As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=143.75.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=143.95.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout...
Long term swing trade set up on GBPJPY
Daily bullish TL held strong.
Daily 50ema being respected.
Looking for higher highs to be made over the next few weeks.
Full analysis on my blog diaryofafinancekid.com
Looking to short GBPAUD now after the nice 1hr rejections forming at 1.89 level.
4hr 50ema and multiple fib levels to act as resistance.
Nice sell off last week and after this early consolidation I am predicting price to sell off once again. Aiming for the support zone at 1.86750 for my first profit target which would be a 1hr lower low on this trend.
Looking for a short when price returns to the overhead trend line. My short term bias on this pair in bearish due to the fact we are now quickly approaching January 31st and uncertainty around the short-term outlook for the pound increases in light of Brexit - therefore I believe the fundamentals are in favour of this trade. We have further confluence...
We could have a lovely 300 pip swing trade opportunity here big pip moves on this pairing are not unusual as the past 2 weeks running have seen a 300+ pip move.
Again this is a trade with confluence as you can see our yellow box is where we are looking for price to hit, this lines up with old support and resistance so a key level this would also be the 3rd touch...
GBPUSD Update for Weekly forecast 20th - 25th Jan 2020
- GBPUSD Hit target 1 @1.2965 after market opened
- Healthy pullback back to my sell zone as expected @ 1.3075
- Watching market with bearish bias due to confluence unless this level can be broken with strong price action.
All analysis was sent out on sunday on all my platforms.
. There is still a possibility of temporary retracement to suggested resistance line (1.2613). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...