GBP/JPY is rising towards the pivot and could reverse to the 1st support level which is an overlap support. Pivot: 193.28 1st Support: 188.98 1st Resistance: 195.93 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
GBP/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 193.28 Why we like it: There is a pullback resistance level. Stop loss: 196.02 Why we like it: There is a pullback resistance level. Take profit: 189.04 Why we like it: There is an overlap support level. Enjoying your...
The price is rising towards the pivot which aligns with the 151.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse to the 1st support which is an overlap support. Pivot: 1.3387 1st Support: 1.3235 1st Resistance: 1.3475 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple...
THIS IS MY SETUP FOR GBP AUD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
London session overlapping on NY and we will have a correctional trend to downside in GU
Hey Trader, Check out this analysis on GBPUSD. The entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS:...
GBP/CHF is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.14044 Why we like it: There is an overlap resistance level. Stop loss: 1.15191 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Take profit: 1.12394 Why we like...
how to prepare for the trade. Professional training if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
OANDA:GBPJPY looks good to short based on downtrend pattern and order blocks, you can see liquidity being cleared out on both ways too on the 15 minute timeframe.
FX:GBPUSD I believe this is something that could play out, not sure about the current dip bottom but the rest is what I would place my bets on.
So i was looking for price to turn bearish last night but it looks like they are not done just yet. There is a zone I see price might just be going for. monitoring London for Scalps but not expecting to much more movement until next week to close out the month.
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.32500 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.32500 support and resistance area. Trade safe, Joe.
EURGBP - 24h expiry Broken out of the channel formation to the downside. Yesterday's Marabuzo is located at 0.8431. Preferred trade is to sell into rallies. The primary trend remains bearish. We look for a temporary move higher. We look to Sell at 0.8430 (stop at 0.8446) Our profit targets will be 0.8390 and 0.8375 Resistance: 0.8420 / 0.8430 /...
GBP/AUD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.96072 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.96958 Why we like it: There is a pullback resistance...
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 61.8% Fibonacci support. Pivot: 1.3235 1st Support: 1.3112 1st Resistance: 1.3302 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Both the Bank of England (BoE) and Bank of Japan (BoJ) are not expected to cut interest rates at their respective meetings today and tomorrow. The US Federal Reserve just chose to cut its own rate by 50 basis points. So, how might the BoE and BoJ decisions be affected? Bank of America projects the BoE will leave its Bank Rate at 5.0%, with the pound...
HELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE At the close of ASIA INTO THE LONDON, TO NY PM SESSION * With a bullish run into Monday open today will be looking for some retracement. * looking at the daily last week friday failed to take high wich is a sign of weakness on GU. * even though the -OB is violated looking for a retracement. *...