GBPJPY is distributed at the top and the bottom liquidity is creating eventually institutions are eventually will grab the liquidity and fall down. don't look the long position price is now at the distribution stage. it is for education purposes only.
for a good trader is not about making money only.... he also preserve capital is also important for a good trader.....
the price was consolidating in the weekly support zone for a period of time and during last week it broke the range by providing a big bullish candles in daily . since it broke the resistance now it becomes support so a retest or pullback to the zone would be amazing to look for the entries to get back in a trade
With my analysis on FX:GBPUSD . After a price got rejected from a inner flip zone on a higher TF, a breakout to the downside on the lower TF. With my analysis i see GBPUSD short upto 1.23000
EURUSD is in bullish trend, but the box is providing the resistance which seems to be temporary whenever the support is taken above the box, we can enter as the bull. Yellow line is another resistance, and we can book partial profits there and at green we can take it as TP.
We can see a strong resistance at 1.08833 it it is broken then we can expect a Bear Move to 1.07863
The EUR/USD needs to move through the $1.0921 pivot to target the First Major Resistance Level (R1) at $1.0951 and the Wednesday high of $1.09696. A return to $1.0950 would signal a bullish session. However, the EUR/USD needs hawkish ECB chatter and...
symmertical triangle pattern is formed by gold on 1hr time frame tarde can be activated if it brakes the range.
go long if it breaks above 1984.5 and target can be made of 1999. short can be played below 1957.77 for the target of 1936
As per the chart pattern we can easily see that EURUSD is forming a Bearish Pattern On 1 Hour Time Frame.
If we take a Short Position now we can easily Achieve a target till 1.06653.
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In the past times, USDINR is trying to hold its level and now we can see more rise above the levels
Characteristics of Triangle pattern
A pattern that has the following characteristics is more effective.
+ Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect.
+ This pattern gives a...
This morning, the EUR/USD was up 0.73% to $1.07169. A bullish start to the day saw the EUR/USD rally from an early low of $1.06638 to a high of $1.07369. The EUR/USD broke through the First Major Resistance Level (R1) at $1.0702.
The EUR/USD needs to avoid a fall through R1 and the $1.0638 pivot to target the Second Major Resistance Level (R2) at $1.0765. A move...
GBPINR is showing rangebound. Range is 96 to 101. Anyone can make long or short position whenever GBPINR breaks the range of 101 or 96 as the case may be.
The EUR/USD needs to avoid the $1.0569 pivot to target the First Major Resistance Level (R1) at $1.0601. A return to $1.06 would signal a bullish session. However, the EUR/USD would need hawkish ECB chatter and US stats to support a breakout session.
In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0623 and...
Hi All,
Looking at chart for the pair, we can anticipate the sell trend is coming to an end. The month support holds good, Bullish candle in 4hr with good volume. We can see the price is now forming an inverse H&S(trend reversal pattern), where we are buying the head.
The plan is to look for only buy in this pair.
Entry , Sl and TP marked.
Thank you
