Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8744). 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 below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.7455). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8769). 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 below the 21-Day WEMA which acts as a dynamic...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=133.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=132. TP4: S2=131.25. Set the stoploss of these orders at breakout of R2=133.5. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
GBPUSD, We have confirmations that show us its going short: 1. hit Fib 50-61% 2. 21/8 crossover 3. RSI divergence 4. hit VA 5. double top confirmation that we waiting for : 1. double top break/retest
Haven't published publicly for a while! Quick short idea on GBPCHF. Initially looking from a weekly perspective, I have made a top down analysis, focusing on the H1 timeframe for a potential entry this coming week. As illustrated the August '19 low is proving to be a key zone of support, turned resistance and again support at around 1.16750. The 2020 wick low...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0204). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9035). 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2015. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.223. TP4: R2=1.2275. Set the stoploss of these orders at breakout of S2=1.197. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
A Good Position to short due to the pullback towards the 0.3 Fibbs level and the candles being below the 90 EMA .
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.9. TP4: R2=129.7. Set the stoploss of these orders at breakout of S2=126.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Price rejected at key level along with long tem trend.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
hello traders. After we hit our tp on gbpusd (see the comment below for link) here is our fresh analysis on this. The pair did break the support line, did a retest and is heading towards its support. TP=1.6400 SL=1.29000
Hello traders. After we hit our tp on gbpusd (see the comment below for link) here is our fresh analysis on this. The pair did break the support line, did a retest and is heading towards its support. TP=1.6400 SL=1.29000