After ranging in the pattern for a very long time the pair has finally broken out of it's long falling channel .With this we expect a re-test then the break of the mini resistance for the jolly ride
Small push towards upside then a big down move Reason: 1. Break of Structure 2. Price reacted to 4H bullish OB
AUD/USD: • If price impulses back up above the lower descending trend line of our most recent piece of structure, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets...
GBPCHF - Momentum is in favour of buyers & as per the trend analysis, technical indicators it's a good buy. My approach will be a buy here at current price 1.25590 Maintain stop loss around 1.25290 Potential upside 1.25950 - 1.26250 Trade as per your risk appetite, I will be glad to see your likes & comment.
From the end of July, we saw a very nice bearish accumulation on GBPCHF. The price was setting lower highs respecting the same low. Yesterday, the price managed to break the previous low, setting a new lower low lower close on a daily. Now the broken contracting area serves as a sell zone. From that, I will expect a bearish swing. Next goal - 1.24 ❤️Please,...
GBPUSD has broken down through the neckline of a head and shoulders pattern developed since mid-April. This would indicate a substantial decline ahead, and a strengthening of ICEUS:DXY . This is similar to the head and shoulders pattern seen in EURUSD. (See my related idea on EURUSD). NOT INVESTMENT OR TRADING ADVICE.
GBP - FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The UK’s vaccination success has been a key driver of positive sentiment for GBP from the start of 2021 and has meant the county is on the verge of completely removing covid restrictions from the 19th of July. As long as the reopening moves forward as planned it should provide support for the GBP in the...
🏛GBP_CHF was trading in a range for a while But now we are seeing a strong breakout Of the lower boundary of that range And even though breakouts work poorly lately It is still likely that we will see bearish continuation After a retest of the broken level SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBP - FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The UK’s vaccination success has been a key driver of positive sentiment for GBP from the start of 2021 and has meant the county is on the verge of completely removing covid restrictions from the 19th of July. As long as the reopening moves forward as planned it should provide support for the GBP in the...
Pound had gone through hell today and now on the way back for a revisit before heading back, DXY has started its correction giving way for its counter pairs a breath (hopefully). The D chart RSI is near the edge of oversold, lower TF are all oversold, so there's a high chance that it has bottomed for now at 1.25334. TP: Fib based, not to be greedy as Pound...
We expect to sell this pair because it is experiencing a strong resistance upward and the New Jerusalem Indicator is turning red so we sell while hoping to make profit of 5R (risk to reward ratio). We KNOW WHAT WE ARE DOING AND WE DO WHAT THE MARKET IS DOING. This is more than an institutional analysis. Invest at your own risk. Hope you will come back with happy...
In anticipation of the demand zone, which was created on April 21, the price growth is expected It has come a long way from the trend line and we expect to hit the trend line On the other hand, our fibo time zone is located exactly at the intersection of the trend line above the 151.89 resistance area, which appreciates this strategy. The last point is the level...
GBP/USD CREATE BEARISH BUTTERFLY PATTERN.SO, POSSIBLE TO BUY MOOD NOW. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy...
GBP has been bearish last week, and if it continue with bearish momentum then it'll most likely hit the minor support 1.37 or major at 1.36. But however this bearish movement could be the last one and after that we can expect bullish movement. But I'll still be careful with short position coz price can reverse any moment also the rsi and Macd is showing alot of...
The British Pound started to lose value against the Euro, just as we predicted. Today, the course left the trading zone and we expect further increases to occur soon. In total, the movement should stretch out all the way above GBP 0.89292 per Euro. Let’s wait and see!
GBP/USD is holding around 1.3815-20, but might test 1.3750, reacting to the tone of the ECB statement. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment...
Welcome back Traders, Investors, and Community! Hi Traders, GBPUSD on H4 is on a strong bearish move. After breaking below the Support it’s moving down to 1.366 ⬇️Sell now or Sell at 1.3795 ⭕️SL @ 1.385 ✅TP1 @ 1.366 ✅TP2 @ 1.3565 ✅TP3 @ 1.3425 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Gbp Chf Sell: - Strong Resistance - Break of consolidation - Fibonacci Confluence