Been waiting for price to turn bearish. Its here now. so for the time being taking advantage of a pull back and will look for a entry for the sell during NY session and USD news.
Key Points: Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2720 2nd Support – 1.2680 Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the...
The Cable (GBP/USD) has reacted off the pivot and could drop to the 1st support. Pivot: 1.2790 1st Support: 1.2697 1st Resistance: 1.2859 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 ensure...
GBPAUD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9230. We look to Sell at 1.9230 (stop at 1.9280) Our...
hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level...
The GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Poin ts: Sell Entry: Consider entering a short position around the current price of 1.7405, positioned close to the top of Channel. This offers an entry point near...
**Overview:** This analysis focuses on the short-term and mid-term channels, along with key pivot and fractal lines for GBPUSD. **Features of the Chart:** 1. **Fractal and Daily Pivot:** - The chart shows a significant fractal point that coincides with the daily pivot level. This area acts as a crucial point of support/resistance. 2. **Channels:** -...
Price is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.7329 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.7207 Why we like it: There is a pullback support level which...
Hi friend. Lets look at GBP chart window. We have upward channel with clear bulls accumulation zone "1" and also powerful (in volume mean) correction to 1.268 (big purchases there). Support levels 1.2727-1.2731 (x-lines 1H levels). Bulls target - 1.2788. Transit level 1.2747 (there can be correction). Follow me;)
We have a new alert for a short position on a swing point of view on $GBPAUD. I took this short position after a clear rejection of the previous levels and a breakout structure. My first target will be the last low and maybe we will see another low so keep a part of the trade on position. Great Trade !
The GBPJPY pair gave us a solid short-term buy signal last time we looked into it (April 16, see chart below) and easily hit our Target: The prevailing Channel Up has a clear sell signal on its top, which the price is approaching on the current Bullish Leg since the rebound on the 1D MA50 (blue trend-line). The 1D MACD sequence is the same as the first...
GBP/NZD is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry:2.07489 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 2.06778 Why we like it: There is a pullback support level. Take...
Price is rising towards the pivot which act as a pullback resistance and could reverse to the 1st support. Pivot: 1.2756 1st Support: 1.2635 1st Resistance: 1.2822 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...
Hey Trader, Check out this analysis on GBPUSD. The entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
Last week was impulsive and continuing to push bullish. The dollar has not has any significant news to push it in either direction so the rest of the market is moving in response to the dollar. As this week opens we are getting close to summer months. Will allow price to open and find a direction before reacting.
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Could have break up or some pullback before heading higher. In my watchlist Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...