After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published...
Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower,...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price...
Price is rising towards a resistance level which is an overlap resistance level and could reverse from this level to our take profit Entry: 1.26843 Why we like it: There is an overlap resistance level Stop loss: 1.28042 Why we like it: There is a pullback resistance level Take profit: 1.25387 Why we like it: There is a pullback support level Please be advised...
The price is rising towards a pullback resistance level, which aligns with the 61.8% Fibonacci retracement level. It could reverse from this point towards our take profit target Entry: 1.71859 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 1.72912 Why we like it: There is an overlap resistance...
Hi folks today I'm prepared for you British Pound analytics. Some time ago price in a short time rose to the 1.2765 resistance level, which coincided with the resistance zone, and soon broke it, after which GBP rose to the trend line. Then the price turned around and started to decline in the downward channel, where the price declined lower the 1.2765 level,...
The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern: The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have...
GBP/USD is rising towards an overlapping resistance zone, and a reversal from this level could indicate a double top pattern, which could lead the price to fall to our take profit target Entry: 1.26850 Why we like it: There is an overlap resistance level Stop loss: 1.28042 Why we like it: There is a pullback resistance level Take profit: 1.25387 Why we like...
The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target. Entry: 2.10588 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 2.11738 Why we like it: There is a pullback resistance level Take...
GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU. Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again...
Weekly update for Bitcoin Cash (BCH/GBP), price has created and held a new Level of floor Support at: £421. Median will be in the range of £472, it appear BCH has had a wick rejection on the candle exactly at a major resistance level of: "£581". Long term still very bullish, but expect prices to be in consolidation of the range of inbetween: £472 - £581. Any...
Bitcoin had broken a previous Support Level at: "£53K" which acted as a Resistance area back from April, 4th. As as result, this created an uptrend. £55.6K is now acting as a strong Resistance zone from the current dump that we've just experienced. BTC bulls have managed to push the price above £54.2K, which was a key level on multiple time intervals. For this...
The pound, like the euro, has been in a short context since yesterday. The clear priority is to work in the short direction. A local magnet for price is the FVG formed above, from which we would like to see a reaction, with targets set at the Frankfurt minimum.
gbp cad price will be back to support zone to balance liquidity take a short after breaking resistance zone as shown in the picture, follow for live updates @FOREX_TRADER_007
GBPAUD is rising towards a resistance level which aligns with the 50% and the 78.6% Fibonacci retracement and reverse from this level to our take profit Entry: 1.92761 Why we like it: There is a pullback resistance level which aligns with the 50% and the 78.6% Fibonacci retracement Stop loss: 1.94481 Why we like it: There is a pullback resistance level Take...
Price is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 2.09335 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 2.08842 Why we like it: There is a pullback support level which aligns with the 61.8%...
Overview: The GBP/USD pair is currently exhibiting a wedge pattern formation, indicating a potential reversal in market direction. The pair has recently tested a supply zone and experienced a pullback, suggesting a bullish bias in the short term. Furthermore, there's evidence of the pair testing a demand zone, providing additional support for a bullish...