The GBP/USD pair is approaching the high from last month, which aligns with March's peak, creating a robust resistance level. This scenario suggests a high probability of a significant sell-off, continuing the bearish trend observed in July. This move is anticipated to close the daily and weekly Fair Value Gaps (FVG).
The EUR/GBP is showing promising signs of a bullish move on the 4-hour chart. Currently trading around 0.84500 GBP, the pair is positioned within a strong support and demand zone, suggesting potential upward momentum. Technical Indicators: Order Block (OB) on Daily Chart: Located around 0.85050, indicating significant institutional interest. 0.886 Fibonacci...
The EUR/USD pair has tapped into our Fibonacci high probability reversal zone, aligning with our Fair Value Gap (FVG). Next week, we can anticipate a potential bearish move, targeting the weekly low and filling the daily FVG. FVG (Fair Value Gaps): FVG zones visible on the chart. The first FVG is in the current price zone, acting as resistance. The second FVG is...
XAUUSD will drop - Take on own risk Follow my page to see what i do. Only take the trades on own risk.
I believe there might be a potential short opportunity on GBP/JPY in the upcoming days. We seem to have a possible bear flag formation along with RSI divergence. Currently, the market is trading within a range and is expected to break out in either direction soon. However, I believe the downside is more likely, especially considering the lower CPI numbers for...