In today's trading session, our focus is on GBPNZD, where we are eyeing a buying opportunity around the 2.08000 zone. GBPNZD is currently traversing an ascending channel and is in a correction phase, approaching the channel support at 2.08000. Adding a fundamental layer to our analysis, recent Consumer Price Index (CPI) data indicates a trend of softening...
POUND is gathering liquidity, wait for the price to hit the supply zone for a good short position, confirm your entry in Lower timeframe, i.e 5 minutes. As price is currently following a bearish trend this is what i though the market will do. Happy Trading.
GU longs have worked out to a T. Now looking forward for the price to break below the 1.26900 as a a confirmation for shorts. Well, the break alone wont be considered as a valid entry, but will keep you posted!
GBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
Top-down Analysis. In this video, we take a close look at the GBPUSD to find out where it is going. Using a top-down analysis, we have examined all possible directions of price movement in the short term and long term, respectively. We are expecting to catch a down move that will give us a potential of 147 pips in profit if it goes our way.
Entered during London session, rejection from CE of the orderblock, targeting 1:3 RR Trade I will hold through the day Simple, see how it pans out
Good morning, the pound is in a long context in sync with all timeframes. Priority is exclusively on working within the long context, with the daily target being the Asian high.
GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. The preferred trade is to buy on dips. We look to Buy at 1.2725 (stop at 1.2693) Our profit targets...
Everything is in place for GU to start moving bearish. At this point we wait for London session and look for all the stars to align.
Consider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 187.000 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 187.000 support and resistance area. Trade safe, Joe.
This is a area I have been stalking for a sell. Looking to see how price reacts here and if we can find a entry for a nice swing position.
Today's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next...
I see a potential high reward setup for sells lining up on GJ. Would enter on break below 187.550, but ideally would love to see that area changing to resistance and a rejection of the price off of it. Stay safe!
Good evening, traders! My bias for short term longs towards the supply zone persists, although I feel like an H&S is forming on the Hourly and reverse might start solidifying around current price-points. Will keep you posted
1H - On the hourly timeframe, we are currently in a long context, with the nearest target being the Friday High. After updating that level, I plan to revise the idea based on the price reaction to the Friday maximum.
4H - After the removal of the SSL (Sell Stop Level) on Wednesday, the price established a weekly low and experienced a reversal, breaking the structure and continuing the upward movement on Friday after entering the FVG (Fractal Volume Gap). After receiving a reaction at the nearest fractal minimum, the price continued the upward movement. I consider 1.276 as the...
1D - On the daily timeframe, we continue to be in a long context. Throughout the week, we sustained the movement from highly liquid zones. After Friday's close below the previous fractal, the price initiated a short movement towards the nearest fractal minimum (as mentioned in last week's review, the decision to leave equal lows around 1.26 seems justified). Due...