The Japanese Yen is considered a safe haven currency as it tends to hold its value or even increase during periods of risk aversion. Yesterday, the pound-yen splintered its 4h bullish market structure (Bullish MS: a series of higher highs and higher lows in the markets), plummeting over 0.91%. Being reactive is waiting for prices to retest and fail to...
As British pound found a strong support at 1.36 level creating a double bottom, followed by two bullish engulfing candles. It is now ready to retest a new high, with two trades expected to come up. Buy at the support 1.38 with target at 1.43 level. Sell at the resistance 1.43 with target at 1.38. Once completed, it will start the higher high moves coming into the...
GBP_USD: Pound has lacked steam going up, so we are looking a closing candle to finish the structure on a Daily Chart and a confirmation of move further down. However the structure in suggest that pound could still head the summit with a triple bottom idea which is not a bad idea. Unless if you have a another idea, everyone is welcome.
With the fundamentals sending this pair above the daily level but only to a higher up 1hr Supply zone was clear that this stopped out loads with their sells on and stoploss sat at the high. If you trade the Supply and Demand this should already have has you looking for longs as a previous Supply was broken. I said that in order for this pair to be bullish it...
strong resistance + HFT trendline touch + Ascending Channel!!
USD – The dollar fell against major currencies on Tuesday after data showed a less-than expected rise in US inflation last month, creating uncertainty about the timing of the Federal Reserve’s tapering of asset purchases. Commenting on the report, City Index noted that “the softer inflation prints caused investors to push back on bets that the Fed could move...
GBPCHF Forecast for week/ look to sell it on daily time frame
In the previous post we mentioned that a double top pattern had been created in the supply zone and if the neck line had been broken price would drop to a certain point. I see now that the neck line has not been broken so far and a higher top has been created instead, preparing for a head & shoulder pattern with respect to the same neck line. So the same...
**EDUCATION PURPOSE ONLY** Strategy- (Naked chart) Per Support or Resistance after break, It can be strong opposite zone for re-test. Range break. Head & Shoulders pattern you can see very easily. :) (But we don't consider that, However its good sign for trade confirmation) Sell stop at : 151.752 Stop loss : 152.363 Take profit : 151.583 Its wide SL and Small...
✅GBP_CHF is trading in a local rising channel While a strong resistance is ahead of the pair I am locally bearish and I think that After a proper retest of the resistance We will see a breakout of the channel And a subsequent move down Towards the target on the chart SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GCHF is the second trade today on my watchlist that presented an entry at 9:15 CAT, this is proving to be an ideal time for A1s. This trade moved 1.94R, almost 2R, but it still wasn't worth taking according to my plan, as it has 2 knocks against it that I don't trade. These being an over extended candle and being inside the Asian Range. Through backtesting these...
Do NOT use charts if you cannot do what I mention in this post. If you are unable to spot the dangerous consequences that come with becoming a chartist then do not look at another chart again. As you continue on your journey to become the best damn technical analyst around, you will fail if you DO NOT see the pitfalls that come with it. Every time you take a...
This is one of my favorite pairs, I see this pair dropping hard. I'll post more once my sell is active. I'm going to start posting more and more, honestly is hard to keep yall updated. I notice that a lot of you actually reach out and would like to learn more.
TWO REASONS TO SELL GBPCHF 1. Price hit the daily resistance level 2. Formation of the rising wedge on 4H To short with confirmation and confidence wait for the breakout of the wedge and sell on a retest. Once the price breaks to the upside then we will look for another setup. What is your idea on GBPCHF? Bullish or Bearish?
⏳ Forex 💎 GBPCHF has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower. 🏁 Short & Medium Term 💵 Invest Only 2% of your Portfolio 🎳 Entry at market or 1.27600 ☕️ TP1 1.26020 🍺 TP2 1.24500 🍻 TP3 ________ 🍾 TP4 ________ 🍷 TP5 ________ 🍸 TP6 ________ 🍹...
GBPCHF is once again testing the resitance of 1.2800, this uptrend has been going for quie a while and its approaching the resistance. If we do close below we can look for opportunities of breaking this uptrend and starting a move to the downside and testing the support at 1.2600, If however we close above the resistance we can look for opportunities of testing...
GBPUSD on the daily chart creates a double bottom over the weekly support. The price after the test of the descending trendline tested the support area at the 0.5 Fibonacci level. According to Plancton's strategy if the pair will be able to break above the static resistance structure we will set a nice long order. If the trendline will hold instead we can see a...
our last analyze on this pair become true and the signal that i provided also hit the tp (link in the description ) , now i have 2 road for this pair that is completely clear on the cart . so for now i will just wait and watch