GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 194.91 which is a pullback resistance. Stop loss is at 195.47 which is a level that sits above the 127.2% Fibonacci extension level and the pullback resistance. Take profit is at 194.14 which is a pullback support that lies above the...
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2521 which is a pullback resistance. Stop loss is at 1.2588 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 1.2426 which is a pullback support. High Risk...
The GBP/USD pair has shown signs of gaining traction during the early European session on Wednesday, surpassing the 1.2460 mark after experiencing a rebound around the 50% Fibonacci level. Despite previous forecasts suggesting a potential deeper reversal around the 61.8% and 78.6% Fibonacci levels, recent price action, in line with EUR/USD movements, indicates a...
I like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE. The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair...
This is a short idea I have, and most likely it will come to fruition. We have a good liquidity pool taken out with a great reversal displacement. We also have a great draw on liquidity for the buyside. See here for my analysis on the Daily timeframe. Refer to my notes within the screenshots for context. Happy trading! - R2F
#USOIL UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USOIL.USOL is ready for a good in this move we can see drop upto price level 77 to 75 soon. Keep in touch we will update further soon.
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 190.29 which is a pullback support. Stop loss is at 189.88 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 191.63 which is a pullback resistance that aligns close to the...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel...
GBP/NZD is falling towards a breakout level and could potentially break through it to drop lower. Sell entry is at 2.0899 which is a potential breakout level ( wait for the 4-hour candle to close below 2.0899 for confirmation ). Stop loss is at 2.1225 which is a level that sits above a pullback resistance. Take profit is at 2.0417 which is a swing-low...
DAILY Still in our bullish trend, currently forming a channel where we are slowing down and pulling momentum. Towards the 190.00 is where we would expect a reversal and continuation of the trend. 4H Still letting it fall and as practice analysis, our forecast from early in the morning is currently on par with the market. 190.00 our aim 1H In the distribution...
Weekly timeframe Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure H4 Timeframe Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill...
Hello traders, As we approach tomorrow's release of CPI data for both GBP and EUR, it's likely that the markets will adopt a wait-and-see approach until then. Considering the longer-term perspective, GBP appears to be oversold within a bearish channel. As such, it's advisable to avoid short-term trades with high risk exposure. Keep an eye on the yellow trend...
- For sure one of the most easy forex trade setup that i saw in my entire life. - Buy = 1.05 - Sell = 1.24 - Under 1.05, just go to a church and pray. - Feel free to check my older DXY analysis to get some clue : Happy Tr4Ding !
#SEIUSDT UPDATE SEI is almost going to break the main Trendline. After this breakout we can see gain upto 70%+ Soon. We can see price upto 1+ . Always trade with confidence
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 191.72 which is a pullback support that aligns with a 38.2% Fibonacci retracement level. Stop loss is at 191.25 which is a level that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 192.71 which is a pullback...
GBP/NZD is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2.1033 which is a pullback support. Stop loss is at 2.0983 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 2.1106 which is a pullback resistance that aligns close to a...
I am seeing a long sell DAILY We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence. 4H We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high....
The pound, like the euro, is also in a long context since yesterday. A clear order flow in the long direction is visible. The target in the form of the previous day's high (PDH) has already been reached in the news-driven movement. I've marked the second target for the day, which is the nearest high-liquidity zone.