Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.
GBPNZD Buy Stop Loss: 2.092 Targets: 2.099 2.100 2.101 2.102 2.104 2.106 2.108
Price is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
GBPJPY - 24h expiry The primary trend remains bullish. A lower correction is expected. Previous resistance level of 191.55 broken. Bespoke support is located at 191.35. Preferred trade is to buy on dips. We look to Buy at 191.35 (stop at 190.85) Our profit targets will be 192.55 and 192.85 Resistance: 192.35 / 193.00 / 193.50 Support: 191.35 / 190.85 /...
#DayPlan The pound, like the euro, remains in a long context after yesterday's news-driven movements. The clear priority is also to work in the long direction. I am ready to consider positions for continuation from the fractals formed during the Asian session.
The GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target: This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when...
As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.
The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum. Target Levels:...
The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance...
The price is rising towards an overlapping resistance and could reverse from this level towards our take profit target Entry: 1.26919 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and the Ichimoku Cloud Stop loss: 1.28015 Why we like it: There is a pullback resistance Take profit: 1.25873 Why we like...
The price has swept some liquidity above this year's equal highs while at the same time diverging with Euro both on HTF and MTF. The target for this move is EQL.
NFP preview: Trading S&P or GBPUSD? US Fed Chairman Jerome Powell has reiterated on multiple occasions that a tight labor market acts as a deterrent to lowering interest rates. Which is why this month's NFP data release should be interesting. This Friday's Non-Farm Payrolls (NFP) data is expected to show an addition of 200,000 new jobs. Since Feb 2023, data...
Price does not have a solid direction so we are monitoring to see how it reacts to news. Looking for monthly lows to be taken before a direction is given.
Price is rising towards an overlap resistance and could reverse from this level to the 1st support level Entry: 1.70744 Why we like it: There is an overlapping resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.71268 Why we like it: There is an overlap resistance Take profit: 1.70247 Why we like it: There is an overlap support Please...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area. Trade safe, Joe.
Price is falling towards an overlap support and could bounce from this level to our take profit Entry: 2.10607 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement Stop loss: 2.09344 Why we like it: There is an overlap support level Take profit: 2.12203 Why we like it: There is an alignment with the 78.6% Fibonacci...
Price is rising towards a pullback and could reverse from this level to our take profit Entry: 1.25940 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 1.26552 Why we like it: There is a pullback resistance level Take profit: 1.25270 Why we like it: There is a pullback support Please be advised...
The price is currently at a key support level and could bounce from this point to reach our take profit target Entry: 1.35559 Why we like it: There is an overlap support Stop loss: 1.35158 Why we like it: There is a pullback support Take profit: 1.36139 Why we like it: There is a swing high resistance Please be advised that the information presented on...