The asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a...
Hey Traders, in today’s trading session we are monitoring GBPUSD for a selling opportunity around 1.24500 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24500 support and resistance area. Trade safe, Joe.
The GBP/USD pair finds itself under increasing pressure as positive US economic data boosts the dollar, causing it to dip below its 200-day Moving Average. With the odds of a November rate hike by the Fed standing at 32.45% and diminishing expectations of a BoE rate hike towards 6%, the GBP/USD's outlook is becoming more bearish. The Pound Sterling (GBP) has...
Details on chart - looking to see more bears enter to reach a better buyers zone before continuing with the HTF trend
Starting things off as we do a lot of the time with GJ We are sitting in a clear swing low range so we aim to see the low of this range taken out coming into next week but we do have a few highs above our current price, which tells us that we may have a shift higher into some of this liquid, as a whole iam not holding either our low or our high as a certainty...
Although in long-term view price is in bullish Daily and weekly move, but in short term price managed to form bearish market structure ( I mean 4H and 1H timeframe ) so its possible to look for selling opportunities but with extra cautious. As we can see in the chart we have valid 4H bearish channel, price recently broke below supportive area which hold price...
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Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.24100 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for further dips below the support to see a potential retrace of the trend towards more lows.
Hey Traders, in today’s trading session we are monitoring GBPUSD for a selling opportunity around 1.26000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26000 support and resistance area. Trade safe, Joe.
GBPAUD broke and closed below a solid rising trend line on a daily. That violation is the sign of strength of the sellers and implies at least a local change of character. Probabilities will be high that the pair will drop lower. Next support - 1.91 For entries, consider an occasional retest of a broken trend line. ❤️Please, support my work with like, thank you!❤️
The GBPJPY pair is trading inside a Channel Down with the price currently under its middle. It appears that there is an internal Falling Support holding the Lower Lows since August 25th. Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy. Buy now and target the Falling Resistance at 184.250. Previous chart: Follow...
The EURGBP pair gave us a solid sell signal (1D RSI breaking the Higher Lows) on our last call (August 03) and has already hit our first target (see chart below): The pattern remains a Channel Down since the February 03 High, maintaining the bearish trend unless the 1D MA200 (orange trend-line) breaks. It is also possible to see a transition to a Rectangle...
Buy GBPNZD wedge Breakout in H1 Chart Price breaks the wedge Pattern Now, its Good chance to Buy now Thank you..
GBP/AUD has retraced from its YTD highs in three waves, and hinted at a swing low with a Doji yesterday. Moreover, the doji formed at a long-term trendline, historical high and 50% retracement level whilst RSI (2) was in the oversold level. The bias remains bullish whilst prices remain this week's low, with an interim target near 1.9700. Given its established...
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Hey Traders, in today’s trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area. Trade safe, Joe.
The price is going to a major level of ressistance to a previous high. It also will find ressistance to a monthly down trendline. If we see a red candle next month it could possibly mean that we have a double top and we will see price moving down. It could be a good entry point for 1:5 RR (100-150 pips SL and 500 TP). Let's wait to find out!
Looking at the GBPUSD, with employment numbers not very strong and GDP tomorrow expected to be in the negative territory Resumption of strength on the DX could drive the GBPUSD lower toward the support level of 1.2390