This is some recent price action on GBPNZD. I show my analysis and give some tips on what I am looking at in terms of ICT's Concepts. Overall, the bias for higher prices looks very strong. - R2F
GBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
Last week, the asset saw a downward movement, although it didn’t reach our entry before the movement. Throughout, we held onto the hope that the price would reach our entry point for an upward move, which it eventually did. Our analysis relies on retracements within crucial support and resistance zones. The chart indicates our outlook for the upcoming week with an...
Hi All, We are looking at opening a sell position on GJ, as we are trading the range of this market. On the D1 we are see price rejection from the previous top of the rectangle box. So selling to the bottom of the range makes sense. our short term bais on this pair is still bearish into the summer. entry, tp and Sl marked. Like follow and share. Many Thanks
Game Plan: :::Never enter before 9:00 am EST:::: Leaning towards a short , again not a fortune teller, waiting for confirmation 1) Long at retest of 78% (132.72) or rejection of 61% (132.858) 2) Short at break & retest of 132.546 3) Long at break & retest of 133.362
in what looks like a dicey setup, we still expect price to drop further. line Y may be retested. and as such, one must be careful on when to take position in order not to risk too much.
Similar to the Eurodollar, the pound dollar will enter correction after hitting the ceiling of the descending channel and will move towards the ceiling of the channel after correction again. Stay with me to get more analysis after following me by sharing with friends and leaving a comment According to my risk and capital management system, the risk of each trade...
Sterling is looking weak as heck. Macro forces are telling britain it's time to print until the pound is worthless.
Shown is just a simple chart for the British Pound. For most of this charts life the #POUND has traded above the violet shaded S&R zone until the #BREXIT vote which led to the breaking of major support. As you can see after breaking below the brown shaded S&R zone it has reversed its role to now resistance from below. #GBPUSD has been forming the blue...
Will 'oversold' EWU get more oversold? Now hearing headlines of potential move of British Pound to parity. High energy costs hurting consumers and business may hurt profits for companies. WIll EWU hold or continue down trend?
These are my ideas as to whats going to happen after the close and retest is done. So either entry will depend on your trading plan, that's why both entries have different SL. It is to accommodate my trading plan and my RR which I follow, STICK TO THE PLAN (YOURS THAT IS).
This is our new setup on GBPUSD. (Long from the green box) Keep patience till market opened...
GBPJPY is likely to complete the wave (c) while the ABCDE pattern is invalidated ... The Stop limit should be located above the red box.
Hello Traders, Here's my view on GBPUSD! Trade wisely and analyze on your own!
Historians call the British Empire the largest state in the history of mankind. It reached its maximum size by the beginning of the 20th century. Its area was 32 million sq. km. (23% of the Earth's land area), and the number of inhabitants reached 500 million. The British Empire was founded in 1497 and formally existed until 1997 (exactly 500 years) till the...
Following the high timeframe analysis on GBPUSD in the last video, this time we looked at the mid-timeframe to see what would likely happen in the short to mid-term. I personally believe the price will eventually break through the range of resistance at around 1.3500 that has confined the price for the last 24 months. Indicator showing us formations consistent...
All information about this trade-up can be found on the chart. If you have any questions feel free to leave a comment or drop me a personal message!
In this idea on GBP/USD we find confluence of two major chart patterns. A supporting trend line and a horizontal support zone. In trading, the presence of confluence refers to a circumstance where multiple technical analysis factors collectively form the same indication. Since multiple factors are combined, confluence has the potential to greatly increase the...