The GBP/USD pair, having met our projected zone at 1.2550, initiated a bullish surge in Tuesday's London session to counter yesterday's sharp decline. However, it may encounter resistance near the 1.2580 level before potentially resuming its bearish trajectory. The pair's appeal remains limited amid subdued market sentiment. Traders have adjusted their...
By checking the gold chart in the 1-hour time frame, we can see that the price was able to correct up to $2228 last day, and then it started to grow again, and now gold is trading in the supply range of $2256! Note that the only supply level in front of the price is $2256 to $2266 and we may have a negative reaction to this level again! If the price starts to...
The EURUSD pair quickly hit our 1.07250 Target, which we set on our most recent sell signal (March 27, see chart below): Moving out to the 1D time-frame we can see that this is the Bearish Leg of the long-term Channel Down pattern that started at the beginning of the year and we are only halfway through it. Also the pair just completed the first Death Cross...
Hello guys this wonderful indicator could save you from so many losses in trading. It could help you detect if price could potentially react at your POI levels, and detect early price reversal try it out and get back to me with your feedback Disclaimer: Trading the financial market carries huge risk, my contents and materials are based on my own personal...
The EUR/USD pair retreated ahead of crucial statements by key Federal Reserve officials. Michele Bowman, the head of the Kansas Fed, John Williams of New York, Loretta Mester of Cleveland, and Mary Daly of San Francisco, These will be important statements since they will come a day after the US published strong manufacturing data. According to the ISM, the...
Gold price trend to continue buy during session It is expected that price will continue in the buy trend And can approach the price range of 2258 Gold buy from 2258 _2250 1st Target zone 2290 2nd Target zone 2320 Note: Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the...
#GBPUSD day Plan Short context on all timeframes, with the scenario canceled in case the price consolidates above 1.25558.
The NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023. The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current...
The document upward push in gold expenses is an indication that buyers are involved that the Fed will now no longer be capable of manipulate inflation while it begins offevolved slicing hobby rates. Investors ought to watch for a pullback earlier than buying. Gold can also additionally go back to the fee of 2,a hundred and fifty USD and could appeal to quite a...
The CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) : Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of...
Dear Colleagues, I assume that the price is in the ending diagonal. This means that the price will update the maximum a little more, after which I expect the price to decline to the support area of 2153.085. I expect the 5 wave structure to complete the formation. Watch for updates of the idea, the price may start moving towards the target, so I do not recommend...
Dear colleagues, the price is forming a five-wave impulse and at the moment I suppose that the price is aiming at the support area 1.06836. I assume that wave 5 will be completed there, then I expect the resumption of the upward movement at least to the resistance area 1.08013. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hello traders, we want to check the EURGBP chart. The price has reached the specified support level after moving in a descending channel. We expect this level to stop the downward trend of the price and the price will grow to around 0.85650. Good luck.
Looking at the Chart - Showing HH & HL - Respecting horizontal Trend Line Expected to bounce from 0.38 Fib Level
CHFJPY price is in the important resistance zone. 170.53-171.43 If the price cannot break through the 171.43 level, it is expected that there is a chance that the price will fall. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Since the beginning of December last year, FX:GBPUSD pair has been trading within a range bounded by 1.25 and 1.28. In early March, the pair experienced a break above the upper range boundary. However, this break ultimately turned out to be false. After returning to the familiar range, the pair formed a significant bearish engulfing pattern on March 21st....
Price is currently on a support level and could reverse from this level to our take profit Entry: 0.64818 Why we like it: There is a pullback support Stop loss: 0.64493 Why we like it: There is a pullback support Take profit: 0.65090 Why we like it: There is a pullback resistance that aligns with the 50% Fibonacci retracement Please be advised that the...
Price is rising towards a pullback resistance level and could reverse from this level to our take profit Entry: 1.35842 Why we like it: There is a pullback resistance Stop loss: 1.36139 Why we like it: There is a swing high resistance Take profit: 1.35558 Why we like it: There is an overlap support that aligns with the 50% Fibonacci retracement Please be...