EURGBP Falling!Looking at the weekly chart, this pair has room to run southbound, but that depends on today's closing candle. If this pair takes out yesterday's low.. vroom!! vroom!!
Happy Trading folks!
Cheers!
Britishpound
Fibonacci retracementi expect the price to retrace at least to 0.382
the level was also previous support which is now turned into support.
after the pullback, i expect more to the downside
💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9672).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 1.7924
TP2= @ 0.9525
TP3= @ 1.7684
TP4= @ 1.7587
TP5= @ 1.7408
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPAUDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.9672).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPAUD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.7924
TP2= @ 0.9525
TP3= @ 1.7684
TP4= @ 1.7587
TP5= @ 1.7408
SL: Break Above R2
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Shaven TOP Candle On GBP/USD!!!Perhaps you've seen it before.. a shaven top candlestick or maybe a shaven bottom candlestick, so what does it mean? Well, it's a GAP basically and 9 out of 10 times it gets filled eventually. A Shaven-Top candle is a candle with the SAME OPEN and HIGH price level. A Shaven-Bottom candle is a candle with the SAME OPEN and LOW price level. For this pair, on the hourly chart, you would see a shaven top candle at 1.38864 level. This means that price could possibly move back up to that level before heading lower - as drawn on the chart. If you didn't know about the shaven candle.. hey! now you know. :) Oh and if you're a coder, I think that would be something you could code for me.
P.S. Feel free to comment below if you like my analysis. :)
Happy Trading!
Cheers!
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.46.
Take Profits:
TP1= @ 149.70
TP2= @ 149. 40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.09.
Take Profits:
TP1= @ 149.70
TP2= @ 149. 40
TP3= @ 148.70
TP4= @ 148.15
TP5= @ 147.45
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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ForecastCity English Support Team ❤️
GBP/USD 123 Top still in place!Hey Traders so in the last lesson I had metioned that GBP/USD has formed a 123 top formation. Although the market has started to climb back up as you can see it has still not taken out the 2 point. That means as long as the US Dollar uptrend continues this trade should work out. I still believe that the British Pound is still a great short opportunity.
Trade Well,
Clifford
All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
Triple topif the price breaks and closes below the neckline I expect a move to the downside for the completion of Triple top
GBP/USD Weakening 123 Top Confirmed!Hey traders I just noticed the pound has been struggling move higher for a while now. I think the market may have topped out because the us dollar keeps on getting stronger and stronger like crazy. I think the pound is a great short opportunity in the making!
Enjoy!
Trade Well,
Clifford
(All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
GBPJPY (British Pound/Japanese Yen) Currencies Analysis there exist Bearish Divergence with MACD which is the sign of bullish trend reversal and start of a bearish wave
we can estimate the retracement TP to the lower levels of Fibonacci Retracement Golden Zone
EURGBP Entry Price 0.85386 Target Price 0.82819EURGBP. Wait for a break of level 0.85386 and a retest of price level 0.85386 for a sell.
GBPCHF 2 scenarios 04/02/2021we have predicted the downfall and the TP are specified by Fibonacci
what do you think?
Red
or
Green?
break and retestthe price has broken our trendline
after the retest i expect a nice move to the downside
head and shoulder patternvery nice rejection at the daily timeframe, right shoulder, we complete the reft shoulder
wait for the breakoutif the price breaks the resistance level I expect more to the upside
if it breaks the trendline i expect the price to fall
What is going on in GBPCHF ?Trading suggestion:
At the first, I suggest that you consider the areas I have identified! There is a possibility of a powerful retracement. that two bearish trends are so strong and I will show you in zoom out in the comment below why I said those are so powerful!
If so, traders can set short orders based on Price Action and expect to reach short-term targets.
Technical analysis:
In a long term, GBPCHF is in a downtrend, and the continuation of the downtrend is expected.
The RSI is at 87.60 on daily and 72 on weekly so I think even if GBPCHF wants to break the bearish trend first has to keep calm and fall a little and then keep going for rising ...
Notice: in the other hand we have two news for GBP what the second one is Monetary Policy Report Hearings
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STILL MAKING HIGHER HIGHER AND HLThe PREVIOUS RESISTANCE NOW TURNED SUPPORT
very nice rejection candle on h4 timeframe if the price does not break the structure
I expect a nice move to the upside
