Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9672).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management
THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE)
Direct Message me for info.
Follow and share for more clean ideas looking to make a change in all this guess work, want to make money and grow...
No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management
THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE)
Direct Message me for info.
Follow and share for more clean ideas looking to make a change in all this guess work, want to make money and grow...
GBPCHF could be on the verge of a bear run. But first, we require a break of the zone indicated and the long term ascending trendline.
Wait for an impulsive break and the bearish correction before getting in. We're anticipating GBP weakness overall.
Goodluck and trade safe!
One of my favourite patterns, the falling wedge.
Pretty clear support and resistance as fundamentals offering a muddy picture in regards to both currencies and especially together given the standoffs post Brexit over lots of matters.
Break either way easy trade
EURGBP has accelerated today off the back of a stronger euro and a weak pound. Price is now overextended above the upper BB band and has given us this shooting star before closing back just above the 0.236 level.
I would like a better R:R than this current setup, but the 4 touch resistance is likely to act as strong support.
See entry and exits on the chart....
Higher highs, higher lows, two legged pullback holding previous level of support, now targeting previous highs. Look for entries on H4/H1 pullbacks, and ensure that H4/H1 price action is above 200ema with nice uptrend structure.
Stop Loss set at 1.3790 (just under the demand zone).
TRADING IDEA - NOT INVESTMENT OPPORTUNITY.
Trading Signal:
There is a Trading Signal to Sell in GBPUSD Currency Pair.
Traders can open their Sell Trades NOW
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I missed a short on GJ yesterday. Today I entered on the 2nd continuation short currently running 4%. I will manage this accordingly once London session opens.
GBPCAD is the favourite pair for this week. It's has been steadily making its way down through corrections and retest.
See links below to find out how you can trade this pair.
GBPNZD is in the major descending channel with the 618 fib falling exactly on the channel resistance. The inner channels upper resistance also lines up with the 618 fibonacci. Will be looking at shorting this soon - only after confirmation!
Would like to give thanks to @loudon3 for pointing out some of the things you see in this chart!
Trade Safe.
IF WE START BREAKING THE DESCENDING CHANNEL TO THE UPSIDE, THEN THE PROFIT COULD BE HUGE.
I'M PREDICTING THAT WITHIN THE NEXT 3 DAYS WE COULD BREAK THE HIGHS.
THOUGHTS?
