GBP/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.92600 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.93471 Why we like it: There is a pullback resistance...
GBP/USD is currently at a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.27953 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.27044 Why we like it: There is a pullback support...
The GBPNZD pair recently made a Bearish Break-out as it broke below the Channel Up and the 1D MA200 (orange trend-line), introducing a new Channel Down pattern. On Monday we saw the latest rejection on the 1D MA50 (blue trend-line), which has been holding as Resistance since May 03. As long as it holds, we expect the new Bearish Leg to start. The previous one...
Aw we monitor GU for this London session looks like it wants to continue. We have USD news tomorrow that can shift everything. So we have to be cautious.
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level....
GBP/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.27648 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.28118 Why we like it: There is a pullback...
Hello Traders, In today's trading session, we are monitoring GBP/USD for a potential buying opportunity around the 1.26700 zone. GBP/USD is currently in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 1.26700. Please note that tomorrow we face two significant events: the release of the CPI data and the FOMC...
EURUSD on the 15m chart is presenting a promising buy scalp opportunity. The pair is currently resting on a solid support zone, suggesting potential for a bullish move. Keep an eye on this for a quick trade!
I'm bearish on GU looking at the price action that it gave us last week. We opened the week pushing low and now starting to look for a new high. After it finds its spot we wait for the killzone to enter. The dollar is looking like it wants to reach for new highs in the long run. So we just ride the wave.
GBP/AUD has just reacted off he pivot and could potentially rise to the 1st resistance. Pivot: 1.9245 1st Support: 1.9162 1st Resistance: 1.9338 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 please...
The Cable is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.2765 1st Support: 1.2689 1st Resistance: 1.2816 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 please...
Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price: 1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels:...
After the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat. EASYMARKETS:EURGBP #EURGBP Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads...
GBP/USD is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 1.26959 Why we like it: There is an overlap support level. Stop loss: 1.26333 Why we like it: There is a pullback support level which lines up with the 50% Fibonacci retracement. Take profit: 1.27675 Why we like...
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a selling opportunity around 1.93700 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.93700 support and resistance area. Trade safe, Joe.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gbpaud likely should have more upside to come .Euraud has similar setup but will go for gbpaud instead. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the...
GBP/USD faced a big loss after NFP data. Right now the price left a big FVG, and we believe its going to be filled the next week. DXY moved sharply and sentiment around it is bullish as well. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for...
Here is a short trade idea on GU. On last Friday we had a volatile displacement to the downside, so I would like to take a short, targeting the SSL below, into a weekly FVG. Pretty straight forward trade. Price could go lower than that if the trade was correct in the first place, so I would likely leave a runner between 20-30% of the position at that point and...