GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 1.93444 1st Support: 1.91604 1st Resistance: 1.95355 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...
GBPAUD - 24h expiry The primary trend remains bullish. A lower correction is expected. Price action has formed an expanding wedge formation. Preferred trade is to buy on dips. Bespoke support is located at 1.9475. We look to Buy at 1.9475 (stop at 1.9395) Our profit targets will be 1.9675 and 1.9715 Resistance: 1.9625 / 1.9690 / 1.9760 Support: 1.9475 /...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85800 support and resistance area. We would also consider the current dovish stance from the Bank of England, that should trigger further GBP...
The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
Simple long trade idea here. There is equal highs above. I have my signature R2F gap on the 1h for a long POI. When I saw price, it had just tagged into it, so I market bought in with a stop below the low. Yup, It is pretty simple. Let's see how it plays out =) - R2F
The Cable is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level that acts as pullback support. Pivot: 1.2827 1st Support: 1.2721 1st Resistance: 1.2885 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....
As anticipated, the EUR/GBP currency pair has found support around the 0.8400 level, aligning with our previous forecasts. This area has proven to be a strong demand zone, where buyers seem poised to initiate a retracement, potentially driving the price higher. Currently, the EUR/GBP pair remains within a consolidation phase. However, market sentiment indicates...
GBP/NZD has reversed off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise to ur take profit. Entry: 2.1347 Why we like it: There is a pullback support level which is slightly below the 38.2% Fibonacci retracement. Stop loss: 2.1220 Why we like it: A pullback support level lines up with the 50%...
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.28400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 128400 support and resistance area. Trade safe, Joe.
Conflicts In Middle East Effecting Global Stocks Markets And Currencies Badly As Per The Chart It Will Effect Eur Gbp Too In Coming Days Eurgbp Looking Bullish For Midterm In 3 Days Timeframe Recently Breaks Crucial Horizontal Resistance And Testing Falling Wedge s Trendline Too Incase Of Falling Wedge Breakout expecting 500 Pips Bullish Wave In Coming Days
The GBP/USD pair is currently retesting a previous strong supply area, with the price in an overbought condition. This situation presents a compelling opportunity for a bearish position for several reasons: 1. Overbought Condition: The price has reached an overbought level, suggesting that a reversal or pullback could be imminent as buyers may be exhausted and...
GBP/USD is falling towards the support level which is a pullback support that aligns with the 127.2% Fibonacci extension and could bounce from this level to our take profit. Entry: 1.2700 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Stop loss: 1.2620 Why we like it: There is a pullback support level which...
GBP/CAD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop to our take profit. Entry: 1.77221 Why we like it: There is a pullback resistance that aligns with the 50% Fibonacci retracement. Stop loss: 1.78162 Why we like it: There is a pullback resistance level. Take profit:...
Hey Traders, in today's trading session we are monitoring GBPAUD for a selling opportunity around 1.96250 zone, GBPAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.96250 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area. We would keep an eye on today's BoE rate decision as most banks expect a rate cut including Goldman Sachs...
Looking to go short on cmp 1.2867 Targets: 1.2822 & 1.2775 Stops: 1.2918
GBP/USD has extended its decline after reaching our predicted supply area, as outlined in our previous analysis. (Link below.) Prolonged Downtrend Expected The current trend suggests that the price may continue to fall over the next few months, potentially reaching the demand area around 1.24 before experiencing a new bullish impulse. This aligns with our...
The GBP/USD 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...