Watching for a potential High Base setup on GBPUSD I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
Yellen upset the USD effortlessly yesterday, indicating that officials need to be very careful about their words. But maybe that's exactly what Yellen did, she was attentive to the words. maybe that was the effect he wanted to achieve. However, a stronger USD cancels out rising inflation .... We need a little more visibility to "draw" the future on this parity....
our fundamental direction is telling us that the USD is the second strongest currency and the JPY is the weakest, we see price breaking above the 4h zone with price action. now what we are waiting for is entry confirmation for a quick in quick out to our next 4 hour zone where we will see our next significant sell pressure.
Lateral evolution in the channel marked for GBPUSD. Indecision in US markets, the outflows of various officials, such as Yellen yesterday, do not give a clear direction for the USD. Non Event for now this parity.
Description : As you can see, a downtrend can be seen. At the same time as the dollar starts to rise, we should see the decline of other currencies against the dollar, and it is less likely that the wedge will break. And we probably have to wait for important support to be touched.
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
We got our retest and profits. Results of the previous Idea
We have placed our long position recently and now expect the course to further increase. In total, we believe that the Euro should gain value against the British Pound and be exchanged at a rate of at least GBP 0.89886 by the end of the current movement. Therefore, it is necessary that the price is moving away from the yellow trading zone. Happy trading!
Hey traders, here is the analysis for the CADJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
I want to take 10 wins in a row on gold #this is the second one (follow me to notice you when i share new idea)
AUD/USD has had contact with its daily zone, at this zone previously we have seen buy pressure and fundamentals are also to the upside. what we are waiting for now is entry confirmation for a quick in quick out to previous high as we have seen sell pressure at that level previously and stop hunts when price reaches that level.
Description : As you can see, it is in a long-term uptrend channel and after hitting the roof of the channel, it has a downtrend channel in its heart, so we have a long-term uptrend line and a short-term uptrend line if the uptrend line is If the downtrend line overcomes, the downtrend line will break and we should expect a good uptrend, but if the downtrend...
As we can see, Nasdaq has hit a very solid support level and pulled back. Nasdaq is currently in a huge consolidation zone on the H4, so it only makes sense for it to either bounce back up & consolidate some more or break beyond. Analysis is telling us that we are looking at a really good buy opportunity from this support level which can create new highs with the...
Bull Flags are a Range pattern and they are repeatable trading chart patterns. Descending Bull Flag chart patterns will have a directional bias (Long Bias) depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait...
If we brake below 1.2030 then I will be looking for 1.1980 profit objective for shorts.
The price was able to break the trend line and now we wait for see its reaction to support zone , if can break support we can give sell trade .