After price tapped into higher time frame supply zone, it reversed giving a shift in market structure from bullish to bearish. It preceded to create and break a few more lows confirming that the shift is valid. In the same process, price accumulated internal liquidity that is nearly fully taken out. During the the initial shift of market structure, price left...
The GBP/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.2660, positioned close to the breakout level. This...
GBP/CAD is rising towards a resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.74118 Why we like it: There is a pullback resistance level which is slightly below the 78.6% Fibonacci retracement. Stop loss: 1.74573 Why we like it: There is an overlap...
GBPUSD has faced three significant bearish pushes right into a major support zone but has failed to break through. This inability to breach the support, despite repeated attempts, signals strong buying interest at these levels. Consequently, this consolidation and failed breakdown indicate a potential bullish reversal, with the expectation of a considerable rise...
EURGBP - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a top. Intraday signals are bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8485. We look to Sell at 0.8485 (stop at 0.8500) Our profit targets will be 0.8445 and...
GBP/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.2703 Why we like it: There is an overlap resistance level. Stop loss: 1.2735 Why we like it: There is a pullback resistance level which aligns with the 138.2% Fibonacci extension. Take profit: 1.2662 Why we like it: There is...
GBP/AUD is falling towards a support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.90141 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement. Stop loss: 1.89863 Why we like it: There is a pullback support that lines up...
GBP/NZD is currently as a resistance level which is a pullback resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 2.08864 Why we like it: There is a pullback resistance that is slightly below the 127.2% Fibonacci extension. Stop loss: 2.09868 Why we like it: There is a pullback resistance...
GBP/AUD has been trapped between a correction trendline and a support zone. Because of that the price moves back and forth in a tight range. If the price manages to break the correction line, this will lead the price into the 1.91 zone. Also, the price has completed a 5-wave impulse before, so any break above the correction line will start a new 5-wave impulse...
Hello traders, JPY journey to lost it's value was profitable for many traders. but when it's going to end? i suggest observing HTF and I'll do in near future. But for mid-term view I think we might see a reversal so if you are an intraday trader please take less risk in longing the pair. I'm waiting for middle or bottom of the channel to start longing again!
GBP/USD Is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and cold potentially reverse from this level to our take profit. Entry: 1.26626 Why we like it: There is an overlap resistance that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.26934 Why we like it: There is a pullback...
The recovery move in the GBP/USD pair from the 1.2660 level appears to have initiated following the price's rejection at the 50% Fibonacci retracement level from the previous swing low. Our long-term forecast anticipates closing this position around 1.2760, as the COT report indicates a potential for USD strength outweighing that of GBP. Currently, the price is...
Price is rising towards the pivot and could potentially fall to the 1st support which has been identified as an overlap support. Pivot: 1.13996 1st Support: 1.13163 1st Resistance: 1.14587 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...
GBP/AUD has just bounced off the pivot which acts as a pullback support and could potentially rise to the 1st resistance. Pivot: 1.8916 1st Support: 1.8869 1st Resistance: 1.9060 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...
Looking to see a correction this week. With the holiday this week I'm thinking that price will be funky on direction so be cautions. We will be ready to take advantage where we see opportunity.
This week is set to be a pivotal one for global markets, with significant economic and political events on both sides of the Atlantic. In the United States, the spotlight will be on nonfarm payrolls at the end of the week, with the economy expected to have added 180,000 jobs in June. This would mark a slowdown from the 272,000 jobs added in May and signal a...
Technical Analysis: EUR/GBP (4H Chart) Current Price Action: The EUR/GBP pair is trading around 0.84722, near the pivot line at 0.84915. Key Observations: 1. Primary Support and Resistance Levels: Primary Support Line (Monthly): 0.83977 Primary Support Line (Yearly): 0.83393 Resistance Line: 0.85728 2. Supply Zone: - A sensitive...
GBP/CAD is rising towards the pivot and could reverse from this level to the 1st support. Pivot: 1.73441 1st Support: 1.72280 1st Resistance: 1.74045 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 investors, so...