Harmonicforex
GBPUSD > The Perfect Setup for A Buy Entry!!Analysis of #GBPUSD
Hi traders, today we will have a look at #GBPUSD
the GBPUSD is in this beautiful wedge pattern as you can see on my chart, the market tested its trendline resistance and now started a move down, if you check y previous ideas on the GBPUSD where I explain why I expect the pound to move lower.
now, there is a very good support zone that coincides with trendline support near the 1.165-1.1600 key market level.
if the market drops to my key market support level I will drop a one-time frame looking for a bullish reaction to get in a buy trade with good reward to risk if the rules are met.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.19041
TP: 1.16850
SL: 1.20698
Bias: Short
Recent price study exposes a positive expectation for pairs that run counter to United States Dollar. As we see the strength of dollar is in a declining mode and considering the scope of dollar price changes , the other currencies are oscillating accordingly.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.18797
TP: 1.21257
SL: 1.16864
Bias: Long
Currently the forex pairs are trying to take a directional bias . Though the strength of the pairs do not seem to be equipped with enough strength to slide away to a particular channel in up or down direction, our projection is based upon current study of dynamic support and resistance .
EURUSD > The Best Place for Buy Entry!!Analysis of #EURUSD
The EURUSD is currently at a resistance level as you can see on my chart, but the way the market reached this level shows that the momentum is to the upside, it's not safe to short the market here.
I will prefer to look at a buying opportunity if the market falls to my support zone near 1.01500 and showed a bullish reaction on the lower time frame before I get in a buy entry, with good reward to risk
Thanks for your continued support!
GBPUSD > The Best Placce for Buy Entry!!Analysis of #GBPUSD
We all witnessed what happens last week after the CPI report and how we saw a historic drop in the dollar index, this could continue, and look at the chart I want to start buying the GBPUSD if I see a good setup.
I have highlighted for you the previous resistance zone, now becomes a support zone, so I am waiting to see if the market comes to test my support zone, and provide a reversal pattern before I make a decision to buy this GBPUSD
Thanks for your continued support!
A 1:5 Risk to Reward Sell on NZUSD (USD will go up) Hello everyone,
It has been a while since we had a proper post and we hope to return back to normal moving ahead.
The past 6 weeks has seen a massive weakening in the USD which means stocks has strengthened a lot. This is to be expected as markets swings in both directions.
We see all the USD pairs are completely overbought. (AUDUSD, NZDUSD, GBPUSD and USDCHF being oversold).
This is the moment USD is likely to strengthen and we see the turning point around here.
What are waiting for to pull the trigger on NZDUSD?
1) Hoping for it to get to 0.6120
2) Looking for M15 divergence
3) H4 is already overbought
4) Selling against the high off last week.
If you are patient (and lucky) you are looking at 0.5875 as the target.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.14047
TP: 1.12198
SL: 1.15235
Bias: Short
Current flow of price dynamics is suggestive of a non-directional range bound trades. The optimism for a trending situation or the euphoria of momentum and volatility both are are absent. We are projecting our trade set ups based upon recent movement propensity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.14357
TP: 1.12138
SL: 1.16392
Bias: Short
The forex pairs are in a tight range and the oscillations are rather switching between support to resistance and resistance to support . Our technical analysis based on dynamic support and resistance display optimism for the set up we have projected here.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.12121
TP: 1.09763
SL: 1.13845
Bias: Short
The price pattern of these instruments is getting more range bound and offering less scope to take a bigger or bold directional steps. The price levels are hardly getting broken due to lack of fervor in the market. Our goal is to seek opportunities from the inefficiencies that exist in the market.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The current price pattern of this pair is showing a weak market condition. The dynamic support and resistance also not displaying any edge to go for a strong trading opportunity. Considering the current volatility and the oscillations in the market , we have tactfully projected the trade set ups.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.15283
TP: 1.12535
SL: 1.17090
Bias: Short
The price pattern of this instrument is suggestive of a range-bound and low volatility set up. We are not very optimistic about any strong directional opportunity. We have projected in the chart according to impulsive move structure.