Welcome back Traders, Investors and Community! Analysis of #EURGBP If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bullish Harmonic pattern Butterfly+Shark - We will be...
GBPJPY Sell area now live, great lvl for reverse
Weekly high and ADR above current price, looking for impulsive move into these highs, should be a lot of liquidity stored here so if caught correctly could get some nice R
Good morning traders, today we bring you our long-term analysis on the GBP/JPY pair. 🔸After bouncing off the Support Zone, the price started a strong bullish move. 🔸Since then, the movement has been very clean in that direction, with small corrections. 🔸It broke the Descending Trendline and the Resistance zone. 🔸The most interesting resistance is around...
After yesterdays Bank of England announcements all GBP pairs have spiked upwards. I would expect a retrace on this soon before generally continuing upwards. I am bullish on GBP in the long term but there should be some short term shorting opportunities coming. This is also at a big monthly and daily resistance level which should make a drop more likely, and at the...
GBPNOK on the 4 h chart After breaking the minor descending channel, broke above the resistance and currently retesting it. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure ->...
GBPUSD - Momentum is in favour of buyers & as per the trend analysis, indicators it's a good buy. My approach will be a buy here at current price 1.36850 Maintain stop loss around 1.36400 Potential upside 1.37500 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most...
EURGBP could pull back to trendline, more upside !
Confluences: - Strong support and resistance zone forming - Smaller timeframes showing some wick rejection at the resistance zone - Remember the TREND is your FRIEND until it ENDS!
In the GBPUSD currency pair we see a great opportunity to enter the trade. The price has now entered the Andrews fork channels and leaving the fork can be a sign of a change in trend, provided that it creates a few candles outside the fork. Therefore, if the price comes out of the clutches of Andrews and breaks the price of 1.35817, we expect this price reduction...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.8794). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.8794). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
We've seen gold break out of a strong uptrend to capture some liquidity before a real move. I've marked on my chart the Point of Control Level. POC is where big institutions are trading the most amount of volume. In conjunction with weekly lows, a demand zone and POC - we should be able to get a really nice entry for some ridiculous returns. In the meantime, if...
So another similar set up here on another GBP! So a very similar trade to our last one which was posted earlier: (What goes up must come down) & (Lets try again). So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21. The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine...
Hi guys! 👋🏻 🔔 Hourly EUR / GBP chart created an inverted cup and handle pattern, supporting the downtrend. 🔔 This pattern indicates that the bears are on duty overall and will continue the downtrend after breaking the lowest support, in this case 0.88700, after a slight upward correction. 🔔 Factors that could support the EUR / GBP's downward trend are...
This summary of the recent rally on the GBP USD highlighted the important rule of never trading against the main direction of the trend. The only exceptions to this rule are 1. Reversals at Major Resistance/Support Consolidation Boundaries of the Monthly, Weekly or Daily Charts. 2. Reversals at Major Resistance/Support Price Points of the Monthly, Weekly or...
GBPJPY Sell area High risk great zone for small revert, after push