EUR against GBP. I think that taking long entry at bullish breaker around 0.8618 can play out. The only concern is that price already was there after breakout. So same as with others setting alarm for that level to see how it evolves in action. Potential targets for bullish bounce 0.866 / 0.868 .... the rest for breakout above 0.87 which will take price to...
🔰 Pair Name : EUR/JPY 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : LONG Scale 🔰 Direction : SHORT/SELL The GBP/JPY pair's sensitivity to shifts in global risk sentiment makes it a valuable tool for assessing broader market outlooks. 🌐 Its responsiveness aligns it with changes in global risk appetite, creating a strong correlation. In this context, the pair finds...
GBPUSD crossed under its four month Channel Up pattern, as well as closing under the 1D MA50, thus turning the 1D timeframe bearish (RSI = 43.717, MACD = -0.001, ADX = 34.501). Currently this is a sell signal, targeting the 1D MA100 (TP = 1.2625). Every Support (S) broken, will be a sell signal for the next one. We are buying only if the price crosses over the...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85700 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85700 support and resistance zone. Trade safe, Joe.
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The major level marked and the structure of the market will be depend on the confirmations candle, as yesterday price reject the confirmations candle formed the proper sell system formed. GBPJPY SELL 182.80-183.00 TP1. 182.40 TP2. 182.00 TP3. 181.50 TP4. 181.00 Sl 183.40 Please follow the setup with proper risk managements.
Potential divergence created. A previous intraday low was broken and the current high which was broken as well. A bit risky of a setup to be honest but it follows what i like to look for We have GBP news coming up Friday. GBP mortgage rater were higher but the housing price index MoM and YoY were lower with the AUD business confidence coming in higher than...
Looking for a retracement of the previous low here. Small pullback before Friday's news? Possible break of structure on lower timeframe with a current retest of the high. Should be interesting.
GBP/JPY is currently displaying signs of a bearish movement in the short-term. Several technical indicators and fundamental factors suggest that the currency pair may experience a downward trend in the coming days. Traders should exercise caution and consider bearish strategies when positioning in GBP/JPY. Technical Analysis: Bearish Downtrend: The GBP/JPY pair...
I'm expecting full on GBP weakness over the coming weeks, regardless of what happens with the dollar. We've broken below the months of ascending trendline and so far failed to break back above, we have a beautiful bearish engulfing candle on the 4hr close from Friday. I get this pair wrong a lot (because I live in the UK and can see a car crash happening in slow...
Good morning traders, As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the...
8th August 2023 DXY: break above 102.40 to trade higher toward 102.80 resistance NZDUSD: Sell 0.6050 SL 20 TP 60 AUDUSD: Sell 0.6510 SL 25 TP 45 USDJPY: Buy 143.20 SL 30 TP 60 GBPUSD: Sell 1.27 SL 25 TP 90 EURUSD: Sell 1.0960 SL 20 TP 40 USDCHF: Wait, look for reaction along 0.88 USDCAD: Sell 1.3360 SL 30 TP 60 Gold: break 1930, below 1929, could see 1924
hello dear trader i am bulish in gbpusd ... i wanna sell my buy position after testing the dynamik resistance and gbp now in the strong suport if price close below this supourt are price can drop ... stop loss need for any position good luck
In my recent ideas I’ve noted JPY strength resuming and this is evident in the performance last week, and we can see this when looking at the JPYWCU chart which is like DXY for the Yen. We can see what could be a higher low forming and a fourth retest of the resistance around 0.005350 which could break. We’ve seen out-performance of the Yen against many...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
NAS100 giving us a very nice sell range here which carried across from last week we have a lot of confluences for this setup and overall we are looking for it to play out the only thing that tells us we might not get to our entry point is the fact that we are pushing on the swing low already if we are to break this then the setup will become invalid but it will...
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
XU looking the same as our other USD pairs with a clear news range in play from Friday, we also swept out our session lows which again is a mirror of our other USD pairs as it should be. now as a whole iam not liking the way these news ranges sit, we all know that the markets are looking for a large move to correct the last few weeks of one sided moves, so lets...