Entry: Market; Stop: 1.1275; TP1: 1.1151; TP2: 1.0929. We follow the market structure.
Good day to you there. Long time no see. We are on GU now. The overall trend is down. And as we see now, the H1 timeframe has shown the rejection of level 1.12399, and it appears to be heading to the downside now. What does this mean? It means that you can sell to catch at least 70pips before nightfall. Exit at the support area=1.1151.
Good day to you over there! Will the GU continue to sell this week? The answer to this question is 95% yes! The bearish continuation probability is very high. Technical Analysis: Currently, the price has pulled back to the level of 1.1178, in the h4 timeframe. The whole trend is down below the 150, 50, and 200 EMAs. What do we expect now? We are waiting for...
The sell continuation is intact. The price is below the 80 and 50 EMA's in the h4. So, I see no trace of buying this market now.
Should you think of buying the GU in the current market condition? I think the answer is a big 'NO'. Why? The answer is that the GBPUSD is seriously weak. Don't buy it. Analysis: Currently, I see the price within the triangle chart pattern in a strong downtrend in the H1 timeframe, and the price is pulling back to the "mean", that's, to the dynamic resistance...
The current EU BIAS is a sell. No much talk about this as it's clear that the EU and GU are down. These two pairs have positive correlation. So there is no much talk on this.
GU. is seriously week. There could be a sell continuation today as the price is showing strong bearish momentum. The GU market is currently below the 80 and 50 EMAs, and a bearish bar has formed in the h1 timeframe, showing a confluence by respecting the trendline and the moving averages. It's a sell
EU is still down. There is a high probability of bearish continuation as the price is still below the 80 and 50 EMA's. And now, the market is in consolidation. The bulls are finding it very difficult to break above the resistance level of 0.96997. We may shot this pair and have a profit target from 0.95552.
Perhaps you have sold usdcad, and your stop loss has been hit, you can sell it again. The price has rejected the 61.8 fob level. The price is below the channel now, and as a result of this, it's going to sell strong.
As you can see, it seems to be selling, right? It seems the momentum has completely changed to favor the bears now. The question remains where can I take profit? The answer is First TP:1. 3200 and Second TP1.3104. technical level. This is based on a technical analysis of the price chart. If you see that the bearish move is still strong, then you can lock the...
In the h1 timeframe, we have seen that the usdcad has broken the price structure by breaking below the current immediate support level (higher low), and it's out of the wedge already. The support level has now been retested and rejected, turning into resistance, as a result of the small bearish candle that has formed, showing us that the momentum has shifted in...
Currently, the GU has broken the support level, and we have come to the end of the correction by the formation of the bearish engulfing candle that has formed in the h4 timeframe. The chart above makes this analysis clear. Check it out.
In that simple EURGBP chart analysis, the price has fallen out of the wedge to the downside, showing that a bearish move is about to start, as the price has failed to make a new high, and it's currently respecting the resistance level in the h1 timeframe. Also, a bearish engulfing candle has formed below the resistance line, showing us the signal to short this...
Good morning there. Currently, the EURGBP has broken out of the wedge to the downside. The price is respecting the resistance and an engulfing candle has formed on H1 right now, showing us a cool bearish signal. Watching the analysis in the chart, you will see clearly what is going on in the EURGBP MARKET. YOU CAN TAKE A SELL ORDER NOW. 0.87153 is our profit...
GU bearish continuation continues. This is H1 timeframe
We ran at loss yesterday. I think we could recover today from the bearish continuation of the GU market. No signal to sell the GU because the whole trend is still down. The price is below the 50 and 30 EMA's, showing us that the bearish trend is strong.
The GU has rejected the support level in the H1 by a strong bullish engulfing candle, which has created a tail bar in the H4, showing us a bug rejection of the support also. It is time to go long.
Currently, the EU is respecting 0.9959 horizontal and trendline support levels. And it's like a strong bullish engulfing candle is about to form. If it forms, it's very safe to long this market. But, wait till 10 am, that is, when this current candle closes. Target take profit levels: 1.0034, 1.0110, and 1.0193. Be patient.