GBPCHF - Intraday - We look to Sell at 1.1371 (stop at 1.1406) The medium term bias remains bearish. 50 4hour EMA is at 1.1373. Prices expected to stall near trend line resistance. Expect trading to remain mixed and volatile. Our profit targets will be 1.1269 and 1.1210 Resistance: 1.1370 / 1.1427 / 1.1527 Support: 1.1358 / 1.1285 / 1.1200 Risk...
GBPAUD is long for me, we took out the liquidity and now we could see a potential move to the upside. Also we have CHoCH and have filed the imbalance on the 1H TF. What do you guys think?
EURGBP - Intraday - We look to Buy at 0.8411 (stop at 0.8396) Trading has been mixed and volatile. Short term bias is mildly bullish. We look to buy dips. 0.8410 has been pivotal. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 0.8448 and 0.8458 ...
GBPCHF - Intraday - We look to Sell at 1.1379 (stop at 1.1405) The medium term bias remains bearish. Negative overnight flows lead to an expectation of a weaker open this morning. We have a 38.2% Fibonacci pullback level of 1.1382 from 1.1508 to 1.1305. Bespoke resistance is located at 1.1379. Our profit targets will be 1.1305 and 1.1258 Resistance: ...
GBPUSD Intraday - We look to Sell at 1.1915 (stop at 1.1965) The medium term bias remains bearish. Previous support level of 1.2003 broken. A sequence of intraday lower lows and highs has been posted. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.1760. Preferred trade is to sell into...
GBPCHF - Intraday - We look to Sell at 1.1550 (stop at 1.1585) We look to sell rallies. Our outlook is bearish. 21 1day EMA is at 1.1544. Expect trading to remain mixed and volatile. Our profit targets will be 1.1448 and 1.1410 Resistance: 1.1550 / 1.1580 / 1.1990 Support: 1.1400 / 1.1300 / 1.1200 Risk Disclaimer The trade ideas beyond this page are...
GBPJPY - Intraday - We look to Sell at 163.50 (stop at 164.40) 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 day moving average should provide resistance at 163.29. We look to sell rallies. Our profit targets will be 160.90 and...
On the H1 time frame, prices are facing bearish pressure from the resistance zone at 1.2230, in line with the 38.2% Fibonacci retracement and a pullback to this resistance zone presents an opportunity to play the drop to the support target at 1.2110. Stochastics is testing resistance at 95.66 as well where we could see further downside, in line with prices.
Base on H1 chart GBPUSD showing bearish structure, keep the follow the bearish trendline. As long GBPUSD is below trendline we are stand in remain bearish.
Trade Idea: Selling EURGBP Reasoning: Rallied into the neckline of a head and shoulders pattern (Daily Chart) Entry Level: 0.8419 Take Profit Level: 0.8346 Stop Loss: 0.8439 Risk/Reward: 3.2:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
EURGBP - Intraday - We look to Sell at 0.8415 (stop at 0.8440) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
the GBP/USD pair is showing some signals of an impulsive wave formation, i am expecting a wave 4 pullback near 1.2080/1.2050 area in order to long again targeting 1.2380/1.2690 region medium to long term. with some geopolitical tensions we might see a strong US dollar in the coming sessions considering the Dollar index a safe haven. tomorrow we will have 50BP...
Trade Idea: Buying GBPUSD Reasoning: Short term bullish channel on GBPUSD Entry Level: 1.2196 Take Profit Level: 1.2290 Stop Loss: 1.2153 Risk/Reward: 2.3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
The tradeWELL FX algo printed an entry-with-trigger on long GBPCAD on 08/01 with entry between 1.56667 and 1.56917. Initial target at 1.59838 with stop at 1.53496 trailing. I actually entered late and into the 1.575 resistance. Recent price action forming what appears to be a cup-and-handle with fairly distinct rounded bottom. Counter-trend trade, so precarious.