Market Context Instrument: GBPUSD Timeframe: 4h Key Trend: Reversal from short 4h downtrend Catalyst: support from 4h bullish channel + Elliott wave 4 completion. Technical Analysis Patterns/Levels: Price broke above the $1.2400 strong support of a 4h bullish channel. Indicators: MACD bullish crossover; RSI above 50. Entry Analysis Entry Zone:...
Hey Traders, what you think of this trade? Price has broken the bearish channel. Price retraced to yesterday low demand zone and bouncing to this week high to test or break. Thank you
Hello Traders! What are your thoughts on GBPUSD? My GBPUSD Technical Analysis Breakdown Current Market Context The British Pound versus US Dollar (GBPUSD) has shown resilience by bouncing from the critical $1.2300 support level. This price action suggests buyers are defending this level, though we remain within a larger bearish channel. Technical Setup - Strong...
Hi Traders, EURUSD Very Bullish heading towards the 1.1500, as per my analysis its in the Swing ABC pattern expecting the below prices. SL: 1.0913 E: 1.1019 TP1: 1.1288 TP2: 1.1444 Note: This analysis is for strictly education purpose only. Disclaimer: Trading Risk is the subject to market conditions. Trade safe with proper Risk Management. Happy Trading.
EURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk....
EURUSD Short Corrective ABC wave for few pips. In this trade entry was took at 1.09237, TP1 @ 1.09523, TP2 @ 1.09636. SL 1.09033. We can trail the stop according to the ADR levels. After this short correction, we can expect the another correction for downside. Note: EURUSD is Bullish Long on Daily, Weekly, Monthly as per my analysis. Kindly, note this analysis...
EURUSD is in the Correction phase for future Long Bullish to come, until it not Breakout and close the previous month Low(1.04880). So, if the EURUSD BOS the 4hr high it will be long bullish until to 1.08000.
EURUSD is in the Supply Zone, the price action is slow and corrective phase. Watch for close above the previous bearish bar for long buy @ 1.07000. As also we can see the macd bullish divergence on 4hr timeframe. Trade safe with risk management. Happy Trading.