Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.7329 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.7207 Why we like it: There is a pullback support level which...
Hi friend. Lets look at GBP chart window. We have upward channel with clear bulls accumulation zone "1" and also powerful (in volume mean) correction to 1.268 (big purchases there). Support levels 1.2727-1.2731 (x-lines 1H levels). Bulls target - 1.2788. Transit level 1.2747 (there can be correction). Follow me;)
We have a new alert for a short position on a swing point of view on $GBPAUD. I took this short position after a clear rejection of the previous levels and a breakout structure. My first target will be the last low and maybe we will see another low so keep a part of the trade on position. Great Trade !
The GBPJPY pair gave us a solid short-term buy signal last time we looked into it (April 16, see chart below) and easily hit our Target: The prevailing Channel Up has a clear sell signal on its top, which the price is approaching on the current Bullish Leg since the rebound on the 1D MA50 (blue trend-line). The 1D MACD sequence is the same as the first...
GBP/NZD is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry:2.07489 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 2.06778 Why we like it: There is a pullback support level. Take...
Price is rising towards the pivot which act as a pullback resistance and could reverse to the 1st support. Pivot: 1.2756 1st Support: 1.2635 1st Resistance: 1.2822 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...
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.
Last week was impulsive and continuing to push bullish. The dollar has not has any significant news to push it in either direction so the rest of the market is moving in response to the dollar. As this week opens we are getting close to summer months. Will allow price to open and find a direction before reacting.
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. Could have break up or some pullback before heading higher. In my watchlist 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...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
Expecting a pullback to the +FVG, then a rally back to the highs. From External Liquidity to Internal Liquidity. Am I right or am I right? Let me know in the comments.
The Cable (GBP/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 1.2634 1st Support: 1.2567 1st Resistance: 1.2763 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,...
GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000). ...
The GBPUSD pair is approaching the top (Lower Highs trend-line) of the long-term Triangle pattern, having also broken at the same time above the 0.618 Fibonacci. This is around the levels the pair started its previous topping process that led to the eventually Lower High of March 08 2024. We will take the sell when the 1D MACD forms a Bearish Cross and we will...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in blue. At present, GBPJPY is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong round number $200. 🏹 Thus, the highlighted red circle is a...
EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.8499 1st Support: 0.8474 1st Resistance: 0.8531 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 that...