GBPUSD DOWN NEXT MOVE BIG FALL SOON Bullish Breakout Scenario (Reversal):
Alternative Idea: Instead of reversing at the strong selling zone, GBP/USD could break above the resistance level at 1.2940 and continue upward.
Trigger: If strong bullish momentum emerges (e.g., fueled by positive UK economic news or weak US dollar sentiment), this could invalidate the bearish setup and turn the trend bullish.
Next Target: A breakout might push the price toward 1.3000 or higher, targeting previous swing highs.
2. Range-Bound Movement:
Alternative Setup: GBP/USD may fail to show any clear breakout and instead consolidate within a tight range between 1.2880 and 1.2940.
Trigger: Lack of volume or mixed economic data could lead to sideways movement, trapping traders expecting immediate directional momentum.
3. Bullish Divergence Possibility:
Technical Suggestion: Check for a potential bullish divergence on momentum indicators like RSI or MACD, where price is making lower lows, but the indicator shows higher lows.
Implication: This could signal weakening bearish pressure, increasing the chances of a reversal.
4. Fundamental Risk:
Macroeconomic Impact: The chart analysis could be disrupted by upcoming events like central bank decisions, inflation data, or geopolitical developments that may favor either currency
Forextarget
XAUUSD BUY STRONG BUY NOW MORE SELL TODAY BUY BUY GOLD CONTINUE Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday
Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand
Technical picture is firmly bullish as indicators are in bullish setup and recent dips were contained by rising
XAUUSD BUY NOW_2380_2375
TP_2390
TP_2400
TP_2450
Sl_2368
GBPJPY now sell GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
Xauusd buy all time high XAUUSD will hold its March meeting this week Although the central is largely expected to keep its policy settings unchanged the institution led by Jerome Powell could modify its forward guidance and adjust its outlook in the quarterly summary of economic projections in light Of gold
EURUSD SHORTS 📉📉📉As i told i would like to LONG USD this week, a perfect opportunity present on EU only if price reaches 1.13500 where we have an important sell area, imbalance fill on h4 + bearish orderblock all of them being located in a premium area on fibonaci that sets perfect sells entry. The market structure is bearish on HTF and we will go with the FLOW not AGAINST. DXY is bullish on HTF.
What do you think ? Comment below.. 📉📉📉
EUR/USD Long Term AnalysisThe EUR/USD has been on the bull for quite some time now, you can agree that whatever goes up must surely come down. That order block which was marked I expect the price to react to it because it actually took out liquidity off the market. i.e It raided the stop losses of all the retail traders. So I expect a bullish movement to that order block then a sell to at least that bullish order block as a retracement.