Saravan

Saravan Updated 

Hello Traders, The amazing run of EURGBP will soon be reaching a key area. 2013 high around 0.8800. I believe the current level has still room to go. Look at the daily candle. looks like there are no sellers at all. The key area around 0.8790 will be good place to short which is the confluence of 1.618 EXT and monthly resistance zone. Monthly Chart: Good Luck!

Saravan Updated 

Hello Traders, This pair is forming a libra pattern, reached 61.8 fib from previous high-low, RSI is forming a divergence. Price is at the top of the four hour channel. Bullish candles formed with low volume, too little effort for this result. The price may reach 8600 before retrace. The only thing that concerns me is the latest Brexit talks. Technically, there...

Saravan

Hello traders, This pair is forming a triangle on daily chart, which I believe will be broken upside eventually. But for now I will be looking to sell this pair near 1.3100 which is the confluence of previous structure support and 78.6 and 88.6 fib level. This trade will be short term, the eventual break to the upside may happen if FED decides to hike rate on...

Saravan

Hello Traders, This pair was down on Friday even when USD was up most of the day. This is because 3150 zone is a strong resistance zone which is the area of previously broken daily trend line. I don't want predict anything for long term but for a short term trade, I will be looking to buy this pair around 1.2950 area. This area is confluence of 4 hour trend line...

Saravan Updated 

Hello Traders, This pair has been on the uptrend for a while and now it's a good time to short. The price has broken down the rising channel and the higher time frames are showing divergence. Higher time frames show nice bearish candles with good volume. Important thing to note the reversal occurs near 1.27 EXT. Good Luck! Div on Daily time frame.

Saravan

Hello Traders, There are multiple reasons to short this pair. Nearing trend line resistance and previous structure level. RSI Divergence.. 78.6 Fib level of 4/21 high and 5/24 low. The stop loss should be above 7700 which gives a good RR. Good Luck! I expect the daily price close below 0.7635, unless there is a very bad NFP print.

Saravan

Hello Traders, The channel support and extension level is where I will be looking for longs. Need to wait for the Nice price action. Since this is one of the most volatile pair, price may go beyond the channel support and close above it. Good Luck!

Saravan

Hello Traders, I expect the price to touch at least the channel support area around 1.2970 - 1.2945. After Friday's drop price has retraced near 78.6 fib level of last high and low. This area also confluence of trend line resistance. I believe selling this pair around 1.3140 targeting the channel support around 1.2970. Good Luck! Daily Chart:

Saravan Updated 

Hello Traders, I placed a pending sell order at 105.70 which is the confluence of channel resistance,50 fib level and previous support turned resistance. I believe this pair still has room to go down to 103 level barring a surprise rate hike from fed tomorrow. Good Luck!

Saravan Updated 

Hello Traders, This pair retesting the broken TL. Short around 140.00 is a good idea. Good Luck!

Saravan

Hello Traders, There are multiple reasons for a short idea. 78.6 fib of 4/21 high and 5/30 low. Previous structure support. RSI divergence. In addition to this the previous bear candle has higher volume than the recent bullish candle which mean the price may soon fall. Good Luck!

Saravan Updated 

Hello Traders, Among all the pound pairs, I expect this one to make some correction before going up. The price is over bought in daily and formed divergence in 4 hour. A short term sell idea looks good(Note :This is counter trend). This pair has broken 8 year old trend line recently and has more room go up. I will be looking to buy this pair around 8360. 8 year...

Saravan Updated 

Note: This is not a technical trade idea. I will not buy this pair if "Remain" wins because the market mostly priced in for a "Remain" win. It could be very well of a "Buy Rumour Sell News" case. The market may move up initially but then come down sharply with big players closing their position. Alternatively if UK votes for "Leave", it will surprise the...

Saravan

Hello Traders, It's funny and scary to see pound going up and down for every new poll released. But, I believe EURGBP currently over bought and will be a good short term trade. By looking at the volume and spread, there is clear mismatch between the volume and spread. Very little effort for this result. I can understand this because of the ORB poll released on...

Saravan

Hello Traders, Price is pulling back after formed a bullish candle at the support of falling wedge. The price is at the previous structure support now and I think it's a good place to long. The RSI formed a divergence and I see bullish volumes on lower time frames. The stop loss should be below 120.75. Good Luck!

Saravan Updated 

Hello traders, This pair has been forming bullish daily candles at strong support zone and a triangle. I expect a bullish breakout since the price action and volume suggests break out to the upside. There is also RSI divergence. Good Luck!

Saravan

Hello Traders, Price tested this level many times and could not break it. The daily price action shows the supply is high at this level. RSI moving away from over bought level. The target will be 1.5150 level. Good Luck!

Saravan

Hello Traders, I'm expecting a short term downside for pound after reaching structure resistance around 1.4765. Price already started forming bearish candles on 4 hour with high volume. But I expect one more upthrust to 1.4765 area before going down. The RSI is forming divergence on 4 hour and daily. Price most likely retest the bottom of the channel. Good Luck!