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Let’s See Where GBPUSD Exits The RangeOverall, EASYMARKETS:GBPUSD is still trading above a medium-term tentative upside support line taken from the lowest point of March 2023. From the shorter-term perspective, from around mid-December, the pair is moving sideways within a range, roughly between the 1.2615 and 1.2800 areas. In order to consider the next short-term directional move, we would prefer to wait for a break through one of the sides of that range first. A push through the upper bound of the aforementioned range, at 1.2800, may invite more buyers into the game, possibly clearing the way for EASYMARKETS:GBPUSD towards higher areas. There is a good chance we might see a move towards the 1.2900 zone, however, our main target could be near the psychological 1.3000 hurdle. That hurdle is marked not far from the high of July 27th, 2023. On the downside, a break of the lower side of the previously discussed range, at around 1.2615, could spark interest in the eyes of many more bears. EASYMARKETS:GBPUSD could then travel to the 1.2500 territory, or slightly lower to the 1.2450 area. The latter one is marked by the low of November 22nd, 2023. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
AUDUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
How to Setup Daily Charts using Price Action Trading!Hey Traders here is a quick video that explains what I believe is one of the best ways to setup your charts for trading success. My chart trading style does not use indicators. I use a naked charts with support and resistance levels. I use end of day trading daily charts with trend following, and chart patterns, and of course Fibonacci retracement levels. Learning how to setup your charts to see the long term picture of the market can really benefit us in our trading. Enjoy! Trade Well Clifford
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Analysis for U30The charts shows three strong zones the first resistance and the two supports below which might later turn resistance currently after yesterday's double Bottom which broke out the market has currently formed a double top for a down trade but below the break of the neckline there is a strong support if price breaks below we might see a sell to the next support or the base of the symmetrical trnagle or price might test the first support and continue moving up to the first resistance of it breaks above the resistance it's a massive long position
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by uthmanshelle
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$BTC YOLO? HODL? 37k?-77k? BULLvsBEARBTC daily chart looks like it is having a breakout from a wedge pattern first price target is at the .386 fib retracement 2nd PT around 55k at the 50% fib and also the 50 day moving average if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's if we fail to trade above the Fib levels bitcoin is at risk of fading between 33k-37k Neutral/Bullish above the 200MA bearish below extremely bullish above 50% retracement/ 50 MA if Bitcoin cannot get above the 50 day moving average that would signal a possible top and trigger algos to take profit
Long
by bmoneytree
1