Following the bearish trend, I entered at the discounted price level, targeting the recent lows with a stop at the previous high.
Price is currently at a major Fibonacci level on the 4-hour chart, and we can anticipate a bounce from this point.
FX:EURGBP recently broke its high and retraced back to 0.7 fib level on the 4H timeframe and now it is clear we are in a bullish trend. So following the trend we are taking a long setup on a shorter timeframe.
OANDA:XAUUSD is in a bearish trend and has reached a major fib level on the 4H timeframe. Therefore, after the structure break on 5MIN, we entered a short trade with a 2:1 risk-reward ratio.
Overall, the 1-day trend is bearish, and we are currently at the 0.75 Fib level. Consider opening a short trade with a stop loss at the recent high and targeting recent lows.
FX:GBPUSD is currently at its 0.78 Fib level on a daily timeframe and forming a bearish divergence at the 1-hour mark. After observing a Break of Structure (BOS), we will enter a short position at the 0.5 fib retracement with a stop loss at a recent high, targeting a 1:2 risk-reward ratio.
It is crucial to note that FX:EURGBP is currently at a robust support level and forming a bullish divergence on the 4-hour time frame. A pullback is expected from this point, as liquidity has recently surged from the lows. Therefore, it is advisable to enter a long trade with a stop loss at the recent low and take profit at the recent high, targeting a 1:2...
After making a clear divergence on 4H it is retracing we can expect it to retrace 0.5 Fib level where we also have a good support level. We can look for long setups from there with confirmation on smaller timeframes.
As we can observe clear bullish div on GU so we can take a long position from here with SL below the previous low and target will be recent highs.
Based on my analysis, I believe it's time to initiate a short call for the GBP/USD currency pair. The 1-hour time frame indicates a divergence that can be taken advantage of. This is a great opportunity to make a profit.
As we can see there is a clear bearish divergence and current price action is respecting it. We are expecting it to tap the most recent fvg which is at o.71 at fib levels so we will open a long position with a stop loss and recent low and will target the recent high as our take profit.
Opening a long trade for EURCHF after observing a bullish divergence on 4H and 1H.
Based on the 4-hour chart, the current trend appears to be bullish, with higher lows (HL) and higher highs (HH) forming. However, a bearish divergence has recently formed, and now a new higher low (HL) is forming, we plan to open a long position during the retracement to 0.75 and aim to reach the most recent swing high.
There is a bullish divergence on the shorter timeframe so we can see a short pullback to the upward side so we will be placing a long order from here.
As we can observe bearish divergence formed that is a sign of reversal so we will be opening a short trade from here.
There is a bearish divergence on 1H this is a sign of a potential reversal so we will short from here with our SL at a recent high and will target 2R.
It appears that there is a bearish divergence present. This suggests that we can enter a short position, with a stop loss above the high, and aim for the recent low.
Recently, the price was unable to surpass the recent high and instead formed a bearish divergence, retracing downwards in line with the Dow Theory. As a result, we plan to look for a short trade once the price reaches our desired range and aim to target the recent low while keeping our stop loss at the recent high.