Wait for trendline to break and then enter the trade.
The GBPUSD pair has formed pinbar in 4-hour chart after breaking the trendline. Potentially, a 100 pip trade opportunity exists here. Manage your risk and trade smartly.
Wait for the price to reach 61.8% retracement level. Enter the buy provided a potential reversal in the area. Afterwards, look for the short term trendline to break for another buy opportunity.
EURGBP seems vulnerable as the Pound has already seen a drop and is now stabilizing but Euro is still weak. Sell @ 0.8950 with sl @ 0.8985 and tp 0.8930, 0.8910 and 0.8890
Sell the pair around 0.7238-45 with SL 0.7265 and TP 0.7200, 0.7145
Price is wobbling around a stiff resistance area. Wait for breakout and trade. Bearish bias is more prevalent and path of least resistance is also on the downside. To the downside, our targets are 1.3050 followed by 1.2960.
You can shortsell the pair if the trendline is broken and then the broken structure is retested.
EURGBP bulls are accumulating strength. The ultimate target seems beyond the 0.9000 mark as long as the price remains above 0.8860 area.
The price has broken out of consolidation and preparing to fall further towards demand zone 0.6840.
Wait for the price to breakout of the balanced area. Buy on retesting of the broken level.
Wait for breakout to play. Apparently, it's gonna break the downside.
The pair is consolidating at the moment and looking for directional bias. Prudent to wait for a breakout on either direction. However, higher probability is to break on upside amid 55-100 DMA cross over and 200 DMA protecting the downside at the moment. For more alerts and educational stuff, like our page: fb.com/blackpipper
The pair is whirling around in the balance area and accumulating more strength on either side to break. Entry will be updated upon confirmation.
Here we have seen since several weeks that AUD/USD ranges around 20 sma and taking the support it jumps up. However, observing the last few candles, it is observed that volume is high on bearish candles relative to the volume on bullish candles. Right now, the price is around 20 sma and if clearly broken, we expect the fall towards 7900 followed by 7850 and 7800....
The price is near it's strong support zone i.e. 91.65 - 91.50. Keeping upcoming news in sight, we will have a decisive action in this area. In view of volume and orderflow, it seems like DXY will rebound from this level. Stop can be placed slightly below 91.50. However, there's no trade through pending order rather we need to observe the volume and price behaviour...
The pair has swiftly moved downside on increasing volume while the price has also crossed and remained below 20 sma. RRR is above 3 in this trade.
USDCHF has been sold based on m5 volume spread and price breakout. However the chart is m15 as TV does not allow lower TF. The potential targets have been marked with the arrow. If price breaks the range with high volume, there's always a high probability trade.
Short Entry at 9980 Technical Reasons: >MACD Divergence Target: > TP1: 9900 (dynamic support + round number) >TP22: 9840 (second support + Fibb 38.2%) SL: 1.002 (Round number, psychological resistance + MACD divergence spot)