Currently seeing a long bias on GBPUSD over the next few weeks, however suspecting some downside movement to play out first. Strong rejection from 1.2575 zone indicating a strong upside and would need some manipulating in play to fulfil the downside zone. We could still go long on GU adjusting our position to 1.266 and moving our SL to 1.255 we need a strong...
There is an opportunity to go long on GBPUSD with a risk reward ratio of 1.91 following the rejection of 1.2400 level with this in mind I would be risk a small amount to for this trade. First take profit only 50 pips away!
GBPUSD medium SL required best entry is at 1.3855 however the market may move to the upside from weekend open. A lot of market movement will depend on the FEDS interest rate decision however we can expect the market to hit our first take profit this week. Massive reward risk available here.
Here we have GU current rejecting from 1.3860 this is in line with fib 61.8% retracement which enforces the confidence that GU will move to the upside. It the looks like it will try and retest the 1.4000 major resistance level before building more momentum for short on the weekly timeframe. There's important news this week that could decide whether GU has enough...
GBPUSD currently rejecting from monthly resistance level, we could still see a further fall of 200 pips before, by continuing the move to the upside. As we are in a strong bullish rally there is still an opportunity to re-test the key monthly resistance level.
Looking at the current momentum of bitcoin there are a few potential retracements that could be suitable to buy during the dips. We have identified key areas for bitcoin where investors and institutions may look to place buy positions. These are also psychological numbers for the market. We have also identified a consolidation that BTC could re-enter should it...
Here we have ERC'20 coin Spiderdao against ETH, price has reversed from the current support level around 0.17700 and is now looking to rest the higher highs. Price is currently seeing a symmetrical triangle at the moment. It is expected to break out of this within the next week. This gives us a nice risk to reward ratio to thank the trade.
Looking for a short on EURUSD on Tuesday 16th Feb we will have the GDP and employment data announcements for the EUR which could spark the initial move to the downside. Nevertheless we have a lot more data for the EUR and US Dollar this week that could impact market volatility. We will look to short EURUSD due to weekly consolidation forming, we currently in mid...
The tension has been at an all time high for this crypto currency pair as we have had a lot of negative news relating to the parent company Ripple. Although the lawsuit is to go ahead in February despite seeing a huge sell off from the 0.8 dollar region XRP still has the potential to reach all time highs. This will severely depend upon the lawsuit schedule towards...
FastSwap is an ERC' 20 token the derivative of this token is Ethereum. We currently see a good opportunity around $230 which gives a good opportunity to make a 100% ROI with stop loss around $190 this would respect our risk reward ratio as well.
Here we may see a bullish move to the upside if price can hold off from 0.7690, Potential take profits would be at 0.7740 & 0.7782 The figures released on Wednesday for the FOMC and FED interest rate decision could be the catalyst needed.
We are currently at major weekly/monthly resistance level which has now broken, awaiting for a monthly candlestick closes before we can look towards the bullish target.