Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.27700 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27700 support and resistance area. Trade safe, Joe.
Here is a short trade idea on GU. On last Friday we had a volatile displacement to the downside, so I would like to take a short, targeting the SSL below, into a weekly FVG. Pretty straight forward trade. Price could go lower than that if the trade was correct in the first place, so I would likely leave a runner between 20-30% of the position at that point and...
Selling opportunity on GBPUSD - analysis of the GBPUSD Open: 1.2769 SL: 1.2840 TP: 1.2526
GBP/USD faced a big loss after NFP data. Right now the price left a big FVG, and we believe its going to be filled the next week. DXY moved sharply and sentiment around it is bullish as well. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for...
The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
This is a move on GU that I have been waiting for. I need further confirmation that it want to move forward with what I am seeing so I waiting for London session to see how price reacts to the added volatility. I'm thinking that now that we have established a high for the month, price can really start to move. Key is to remain patience and just wait for price to...
GBO/USD is rising towards a resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.2812 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 1.2862 Why we like it: There is a pullback resistance...
manage to grab a scalp during London session but the bigger move came in NY session. Price is still indecisive and not showing what direction it wants to go just yet. Just have to sit on hands for now. Waiting for london session to see if things change.
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
Price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 199.30 1st Support: 197.45 1st Resistance: 200.69 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 1.2710, positioned close to the breakout...
GBP/USD is falling towards a support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.2754 Why we like it: There is an overlap support level. Stop loss: 1.2706 Why we like it: There is a pullback support level which lines up with the 161.8% Fibonacci extension. Take profit: 1.2812 Why we like it: There is a...
The GBPAUD pair eventually hit our 1.9000 Target after our latest sell signal on April 04 (see chart below): The price is now consolidating around the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) cluster, imitating the late October 2023 consolidation. As long as it stays below the Lower Highs Zone, is will initiate in our opinion the periodic...
GBP/AUD is rising towards a resistance level which is an overlap resistance level which lines up with the 161.8% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.92017 Why we like it: There is an overlap resistance level which aligns with the 161.8% Fibonacci extension. Stop loss: 1.92340 Why we like it: There is a pullback...
GBP/CHF has reacted off the pivot and could potentially rise to the 1st resistance. Pivot: 1.14442 1st Support: 1.14112 1st Resistance: 1.15118 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
New week...new Month...new opportunities. sitting on hands to wait for price to confirm what direction it wants to go. With todays price action it looks like it wants to now push higher to start the month off. Expecting better sell opportunities later in the month. Lets see how today plays out. London session should be interesting.
GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26400 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area. Fundamentally the risks of Inflation are fading in the US. Trade safe, Joe.