Breakout to 2545 with this inverse h&s - london market just opened, tight stop loss
I have entered here for a SELL, higher TF show this as a swing, SL is just above resistance.
I've analysed EUR/GBP for the upcoming week, factoring in the existing trend and the possibility of retracements to previous levels. I'm proceeding with caution due to a significant news week and anticipated volatility. It's essential to remain mindful of potential shifts in market structure during this time. Good luck happy trading.
With the continuation of trend and the momentum from Fridays close I will be looking for either of these 2 scenarios to play out, and if they do, according the the instruction will act accordingly. It is worth considering that this is also a big news week and volatility is expected. Therefor, consider caution in any position and pay attention to news times and...
Providing we can successful retest the 20,10 4HR EMA - I personally will take a LONG on this position to target 98.883
Bullish structure in place for gbp/usd to move within range, target 1.28 for me, stop loss under the recent low @ 1.2666 - lets see how it plays out!
Just sharing my idea. Providing the Prelim GDP q/q comes in <5% I am taking the trade to LONG AUS/USD to the target shown here, tight stop loss giving a 2.5:1 - and maintaining the current bullish trend of higher highs and higher lows on 4HR TF. Also noting the DXY rejecting from what was yesterdays support, now resistance.
With BTC failing to break 38,000 there is a chance now that Solana, together with the clear head and shoulders is heading for $45-40 region. The target for the H&s takes Solana to the 0.618 fib. Keep an eye on the neckline, if it breaks, wait for the retest! Remember anything can happen, and this is just a probable play, it could do the opposite.
After the momentum from the news event I expect we could see BNB/USDT to reach a target of 223.8 - this would simply be at the very least a double bottom. After seeing BTC/USDT reach push through the initial resistance (38,000) only to reject I expect it could retrace in order to find the liquidity to potentially continue its bullish rally. BNB/USDT target from...
Target for Kaspa KASUSD 0.19. Currently below support but progressing through inverse h&S taking it into the range to target 0.19 price tag. Wait for break and confirmation of 0.145