GBPUSD is currently just above the banking level of 1.28 with a double rejection at the 1.28403, looking to target 1.268 as the profit area. however this is a short term analysis until we can determine clear direction, post brexit. analysis was done with @ismailesat.
Looking to BUY GBPUSD in BUY AREAS and to close position in TP AREAS. (30+ PIPS)
Looking to target price area 1.291
- Do not trade if price breaks through BUY AREAS with clear bearish momentum
- Wait for reversal pattern
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1055.
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 S2=1.104.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Looking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of...
XAUUSD H1- I've changed my stance on xauusd, you can see the price has met the 4 hour trendline and proceeded to break the short term upward trendline. Price is on its way down towards the lower trendline of around 1430. Currently at a resistance level so will need to have bearish confirmation before entering.
Hi, Traders ! Monfex is on the air !
Bears keep up pushing the price down: by now, have squeezed through $8,000.
* Bitcoin is under substantial selling pressure since the 11th of October and could potentially drop below the latest bottom near $7,700.
* However, the short-term descending channel suggests the price action to develop within that structure, with the...
Nice and simple double down candle on the 4h chart with higher high candle containing red wick. Price action should support the drop. RSI overbought as well.
Marked my tp and sl for you.
Let me know your thoughts.
We're still following the down trend. The negative US news launched our precious metal high during NY session, but at the end of the day the market always goes back to it's trend. We can see how it went over the 1491 resistance and then went came back down to settle under the resistance again to continue descending.
This could be a great opportunity for a...
Monfex is at your service and today we overview XAU/USD.
Gold broke the ascending channel. For now we have the descending movement and the price at the moment near resistance line with MA100 and the big volume zone that is our main point for short.
There is a possibility that this is a big bull flag, which is aimed at new highs, but the support...