Hi everyone I hope you are well After the previous analysis and reaching the price of 0.8613, we saw a fake break in the resistance trend line and the price acted according to the second scenario and dropped to the support level at 0.8510. Currently, the price is facing significant support and we expect the price to return from the same level. If the candlestick...
CONFLUENCES: - Bearish market structure - Rejection of 8Hr EMA - Rejection from 78% Fib - Bullish structure in JXY - Fib extension lines up nicely with 150 level - Spinning top candle close in 4hr
Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is on . Pair : GBP/CHF Time-Frame - 4H Biased - Bearish The aggressive early entry got stopped out and this is why sometimes its important to be patient but second entry which should of been the original entry is playing out. ( Previous explanation ) After identifying structure on...
". There is still a possibility of temporary retracement to the suggested resistance line (1.9751). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
. There is still a possibility of temporary retracement to the suggested resistance line (1.9751). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Bear flag targets 7055 - This index has been feeling heavy since yesterday and we have just received our first technical pattern to confirm
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price given a breakout and done its retest. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
H1 Time Frame Structure: Downtrend Divergence signal Break Key level ------------------------------------------------------------------------- Set up Sell Limit: Sell limit: 1.27150 Stop Loss: 1.27596 Take Profit: 1.25719 ------------------------------------------------------------------------- Wish you all have a good trading day!
Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing low support. We could see a bounce and further rise up toward 1st resistance, in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching support where price has...
GBPUSD has done a break and retest of the resistance trendline prior to the GBP Consumer Price Index data, which measures the change in price across a representative basket of goods and services. Technically the pair has done a break and retest, and is also now at fibonacci support. We anticipate continued upside into the 1.3955 level.
Reading price, we can see that GBPCHF has been creating lower highs. the most recent price action has created a strong shift below previous areas of support. this shift in momentum has created a new lower low and lower high with a double top formation in confluence to strong wick rejection. If price can hold below this area, we can anticipate shorts down to 1.25700.
It has been a sweet surf on the GBP since the 16th of June, heavily to the downside. However, we may experience a correction up to 1.4100 before continuation to the downside considering the strength of the USD. No matter come what may, we'll rather be reactive and not predictive on these moves, depending on price behaviour. Thanks and Good luck. Pls like, comment...
Gbpusd , the price will make movements inside the channel, so now the price at the hight of the channel , i think will get the deep of the channel, till getting targets.. ——— Tendency: downward Entry: under 1.3897 Tp.: 1.3782 & 1.3682 Sl.: 1.3940
GJ Chart pattern has shown a head & shoulder formation, as well as falling into the descending trend going short!
nice PA i see in chart and my mian analyst is not one resis keep it in your mind and lets see
GBP - Bullish 1️⃣ In June, the UK inflation rate rose to 2.5% from 2.1% in the previous month, and exceeded market expectations of 2.2%. 2️⃣ UK Prime Minister Boris Johnson announced plans to end the COVID-19 restrictions in the UK effective 19 July. 3️⃣UK employment data for May is expected to be positive on the back of strong employment growth in the...
H1 Time Frame Break Up Trend with divergence signal Break Key level Sell Pin Bar signal to next support ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!