Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.906). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.9143
TP2= @ 0.9178
TP3= @ 0.9220
TP4= @ 0.9290
TP5= @ 0.9385
SL= Break below S3
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D-GBP
GBP/JPY: Approaching confluence level, what to do ? Hi guys,
I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone).
Price is also currently above its pivot + VWAP.
I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 60+ pip trade.
If it breaks I will look for some longs from there but as another trade, probably tomorrow since it's already late.
Trade at your own risk
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9407). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.9480
TP2= @ 1.9582
TP3= @ 1.9660
TP4= @ 1.9747
TP5= @ 1.9828
SL= Break below S2
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Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 136.00
TP2= @ 136.40
TP3= @ 136.80
SL= Break below S2
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Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9145). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 27.
Take Profits:
TP1= @ 0.9115
TP2= @ 0.9085
TP3= @ 0.9065
TP4= @ 0.9035
TP5= @ 0.8970
SL: Break Above R2
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Two Sell opportunities on this chart for EURGBPMid-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.918). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.9060
TP2= @ 0.8970
TP3= @ 0.8860
TP4= @ 0.8685
TP5= @ 0.8475
SL: Break Above R2
---------------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9175). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURGBP is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.9105
TP2= @ 0.9060
TP3= @ 0.9015
TP4= @ 0.8965
TP5= @ 0.8865
SL: Break Above R2
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Don't miss the great sell opportunity in GBPUSDShort-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3033).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 1.2802
TP2= @ 1.2733
TP3= @ 1.2609
TP4= @ 1.2525
TP5= @ 1.2259
SL: Break Above R2
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Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (139.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 23.
Take Profits:
TP1= @ 137.85
TP2= @ 136.60
TP3= @ 135.10
TP4= @ 133.95
TP5= @ 131.95
SL: Break Above R2
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Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (140.4). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 141.00
TP2= @ 141.25
TP3= @ 141.70
SL= Break below S2
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Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 1.1953
TP2= @ 1.1985
TP3= @ 1.2010
TP4= @ 1.2055
TP5= @ 1.2130
SL= Break below S3
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Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (139.15). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 140.00
TP2= @ 140.74
TP3= @ 141.68
TP4= @ 142.95
TP5= @ 144.95
SL= Break below S2
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Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.32). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 1.3255
TP2= @ 1.3290
TP3= @ 1.3320
SL= Break below S2
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Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 1.7428
TP2= @ 1.7534
TP3= @ 1.7673
TP4= @ 1.7793
TP5= @ 1.8033
SL= Break below 1.7235
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Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (138.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 138.85
TP2= @ 139.20
TP3= @ 139.70
SL= Break below S2
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GBPCAD Update: Profit=14920 SL=3000 Reward/Risk > 4.9 :1 Trade Setup summary:
Profit targets=14920 pip (750 + 1230 + 2690 + 3850 + 6400)
Stop Loss =3000 pip
Reward/Risk > 4.9: 1
Current Status:
Total Profit: 3588 pip
Closed trade(s): 1980 pip Profit
Open trade(s): 1608 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.74050 based on 'previous Forecast' at 2020.08.05 :
Closed Profit:
TP1 @ 1.7480 touched at 2020.08.06 with 750 pip Profit.
TP2 @ 1.7528 touched at 2020.08.06 with 1230 pip Profit.
750 + 1230 = 1980
Open Profit:
Profit for one trade is 1.74586(current price) - 1.74050(open price) = 536 pip
3 trade(s) still open, therefore total profit for open trade(s) is 536 x 3 = 1608 pip
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (1.7405) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 1.7480
TP2= @ 1.7528
TP3= @ 1.7674
TP4= @ 1.7790
TP5= @ 1.8045
SL= Break below S2
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Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7405). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 1.7480
TP2= @ 1.7528
TP3= @ 1.7674
TP4= @ 1.7790
TP5= @ 1.8045
SL= Break below S2
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Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (138.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 139.15
TP2= @ 139.72
TP3= @ 140.90
TP4= @ 142.05
TP5= @ 143.35
SL= Break below S2
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Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (136.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 137.30
TP2= @ 137.75
TP3= @ 138.50
SL= Break below S2
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ForecastCity English Support Team ❤️