Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2403). 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 65.
Take Profits:
TP1= @ 1.2540
TP2= @ 1.2643
TP3= @ 1.2813
TP4= @ 1.3199
TP5= @ 1.3510
SL= Break below S2
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Pound
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9055). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.9025
TP2= @ 0.8985
TP3= @ 0.8930
TP4= @ 0.6905
TP5= @ 0.8815
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 (133.1). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 134.00
TP2= @ 134.55
TP3= @ 135.30
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 (132.65). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 133.65
TP2= @ 134.80
TP3= @ 135.95
TP4= @ 137.40
TP5= @ 139.75
SL= Break below S2
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Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9315). 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 65.
Take Profits:
TP1= @ 1.9510
TP2= @ 1.9645
TP3= @ 1.9795
TP4= @ 1.9995
TP5= @ 2.0155
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 (1.246). 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 60.
Take Profits:
TP1= @ 1.2535
TP2= @ 1.2580
TP3= @ 1.2635
SL= Break below S2
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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 (133.6). 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 36.
Take Profits:
TP1= @ 132.35
TP2= @ 131.70
TP3= @ 130.65
SL: Break Above R2
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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 (1.266). 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 41.
Take Profits:
TP1= @ 131.00
TP2= @ 1.2780
TP3= @ 1.2735
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 (1.25). 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 60.
Take Profits:
TP1= @ 1.2575
TP2= @ 1.2640
TP3= @ 1.2735
SL= Break below S2
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Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9016). 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 59.
Take Profits:
TP1= @ 0.8863
TP2= @ 0.8682
TP3= @ 0.8591
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 (131.96). 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 41.
Take Profits:
TP1= @ 133.19
TP2= @ 135.44
TP3= @ 137.14
SL= Break below S2
Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2246). 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 73.
Take Profits:
TP1= @ 1.2412
TP2= @ 1.2476
TP3= @ 1.2642
SL= Break below S2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417
SL: Break Above R2
Don't miss the great buy opportunity in EURGBPTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8877). 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 63.
Take Profits:
TP1= @ 0.9015
TP2= @ 0.9165
TP3= @ 0.9317
SL= Break below S2
Don't miss the great sell opportunity in GBPUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2181). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 1.2024
TP2= @ 1.1888
TP3= @ 1.1409
SL: Break Above R2
Don't miss this Sell trading opportunity of GBPCHF!Midterm forecast:
While the price is below the resistance 1.2200, resumption of downtrend is expected.
We make sure when the support at 1.1670 breaks.
If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to Major Support (1.1670) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.22 to 1.214). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.22)
Ending of entry zone (1.214)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Trade Setup:
We opened 6 SELL trade(s) @ 1.1996 (day close price) based on 'Peak' at 2020.05.11.
Total Profit: 1022 pip
Closed trade(s): 162 pip Profit
Open trade(s): 860 pip Profit
Closed Profit:
TP1 @ 1.1960 touched at 2020.05.12 with 36 pip Profit.
TP2 @ 1.1870 touched at 2020.05.13 with 126 pip Profit.
36 + 126 = 162 pip
Open Profit:
Profit for one trade is 1.1996(open price) - 1.1781(current price) = 215 pip
4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 pip
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1.1670
TP4= @ 1.1470
TP5= @ 1.1100
TP6= Free
Don't miss the great buy opportunity in GBPJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (130.65). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 131.9
TP2= @ 132.5
TP3= @ 133.0
SL= Break below S2
Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (131.7). 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 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= @ 130.85
TP2= @ 130.50
TP3= @ 130.00
SL: Break Above R2
Don't miss the great sell opportunity in GBPJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (132.05). 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= @ 131.30
TP2= @ 130.55
TP3= @ 129.85
SL: Break Above R2
Don't miss the great sell opportunity in GBPUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.252). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 47.
Take Profits:
TP1= @ 1.2405
TP2= @ 1.2360
TP3= @ 1.2255
SL: Break Above R2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.209). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 1.1870
TP2= @ 1.1675
TP3= @ 1.1250
SL: Break Above R2
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (65.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY 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 40.
Take Profits:
TP1= @ 64.28
TP2= @ 63.73
TP3= @ 63.10
SL: Break Above R2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2128). 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 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= @ 1.2017
TP2= @ 1.1893
TP3= @ 1.1715
SL: Break Above R2