The currency pair has sustained a robust bullish trend over an extended duration. Currently, it resides in a region abundant with liquidity, presenting opportunities for gains in both directions. Additionally, a bullish signal is evident in the major 4-hour structure, supporting the consideration of a buy swing. I plan to execute trades with additional...
A promising setup for GBP/JPY this week would be to closely monitor the potential supply levels around and keep an eye on any bearish confirmation forming in that region. Additionally, watching for any negative news releases or economic data related to both the British pound and Japanese yen could provide valuable insights into potential price movements. ...
The gold price more than started correcting itself almost 6 months ago, was ranging corr3ecting between 2074 - 1686, as the long-term picture were looking so bullish, I was waiting for the price to correct itself, and now the entry matches my criteria, so here we go!
As we see the daily Tf, price was ranging (Forming HL and LH), But recently the structure broken to the upside, while sellers tried to close the price below the 0.72000 psychological level and break the blow, but there wasn't enough sellers to do that, Expecting a bull move this week for kiwi,
We can see that this pair is ranging 90% of the time, price is in support of Trendline + Horizontal line + Fib 50% showing rejection in 1H and 30Min timeframe.
If we zoom out and watch the 4H chart, we see that price was inside a major channel but it's broken now, however price came inside the channel again but price isn't still in control of bears neither bulls. So I wait for the price to break upside or downside of Triangle and will enter Long/short in direction of break. Good luck!
If we look closely into GJ chart we can see that this pair did a clear correction and impulse When did impulse: When the price Clearly reached and touched the the support of Ascending Channel When did correction: When the price reached clearly and touched the Resistance of Ascending Channel ; If we take a look at previous correction and impulses of this pair, we...
Price reached Major support trendline and s minor horizontal support , showed some candle rejection in 1H and 30Min charts I will surely Go long now and Tp is up tp Resistance of Ascending Channel . Good luck
As we see price reached a structure zone and dynamic support,H4 and H1 candles showing rejection from downside waiting for a bullish move, Target is according to previous high, 2019, Lets see how the price will react! Good luck traders!
Price in the resistance of descending channel , also retested the previous support as resistance, showing rejection and also bearish momentum started, SL is above the resistance and previous highs, Tp is according to previous support and resistance and support of triangle. Good Luck!
Price in the resistance of descending channel, also retested the previous support as resistance, showing rejection and also bearish momentum started, SL is above the resistance and previous highs, Tp is according to previous support and resistance.