to the 4hr and 1 hr...
GA LONG - this is a long term prediction. A big trade which you should only use a small slot size for and sit in this for at least 6 months maybe longer, look for rejection of the ascending trend line plus fib levels.
1200 PIP GAIN 6/1 RR
AN long. Waiting for a pull back to the purple box area given, this also lines up with the ascending trend line as well as the 61.8 fib level for us to look at taking a long trade.
Take partial profits.
200 PIP GAiN 9/1 RR