This is what makes the most sense to me heading in to October... Monthly wicks respected although the monthly candle actually closed in it's lower 3rd I'm bullish on all TF's 181.60 is a valid MP, OB, TL/Retest, FVG and last weeks opening price... IF we pull back this far we will also be hitting the 0.7 fib level and I fully expect this level to...
GBPAUD turned briefly oversold on the 1D technical timeframe (RSI = 30.322, MACD = -0.013, ADX = 62.269) while pricing a LLL at the bottom of the Channel Down and the S1 level. The latter in particular can attract considerable buying power to push it for a 1D MA50 and R1 Zone test. This will determine the trend onwards but on the short term following 6 weeks of...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.22700 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.22700 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86300 support and resistance area. Trade safe, Joe.
Buy GBPUSD Channel Breakout Price breaks the channel pattern in M30 Chart, its good chance to buy now. Thank you.
The GBPNZD pair is on a massive 6-week sell-off that has broken below June's and July's Low. The 1W RSI turned bearish below 45.00 and the next line of Support is the 1D MA50 (blue trend-line). In the past 5 years, every sharp sell-off on GBPNZD has been at least -9%. A potential new such decline gives us a target estimate just below Support 1 (1.97550). That is...
GBPUSD has almost touched the Fibonacci 0.382 level from the bottom 1 year ago, trading under both the MA50 and MA200 (1d). The RSI (1d) is rebounding today aggressively being still inside very rare oversold levels, which visited last time during September 26th 2022. This justifies a long term buy but if the 0.382 breaks, the next (and strongest) Support Zone is...
EURGBP leaves important bearish clues after a test of a solid daily horizontal resistance: I see a double top and a rising parallel channel patterns. The price violated both the horizontal neckline and a trend line and closed below them two. I anticipate a further bearish continuation to 0.8635 / 0.8619 ❤️Please, support my work with like, thank you!❤️
GBPUSD is trading inside a Channel Down on the 4hour chart. The 4hour RSI is heavily oversold under 20.00 and the 4hour MACD is close to form a Buy Cross. Every MACD Buy Cross in the past 30 days has delivered a minor rise. Buy when this Cross is formed and target 1.2220 (under the 4hour MA50). Follow us, like the idea and leave a comment below!!
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.21750 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.21750 support and resistance area. Trade safe, Joe.
It turned out that GBPUSD violated one more key daily structure support and closed below that. The next key structure that I see is 1.2010 - 1.2055 area. That will most likely be the next goal for the sellers. For shorting, consider the contracting area based on a falling trend line and a broken structure. ❤️Please, support my work with like, thank you!❤️
GBPJPY got flatly rejected on our last idea as it peaked on the HH trendline and crossed under the 1D MA50 (chart at the bottom of the analysis). Even the Channel Up broke downwards and the 1D technical outlook is bearish (RSI = 38.762, MACD = -0.520, ADX = 38.784) officially. A new Channel Down has emerged, which shifted the 4H MA50 to a Resistance after the...
Hey Traders, in today’s trading session we are monitoring GBPJPY for a buying opportunity around 180.800 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 180.800 support and resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring GBPCAD for a selling opportunity around 1.64800 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend st 1.64800 support and resistance area. Trade safe, Joe.
The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming...
Sell GBPJPY Bearish Pennant GBP/JPY - M30 Chart - Price breaks the bearish pennant pattern now, Its good chance to sell now. Thank you
I think its the end of the weekly pullback and continue the uptrend. On the right chart u see my 30min timeframe for entry / tp /sl. Left chart higher timeframes for important levels. 131 pips move
GBPUSD looks quite oversold. The pair is under a strong bearish pressure for many days. The market is currently testing a solid key daily support. Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f. Bullish breakout of the resistance of the wedge will be a strong bullish confirmation. A pullback will be anticipated then...