Exciting times are ahead for the Pound Sterling as it makes a strong recovery during the second half of the previous week, soaring near 1.27800! The market sentiment is on the rise, and the Bank of England (BoE) is signaling a hawkish stance on interest rates, giving the GBPUSD pair even more room to climb higher. The recent interest rate decision saw a 25 basis...
The bullish setup on EUR/USD is gaining momentum as price consolidates within a massive bullish pennant formation over the past three weeks. With the breakout now confirmed, a strong upward impulse is expected to continue the prevailing trend. This presents an optimal entry opportunity to go long on the pair. Traders can set their sights on multiple take profit...
📈 My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup. 🔍 There are two possible scenarios to consider: 1️⃣ Waiting for a retest back to the trendline for a prime buying opportunity. 2️⃣ Observing a violation of the red line at 1.2853, followed by a retest, before entering a...
Hey guys, How are you doing? I hope the market is treating you well and the hype is on the verge to explode like it always did in the previous pre-bull run scenarios. In today's insight I just want to remind you that a hidden bullish divergence is on the build up on the 4H time frame which can be considered as one more confluence and validation for the...
after a very strong uptrend price has been pulling back in an downward channel. a break and close above resistance would likely see the trend continue upward.
I'm much more comfortable trading the Forex Pair then Oil, where comes the Bullish Shark retest on the GBPUSD on the 8-range bar for a buying opportunity. I might even keep my second target open, as I'd the bullish bias on the GBPUSD. What's your thoughts on GBPUSD?
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the trade. If you are waiting for a counter-trend trade, the Bearish Bat Pattern on the daily chart(right) 149.12 seems like a better trading setup...
This is how I've identified the GBPUSD is going higher than most traders. If you look at the weekly chart, you would have spotted that the candle broke and close above the previous high; that gives me a sign even before it broke the current structure, and I've been saying that for over a month now. I'm focused on getting the buying on the buying...
We witnessed the formation of a flag pattern, which is a fantastic opportunity for trend continuation trades. This pattern indicates a temporary pause or retracement within an ongoing uptrend, followed by a potential breakout to the upside. As price consolidates within the flag, we anticipate a bullish surge to continue the upward momentum. Delving into the...
Attention, traders! We have an enticing bearish setup in the Gold market on the daily timeframe. The key to this setup lies in the formation of the double top pattern, where price establishes two prominent peaks at approximately the same level. This pattern serves as a robust bearish reversal signal, indicating a potential downtrend ahead. As price stagnated below...
Today we're taking a look at yet another breakout/trend continuation opportunity. As always we'll discuss why I like the level & where I think we'll ultimately head to. But I also wanted to show you how using alerts can help cut down the amount of time you have to spend on a chart & really allow you to streamline your trading day without it taking up too much...
The formation of an asymmetrical triangle pattern has caught our attention. This pattern is renowned for its ability to indicate a continuation of the prevailing trend. In this case, the triangle formation suggests that the recent uptrend in USDJPY is likely to persist. To fully grasp the significance of this setup, let's dissect the recent market dynamics. We...
My Bias for Dollar Appreciation started on 14 Oct 2021; it has been right after all. The leading trade I'm looking at is a buying opportunity on the 1-hourly chart, left and might keep my final target open and observe the candlestick pattern movement when it approaches its new resistance level. If you are looking for a counter-trend move, I've something for you....
Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease. I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity. If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have...
In this insight video, we try to unravel the complex dynamics of the market's response to recent events. As the dollar takes a step back amid speculations of the Federal Reserve's imminent pause in rate hikes, the market's reactions become a mixed bag and we don't want to miss out on this opportunity to stay ahead of the curve! Economists predict that the Fed...
Welcome to our Goldspot analysis for the week! Despite speculations suggesting otherwise, Gold is far from being dead after the U.S. debt ceiling deal has been finalized. Although futures of the yellow metal experienced a slight decline on Friday, breaking a three-day winning streak, the drop was not enough to erase the gains made in the previous days. As a...
In this video, I provide a technical overview of recent events using the GBPUSD chart. The U.S. Senate has passed legislation that raises the government's debt ceiling, following a similar action by the House of Representatives. This development had positively impacted the dollar, especially when combined with better-than-expected data from the NFP, which is...
EUR/USD is currently in uptrend on 15m timeframe and a retest to previous higher high is diffidently a good oppartunity to long, the previous higher high also aligns with 0.5 fib level and 20 EMA on 1h timeframe which is even better and stronger confirmation of continuation. A dump to previous higher high (retest) can potenially make hidden bullish divergence on...