here we all know about market move in up, down, or sideways. In GBPUSD the situation is like we can expect to move on both sides up or down. but we have to wait for both conditions. the cart analysis is very powerful but we always must use stop loss for our capital protection.
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ButterflyTraders
Some recovery seen post the crude oil inventory. The supports seen over the last two days seems to be fueling some upside. Repeated attempt to breach supports have proved futile. Now the pus to the upside is indicating possibilities of some rise in store.
Its rejecting 0.74770 If it fails to breakout that level look for selling opportunities
Immediate Support Level 0.73641
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If we take a look at the hourly chart, we'll see that the price fell sharply from 580 levels as an impulse move and started consolidating in the 516-530 range, after which it has given a breakout. But be cautious! The Doji candlesticks indicate that there is still uncertainty. So, wait for a proper bullish indicator to enter. We can expect to see the targets of...
Target - 224, 245. CMP - 214.90 BSE:M_MFIN
We can clearly see in the daily chart that it has formed a pole & flag kind of a pattern which has already given a breakout of the 215 levels. If it sustains above this level, we can expect a target of 224 and a further target of 245.
Live Challenging Signal Buy EURGBP @ 0.84325
Signal Specification
Pair: EURGBP
Entry Type: Buy
Entry: 0.84325
Tp: 0.92074
Sl: 0.82462
R/R: 4.72
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The poke above the neckline & an abrupt reversal suggests that the move was a corrective sequence against a downtrend. EURUSD should resume the downtrend against the high made in yesterday's session. Any rise should be taken as selling opportunity for minimum target area of 1.1800 region.
Few days ago, H&S top was spotted in this pair, Now a small inverse H&S is also spotted on the same pair. Also the neckline break wasn't sustained means a failure of the H&S pattern. Above the red line EURUSD should move up aggressively.
Gold against Dollar has made a fair recovery from the price level of 1804 after a Second week downfall on January 2021, still the short term resistance at 1870 may push the price down to 1815 or 1805 area this week , and it has a good chance of bounce back from the support zone 1810 to reach where it started on the first day of the week. ....
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