Clues: Trendline breakthrough, 50 ema crosses the 200, tweezer bottoms on weekly TF, W formation.
We are at level 1 expecting level 2 to form this week. Look out the news for GBP this week!
Note: Please do YOUR OWN analysis before you enter any trade!
Good luck fellow traders ...!!
Good Morning all. I hope this message finds you well.
Yesterday i got faked out by this pair, nothing major.
Today I placed a buy position as price is greatly oversold. Lets see how this one plays out - looking to hold this trade if the momentum is strong.
Advice for today:
Trading without a stop-loss is financial suicide. Always protect your capital no matter how...
Falling wedge patterned formed with confirmation of a reversal.
Manufacturing Production news coming out at 0700 hours on the 14th of July which is projected to have high impact on GBP pairs.
Expecting a bullish push within the next 24 hours.
We are at level 1 in the market cycle so I'm expecting a drop to level 2 at some point this week.
Look out for GBP news this Wednesday!
NOTE: This is just what I see, it doesn't mean it will happen! Please DO YOUR OWN ANALYSIS before entering any trade.
All the best
I can clearly see the market cycle forming the most common pattern.
We are at the peak of level 3, end of 2 weeks bullish cycle so I'm expecting consolidation in the Asian session, rise in London session, and the drop in New York session.
NOTE: That's only what I see, doesn't mean it will happen! Please DO YOUR OWN ANALYSIS before enter any trade!
EUR/JPY is hitting support at around the 121.90 level.
We could expect the price to break through this level of resistance or we could expect the price to hit resistance and then pullback to support at the 120.489 level, creating a short term sell opportunity.
Both the MACD and the RVI are yet to show signs of the price potentially pulling back and so it may...
Technical Analysis: Heavily Overbought Stochastic RSI with Resistance Bollinger band hit.
Fundamental Analysis: Initial Jobless Claim positive consensus this week should cause the reversal for next week, along with CPI MoM, YoY positive consensus, to carry this new trend we can expect the Initial Jobless Claim, Michigan consumer sentiment and the building...
There is a breakout above the trend line on the LTF and is tested twice which suggests that there will be a reversal. Also an uptrend is beginning to form on the LTF as it pierces the downward trend line suggesting there will be a reversal.
Grand Rising Traders. Thank God Its Monday! Who else is ready to destroy the markets this week?
These are my thoughts for GBP/JPY
- After a strong push to the upside , momentum is finally slowing down indicating sell pressure.
- Higher lower formed , breaking bullish structure.
However i still feel that there is a lot of buy pressure in the market, so be careful....
Grand rising fellow traders , its yet another beautiful day in the city of London.
These are my thoughts for GBP/CAD.
There has definitely been a lot of GBP strength in the markets this week.
Reasons for Trade.
1) Huge upside wicks on the 4hr timeframe indicating the future direction of price
2) Price strongly oversold
Master the art of timing. I cant...
- Very good opportunity to go for a short position on this pair at the reversal of the supply zone.
-Another confluences is the EMA is above price which shows bearish trend of the pair.
-Wait for a strong bearish candle at the supply zone and enter the trade.
Let's see what happens during the week!
Since the beginning of May the BEARS have been in complete control of GBPCAD and we've seen the price move from 1.7708 to 1.7024.
I always spend Saturday morning looking at the weekly charts for all my trading pairs and I notice that GBP/CAD has put in a nice long-legged doji indecision candle which hints at a potential reversal. Its true that the Monthly chart...