Pound-sterling is struggling to break it's MA100! If it does so, there MA25 might be a perfect dynamic level for responds of the pair.
MA25 might be a good dynamic level for short trades too! So I'll just take this pair under observations and I will not trader until the yellow box is broken.
Both green and red levels are strong.
The red line is aggregation of...
HELLO GUYS THIS MY IDEA 💡ABOUT GBPUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for...
HELLO GUYS THIS MY IDEA 💡ABOUT EURGBP is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for...
Monday we create the low of the week with the high impact news driver and see the high of the week on Thursday of Friday
Big bullish weekly candle I expect.
GBPCHF - Intraday - We look to Sell at 1.1305 (stop at 1.1330)
Preferred trade is to sell into rallies. Previous resistance located at 1.1300. There is ample scope for a move lower from this important resistance. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 1.1203 and 1.1171
Resistance: 1.1300 /...
• Bearish weekly chart dominating
• Next support at 1.1400 (2020 low) followed by 1.10
• There is an unfilled gap dating back to 1985 between 1.0850 and 1.10
• Breaking 1.10 could lead to further weakness towards 1.08-1.0850
GBPAUD - Intraday - We look to Buy at 1.7000 (stop at 1.6930)
Previous support located at 1.7000. Previous resistance located at 1.7100. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7000, resulting in improved risk/reward. A move through 1.7100 will confirm the bullish momentum.
Our profit targets will be...
EURGBP - Intraday - We look to Buy at 0.8575 (stop at 0.8540)
We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our...
GBPNZD - Intraday - We look to Sell at 1.9000 (stop at 1.9100)
Previous support located at 1.8850. Previous resistance located at 1.8900. Trend line resistance is located at 1.9000. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.8750 and 1.8700...
GBPUSD is undervalue right now.
Price is near the 1.145 the strong support level from Mars 8 2020
FED hawkish policy forced on GPB but the DXY over-bought level and this cheap level for GBP makes a good risk reward ratio to make some risk to trade against the pair fundamental bias.
Take your buy around 1.13430 and use at least 1/2 risk reward
good luck
This currency pair has more room for decline.
The general trend of this currency pair is downward. Britain is suffering from a family spending crisis that is weakening consumer power. Political uncertainty also has a negative impact on the pound. On the other hand, the Canadian dollar still enjoys the flexibility of the US economy and usually follows it.
GBPUSD - Intraday - We look to Sell at 1.1655 (stop at 1.1725)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Buying pressure from 1.1498 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We look...
GBPJPY - Intraday - We look to Sell at 162.50 (stop at 163.00)
We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The 200 period moving average should provide resistance at 162.60. Preferred trade is to sell into rallies.
Our profit targets will...
GBPCHF has potential to go up to 1.14380 or 1.14750 before we see a big move to the down side, we will probably see a new 2 year low.
We have high liquidity that has to get taken off before the drop (marked with £££)
What do you guys think?
Please leave a comment and like the idea! :)
EURGBP - Intraday - We look to Buy at 0.8600 (stop at 0.8565)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a...
There is a supply level around the entry setup.
Trend is super bullish and this might be just a correction
Another touch to the level might be a great chance to a good profit!
never forget that trading is the game probabilities
ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only...
