British Pound / U.S Dollar 4hr gbp/usdtarget 1.19 bullish case, we are in down trend, although falling wedges tend to break to the upside 68% of the time. looking for a bounce of the trend line, hit resistance, then test, slight downside before a break of resistance to 1.19. could take couple weeks to play out,
Day's Range 1.1602 - 1.1694
52 Week Range 1.1602 - 1.3913
Ask 1.1648
long term we could see alot of downside for gbp as dire forecast from Citigroup, which expects UK inflation to reach 18.6% next year for the first time since 1976 as energy prices rocket amid the cost of living crisis.
Forex-trade
Pound, GBPUSD forecast and signalWe have a double-bottom on the British Pound daily chart.
After breaking the daily resistance that you see in the chart photo, it is a good time to trade short
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EURCAD | Ideal shortThe floors and ceilings of the side areas act like magnets.EURCAD currency pair broke the floor of the side area and then returned to this area. Therefore, we should wait for the price to touch the top of the side area.
If the price does not reach this point, it will certainly drop from lower points.
be profitable🤑
EURUSD forecast and ideaNo Comment!
Euro Dollar | EURUSD
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AUDNZD | ShortOkay
As I said before, the trend of this currency pair is downward, but I saw a signal from the chart that if the price reaches the specified entry area, it will be confirmed to enter the short position.
Also, compared to the previous analysis, I made the view more detailed and the TP smaller
be profitable🤑
Gold 1 hour : all eye on 1740 gap (it is on gold futures) see gray line on chart , as i predict yesterday gold break last low and start down trend (secret= break low/high in god mean 90% trend down/up will start , for ths we must put SL in last low/high )
when gold reach above grean arrow ,dont hurryup for buy , wait OK verfy (pinbar on higher time or last trendline break in 15min)come then buy ok?
SL=pinbar or day low TP=1820 wait time =7 day reach tp=50% reach SL=50%
dont close your buy soon, after 10.00-15.00 point ,move sl to open price,then let it go up (with zigzag,mini crash gold always go up)
wish you win my friends , be careful ,break 1710 big trendline can crash gold to 1600-1550
gold futures 4hour say:
GBP/USD buy the dip, scalp, but watch daily extensionGBP/USD is under pressure but bulls are moving in and there is a scalping opportunity to be had.
The price is in a phase of accumulation, moving out of the resistance trendline.
Should the bulls stay in charge, then the scenarios in this video could play out in either an imminent breakout of the structure higher or a protracted phase of price discovery allowing for a dip lower and some sideways price action within a broadening formation and range.
However, watch the daily chart and be mindful of a move lower to 1.1880. You want to see a bullish structure forming on the 15 min or 5 min charts to protect your stop loss and in the case of price running in profit but only to be knocked back, you want to think about your breakeven levels.
I will add to this as the price action develops and give some setups along the way that might be useful to you all.
Time for a long on CADJPY 💹I have a trade alert for CADJPY.
Trend trade identified and entered.
Working H1 timeframe.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EUR/USD DIRECTION DETERMINATIONEUR/USD finally provided some momentum. Now i'm waiting for a good setup to enter the market.
I marked a supply zone above, for sells, and a demand area bellow, where i'd be looking for buys.
Prefered market direction is still SHORT, BUT we do see some bullish potential in this pullback. Is it already time for a TREND SHIFT? let's see!
Risk is managed no matter what happens!
*TRADE SAFE GUYS*,
T.
GBPUSD 1hA short trade
The price is filling the gap, downtrend, an order was placed on the one-hour supply area with 0.5% risk.
Why 0.5% risk? Because entry is risky, if you want to risk more, for example, about 1%, you should wait for the price to reach the supply area and observe the reaction of the price to the area and then enter after confirmation.
19/06/22 Gold 4h AnalysisGold has been in consolidation since 24th of May from it's last Peak Formation Low, indicating a market reset and the Market Makers are more Bearish than Bullish and that trend instead of continuing Bullish will be initiating another Bearish run, but this pair is pretty neutral so far, so we will be waiting next week to see what's popping but from my general analysis I suspect Gold to go Bearish this upcoming week, for Gold has made pins to the Mayo (200ema) and just after that on the 4h it made a Lower High of which is a Bearish movement.
If price breaks the 1850.000 zone and breaks the 200ema we can suspect it isn't a market reset and price will continue Bullish as Market Movement should, and if Market price breaks through the 1830.000 zone we will continue Bearish to the 1800.000 zone and create a new Peak Formation Low from there.
10/06/22 EurUsd 1h AnalysisEurUsd created a peak formation Low and has played out a multi-session W pattern with heavy divergence on the TDI. Market price has now shifted from Bearish to Bullish and price rose from Peak Formation to Level 1 and did its first Stop hunt low to the 50ema on Friday which also coincides with the 1.05000 zone. Meaning this pair could either drop to the 1.03500 zone to create a 22 trade (2nd leg on the 2nd leg) or price action will follow the regular market movement and continue with its Bullish cycle. On Forex Factory there is news for Monday that will be good for the Eur currency.