SELL GBPUSDConsider selling GBPUSD SWING TRADE based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Gbo
Sell Trade Setup On GBPAUDHey Traders,
Obviously GBPAUD is madly bullish on 1D, 4H and 1H! No single doubt about that.
However, on 30Min TF, it just broke structure, and that is very important cos 30Min is the fractal TF 4H and 1D traders uses in executing their trades, but that is not the show!
On 1W TF, the price is trending in a Symmetrical Triangle, and that spiky s**t we saw last week made the retest of the upper band trendline active, now the rule of Symmetrical Triangle is that, it can either go up or down, but we are talking about Weekly TF here so a lot of things can happen fractalizing the TF, you can sell, and Buy.
Breaking the market down to 30min, it just showed a very spiky Head and Shoulder pattern and the retest of the neckline just got triggered, i am looking to sell it down to retesting the Trendline, then wait if there is going to be a BOT of not.
EURGBP can move lower? 🦐EURGBP on the 4h chart is trading over a support zone.
The market after many test over it might be breaking below in the last trading day of the week.
According to Plancton's strategy IF the price will break below i will consider a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURGBP testing a weekly resistance 🦐EURGBP after the recent test of the lows started the trading week with a move to the upside.
The market is testing the resistance and according to Plancton's strategy if the market will provide us a sign of inversion we ca set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Got stopped out by wickThe price was in a mini range at the resistance on the 1H range, idea was to take a sell for the price to hit the support level at .720, Took an entry, price hit TP1 so I moved my SL to BE, new hour candle wicked up.. stopped me out and continued in my direction..
Live and learn, I need to be cautious about a new 1H candle and bare in mind that EU trading starts, maybe halve my risk rather then move to BE.. We'll see next time.
GBPAUD - Potential Bearish BatBat Pattern Elements:
• B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or
38.2% retracement.
• BC projection must be at least 1.618.
• AB=CD pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
Harmonic Trading: Volume One
GBPCHF daily Analysis by ThinkingAntsOkMain items we can see on the chart:
a) The price was on a descending trendline and reversed after facing a major support zone and the lower trendline of a descending channel
b) We observed a corrective structure (yellow lines) on the edge of the descending trendline before the breakout
c) From the current level, we expect a bullish resolution of the situation
d) The Horizontal purple lines are important resistance levels in which you can expect corrections to happen
EURBGP makes history, easy shortEURBGP makes history, easy short
I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would have called a ‘blow-off’ move. Almost the entire move has been on lower daily volume (exception being the 21st).
The RSI and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a 50% retracement.
EURUSD sharp breakout - 1.1215 low aheadEURUSD broke out quite sharply yesterday - i am expecting this market to test prior lows since we have momentum weakness all across the board and overall the market is bearish trending from 2017. I am looking for lower degree time frame corrections to build shorts.
Keep a close eye on this market.
Trade Safe!
USDCAD TWO SET UPSUSDCAD TWO POSSIBLE SET UPS
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line , which will warrant sell positions to downside target zone
BIG TIP: Sometimes being conservative and waiting for a break + retest of a broken trend line or counter trend line can be very useful to increase the probability of your trade and to confirm market direction
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!