GBP/JPY is rising towards the resistance level which an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 187.87 Why we like it: There is an overlap resistance that lines up with the 38.3% Fibonacci retracement. Stop loss: 189.83 Why we like it: There is a pullback resistance that aligns...
GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3054 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.3084 Why we like it: There is an overlap resistance level...
#GBPUSD sell opportunity The price already broke the market structure in a lower time frame. Here is the sell opportunity from 1.28122 to 1.2788 zone. Use does not increase risk reward form 1:1RR All details in the chart. Get your confirmation and execute the trade. Good luck guys!
Now that we have the bearish breakout. price should continue moving bearish for now. Will wait for London session to find the next entry.
GBPUSD have rejected by resistance zone and the correction trend have been end, and the price is now on its bearish movement
GBP/JPY Technical Analysis Current Outlook: The price of GBP/JPY is currently trading near the pivot zone, showing bearish momentum. It appears poised for further downside, as it is struggling to hold above key support levels. Best Scenario: The downtrend scenario is the most likely, with the price pushing lower toward the support zone. If the price breaks below...
The drawing process lines have a complete description of the case
After deceiving people, the price registered a fake breakout at the top of the trend, and then after removing the stop-losses, it quickly entered its downward position, and now it has trapped many people, and now it is time to climb.
Last nights GBP news was not enough to make price push to give us a solid entry on the bearish move. We are looking for reactions to FVGs just above the previous daily high before considering any entry.
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance level. Pivot: 1.3046 1st Support: 1.2944 1st Resistance: 1.3181 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...
by Zoom out and look at the daily timeframe we can find real destination. - Look at the shadows, it can indicate oversold and high liquidity, But you have to act smartly and be careful of traps and nets that spread news
waiting for price to confirm it is ready to move bearish. Now we have news scheduled next session. I shall wait for news to pass and see how price reacts.
GBP/USD is falling towards the support level which is a pullback support that aligns with the 127.2% Fibonacci extensions and could bounce from this level to our take profit. Entry: 1.3044 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Stop loss: 1.2975 Why we like it: There is a pullback support level that...
THIS IS MY SETUP FOR GBP NZD I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4. Trade carefully This is not financial advice, DYOR.
Been waiting for price momentum to shift. Now looks like we have it. Have to wait out the next day to see if they are ready to keep moving in a bearish direction.
The GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions. Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by...
EUR/GBP is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.84550 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.84913 Why we like it: There is a pullback...