🎯 An opportunity from earlier this morning with GBPUSDWe have been running a fresh long with GBPUSD after taking profit from yesterdays analysis this morning. Thought it would be worth publishing the analysis now that the market has had time to settle. I would say this trade is still available for an entry.
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🎯 Altcoin season - XLMUSD may have found support.XLMUSD has had a great couple of weeks, well done to anyone who has held long term. I am keeping a keen eye on the PA behind this coin and think we might have found short term support, to avoid a sell off back down towards Fibonacci. This being, the upside have a better confirmation, as and when the price is able to hold above the Fibonacci resistance line shown, and surpass the 0.21500 region.
GBPUSD SHORT TRADE IDEAHELLO EVERYONE,
Coming to Analysis of GBPUSD , here are a few points to be considered :
--Price Has broken out of the channel and we have a clear "break and retest" .
--Price has broken a 4Hr structure and retested the low .
--Currently I am looking for a nice move to the downside .
--The Targets have been defined over Critical Demand/ Supply zone to ensure accuracy over the targets
USDCHFI understand this trade is likely to be a loss.
Its against the trend and ideally our entry should be at the Orange zone.
However, I've noticed that sometimes potential trades that seem bad can have good outcomes. Although this trade has much less confluences it at least has one which is that it is at a major zone where price has reacted many times before.