Gbp is approaching oversold area. Whatching closely for every sign of market shift from strongly bullish to bearish. Reason for that is the creation of an w formation while retracing and during the bullish move. It is expected an bullish move Around 1.2 and than retrace toward 1.176-1.18. If the market will go as my prediction I'll enter trade with half position.
The retrace seems completed. Enter long. Target 1.185
Euro declined yesterday to 1.063 level, closing below daily trend line. Bearish divergence in the 4h as well 50% position short. Target around 1.0605
I think the price will continue to rise to 1.4 and than retrace. Nice demand on the area. Rsi overextended as well . I'll short half my position at 1.369 . Not FA.
My idea is visibly explained in the chart. This is a potential set up but no confirmation are currently in place. But perhaps just perhaps is time to watch this closely...
Buy at 0.78 sell at 1.01. My trade for the week. Nfa
Bullish divergence on the daily. Time to start trading agresively...
Price seems to be stuck on the monthly time frame in a bearish treangle. Waiting for confirmation 😎 Follow your instict
Is Euro going to kick back ? Or is going to bleed even more? Waiting ....
Confirmation after closure above this range's high. Good trading everyone
I do expect rejection of the 1.132 support and bullish price action to the 1.15 area. Rsi is near eversold area. Plus DXY reaching a strong resistance. Hold your euros , be patient 😉
Well who ever thought? Gbp showing weekness against the Eur🧐. In my opinion is retesting 2 resistance intersection lines , horizontal and trend line. The price is going short to 1.153. Whatching closely
As i mentioned in my previous post for this pair Eur rejected the daily support candle and retraced from previous fall , and now is resuming the fall trend. Hope you're not holding Eur now...
I think we are in a very strong support are due to liquidity hanging there. We are going to reject that, up to 1.18 resistance area and down to the next target. Fasten your seetbelts my friends.