For GBP/USD, if an inverted head and shoulders pattern is forming, traders would be watching for the breakout above the neckline on the price chart. Once this breakout occurs, it could signify a shift in momentum towards bullishness for the GBP/USD pair.
EURUSD bulls take a breather at a six-week high as a rising wedge challenges the quote’s further upside. Apart from the stated bearish chart formation’s top line, the overbought RSI (14) line and sluggish MACD signals also challenge the Euro pair’s further advances. As a result, a pullback toward the 38.2% Fibonacci retracement of the pair’s December 2023 to...
Potential Selling opportunity on CADJPY Bearish price action overall with our candlestick analysis pay attention to price action on the lower TF where you can find your entry points. A clean break & retest above 111.63 can open room for further upside PAY ATTENTION TO PRICE ACTION!!
Eurusd last week has huge consolidation, next week expected breake 1.08975 level and back to reveral move.
Hello comrades, today the EURUSD trading session kicked off with little changes. The currency pair is still gradually increasing and trading below the 1.0850 level in the Asian trading session on Monday. The US dollar is regaining its footing as it trades in the opposite direction in the Asian market, creating a sense of caution. Investors are still concerned...
RKarina sends greetings at the beginning of the week to everyone, wishing you all a smooth and exciting trading week. Currently, GBPUSD is maintaining a fairly stable price around 1.266, recording a 0.08% recovery during the day. The GBP/USD pair has formed a good recovery on Friday from the level of 1.2600, which has been a low point for a week and a half, and...
Hello dear friends! Today, the USDJPY pair continues to trade deeply around the 150.32 level and maintains a sideways trend. It is expected that there will be no significant breakthrough in price today as no information will be released during the day. Resistance levels: 150.64, 150.800 Support levels: 149.95, 149.700
The Dollar has been weaker for this time and thus all the dollar pairs seems to be bearish. This setup looks good for selling opportunity and aiming for 1.3370. Note- This is my own analysis and thus not to be considered as trading signal, before making any decisions kindly do your own research, as trading is highly risky.
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
GBPUSD Technical Analysis According Short Because, GBPUSD Moved in Ascending Channel or GBPUSD Make Duble Top. Now I think GBPUSD is the Sell. for Long Time or Short Time Trade.
Looking for a potential trading opportunity in the GBP/USD currency pair? Keep an eye on the intraday charts for a breakdown of the inverted head and shoulders pattern. This classic reversal pattern typically indicates a shift in market sentiment from bearish to bullish. Here's how to identify the setup: Inverted Head and Shoulders Formation: Watch for a series...
GBPUSD rose to the highest level in a month the previous day but failed to offer a daily closing beyond a downward-sloping resistance line from July 2023. In addition to the inability to cross the key trend line resistance, softer prints of the UK PMIs and sluggish MACD signals also challenged the Cable pair buyers. However, the quote’s capacity to remain firmer...
TIME FRAME : 1 HOUR: the price has been making higher highs and higher lows which means the market is bullish and the price is going higher and higher collecting the buyside liquidity TIME FRAME: 15 min: the price makes a change of character from bearish to bullish as the price makes a higher high after a liquidity sweep in the lower side. and continues making...
Euro Usd Swing Trade 4hr OB the reason for take trade and wait for Big target. My Target is 1.08895 Let see Note- Only for education Purpose
Explore effective strategies for short-term trading on the EUR/USD currency pair as it approaches the upper boundary of its current trading range. Learn how to identify key resistance levels and implement tactical approaches to capitalize on potential market reversals or consolidation within the range. Gain insights into risk management techniques and entry/exit...
USDJPY reverses the first weekly loss in five while printing mild gains around 150.50 early Tuesday. In doing so, the Yen pair seesaws near a three-week-old horizontal resistance surrounding 150.90-151.00. It’s worth noting that the lackluster RSI and sluggish MACD signals suggest further grinding of the quote below the stated key resistance. The bearish momentum,...
Currently, the EUR/USD pair is in an upward trend. However, the current price range is still sideways. We need confirmation of breaking the resistance at 1.08653. The main buying area will be as shown in the image
4th long trade off of the same weekly area we've been watching. EURUSD remains strongly bullish, the exact confluences are written on the chart.