Forexanalysis
GBP/USD Going in Buy ZoneFX:GBPUSD
Hi Traders
Today we are going to discuss about GBP/USD, As we all know that gbp is falling for almost 5 months. It made a high of 1.42504 in june and since than it has been in downward Trend.
I also made the video of it at that time.
From the looks of chart there is too much consolidations. I am sure all off you must be waiting for an fast pull back after the fall of this.
As WXY Pattern suggest price should move in upword direction without braking the invalidation level of 33500. and should move towards 1.35100 Level.
Remember traders there is also other possiblities and but we choose to trade in best possiblity zone.
Good Luck
Thanks
Wave Forecast
Multiple confirmation for breakout examples...Multiple confirmation for breakout (GBPJPY) :
We want to share a perfect example of breakouts.
There are multiple confirmation of break out on a daily basis for GBPJPY :
• Flag pattern breakout
• Double bottom breakout
• Head and shoulder breakout
• EMA 13 cross over of 50 EMA and recent support of 200 EMA twice
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Please do like and share this idea. Thanks
XAUUSD Strategy today 18-19 OCT| XAU USD Analysis Today |XAUUSD : Too many levels and too many opportunities but TIMING IS THE MOST IMPORTANT FACTOR. Don't trade in the middle, trade at the levels when market will be in our favour.
Option1: If market bounces from the support zone of 1750-40, we can BUY.
Option2: As the market has been testing this level for a long time, the level is weakening. If the support breaks, Sell below 1740.
Option3: 1725-1717 is the strongest support zone in the gold right now. Good possibility of a reversal from the support. If it bounces from this support of 1728-1717, we can BUY.
Option 4: If market goes from the current position, SELL at the resistance zone of 1780-90.
Option 5: Buy above1790
Option 6: If market reaches the level of 1805-1810, good possibility of a reversal.
USDJPY Strategy today 18-19 OCT | USDJPY Forex Strategy 18-19octUSDJPY: We had plenty of opportunities in the past hopefully we will get another good trade again. Though the market is standing at a very strong resistance, still market is not going down. It clearly shows the presence of BUYERS in the market. And considering the trend of the market, we should mainly look for BUY opportunities only. Option 1: If market retraces and bounces from the 113.20, we can BUY. Option 2: If market breaks the FLAG PATTERN and starts trading above 114.40.
GBPAUD TRADING STRATEGYOn the weekly chart we can see that after an uprun of 1400 pips GBPAUD is retracing, taking rest. Though it has slipped below the weekly support of 1.8670, still we saw some price rejection from below. Therefore, If price goes up from here and and start trading above the safe zone of 1.8670, we can BUY with an SL below the support. TARGET: 350-400 pips