Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. 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 content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85100 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85100 support and resistance area. Trade safe, Joe.
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:...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPAUD has been overall bearish , trading within the falling channel in red. At present, GBPAUD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance marked in green. 🏹 Thus, the highlighted red...
Key factors for EUR/GBP trade next week With a European Central Bank (ECB) decision due next week, a trade in the GBP/EUR could be of interest. Presently, the EUR/GBP is trading at the lowest rate since August of 2022. The divergence in monetary policy between the ECB and the Bank of England (BOE) is what could be driving this weakness in the EUR. E ECB...
GBPCHF - 24h expiry We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. Previous resistance at 1.1513 now becomes support. We look to buy dips. We look to Buy at 1.1513 (stop at 1.1473) Our profit targets will be 1.1613...
EUR/GBP has just bounced off the support level which is a pullback support and could potentially rise to our take profit. Entry: 0.8501 Why we like it: There is a pullback support level. Stop loss: 0.8456 Why we like it: There is a support level which lines up with the 61.8% Fibonacci projection. Take profit: 0.8530 Why we like it: There is an overlap...
GBP/CHF is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.15106 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.14031 Why we like it: There is a pullback support level which...
GBP/JPY is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 198.03 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 195.74 Why we like it: There is a pullback support level which...
The Cable (GBP/USD) is currently at pivot and could potentially rise to the 1st resistance. Pivot: 1.2689 1st Support: 1.2607 1st Resistance: 1.2798 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...
Been waiting for price to turn bearish. Its here now. so for the time being taking advantage of a pull back and will look for a entry for the sell during NY session and USD news.
Key Points: Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2720 2nd Support – 1.2680 Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the...
The Cable (GBP/USD) has reacted off the pivot and could drop to the 1st support. Pivot: 1.2790 1st Support: 1.2697 1st Resistance: 1.2859 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 ensure...
GBPAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9230. We look to Sell at 1.9230 (stop at 1.9280) Our...
hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level...
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Poin ts: Sell Entry: Consider entering a short position around the current price of 1.7405, positioned close to the top of Channel. This offers an entry point near...
**Overview:** This analysis focuses on the short-term and mid-term channels, along with key pivot and fractal lines for GBPUSD. **Features of the Chart:** 1. **Fractal and Daily Pivot:** - The chart shows a significant fractal point that coincides with the daily pivot level. This area acts as a crucial point of support/resistance. 2. **Channels:** -...