Forexeducation
GBPUSDAs I said last week ..exactly as I said last week GU hit the area of the trend line from where it had a very high rejection that will continue in the next period until the area 37680 where it will have a small rebound and if it manages to break that area will go down 1000 -1200 pips in the coming months!
Even if in the short term GU will make a range move in this area ... in the long term I will look for SELL!
As you can see in the 1 month chart GU has rejected from the trend line formed in the last 10 years that coincides with Ichimoku's cloud ... as I do not believe in coincidences in Forex I will continue to believe that we will have a descent to the 1.38 area and there right around 1.33!
However, with a closing even for a day over 1.38 I will look for Buy to the trendline and from there ... DOWN AGAIN!
THIS WEEK...as I said in the last weeks GU has already dropped 550 pips from the 1000-1200 I predicted!
Even if he makes a range in this area and climbs again to 38700 ... I keep my idea of descending until he restores all W
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GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
EURJPYAs I said last weekS .... EJ closed over 130,200 and came close to 131,000 from where it rejected very strongly entering again below the trend line! analyzing the chart on 1 month where it formed "W" and where I kept saying that it will go down minimum 500 pips and the chart on 1 week !
I can say that I will search SELL until 128,200 or maybe even below ...
THIS WEEK...as I said last week, EJ reached 128,200, from where it strongly rejected ...
Starting last week, a new Fibonacci downtrend was formed on the 1-day chart with the Fibonacci level 618 at 129,700 ... from where I think it will reject again and will go down to 127,200 (see the round area) where ... UP AGAIN!
However, a 1-day close above 129,700 opens the BUY area again for at least 100-150 pips!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
GBPUSD - Full Analysis Breakdown. Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
ALpha Trading Group is back!!! NZDCAD breakdown!!Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on NZDCAD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
EURAUD Just has broken weekly supportEURAUD is just below weekly support and a high probability sell trade opportunity.
Sell Limit @ 1.53904
Stop loss @ 1.54512
Take profit @1.52648
R/R= 1: 2
Disclaimer: Please note this is not any kind of investment advice and conduct your own analysis before taking any trade based on this
GBPCHF HEAVY SHORT OPPORTUNITY!!Last week, the COT data came out and showed that with time, the CHF has been becoming strong against the GBP and the technicals have been proving it. On the weekly weekly chart, the candle has flipped bearish meaning that the long impulse could be coming to a close. We are most likely to see a retracement on the weekly which will be a huge opportunity to short the market. I think the market will be heading down to the green line in time before a further push to the upside.
How to identify a trending market?To identify a trending market it is important to understand the market structure. When a market creates a series of higher high and higher low, that means the market is in an uptrend and buying is the most profitable trading opportunity
in this market. When a market is creating series of lower high and lower low then the market is in a downtrend and selling is the most profitable trades in those market
GBPCHF POSSIBLE LONG ENTRY!!!This pair has been trending up and on the higher time frame, there is still clean range to the upside for this pair to move and fill. With the evidence of a bullish pennant, i believe this pair to be pushing up further more to fill the range marked by the green lines. I also believe that according to the COT data, this week, the short move involving the CHF has happened already and the commercials have geared up for price to move up. (my opinion). We shall just have to wait for the report today to confirm that. Until then, it appears bullish.
What are your thoughts on this pair? Please leave a comment.
SHORT ENTRY ON GBPJPY!!!!This pair has been trending up and quite possibly could still be trending up, however, the market is currently at resistance evidenced by the trendline its touching right now. I expect the market to bounce off the trendline and move to the support area evidenced by the blue rectangle before continuing to the upside. What are your thoughts on this pair?