Should price action for the GBPUSD remain inside the 1.6770 to 1.6830 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.6800 Take Profit Zone: 1.6350 – 1.6400 Stop Loss Level: 1.6920 Should price action for the GBPUSD breakdown below 1.6770 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.6350...
Should price action for the EURUSD remain inside the 1.3790 to 1.3870 zone the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ 1.3850 Take Profit Zone: 1.3250 – 1.3290 Stop Loss Level: 1.3960 Should price action for the EURUSD breakdown below 1.3790 the following trade set-up is recommended: Timeframe: W1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.3250...
The GBPCHF has been stuck in a trading range over the past few days as visible in this H4 chart. This currency pair has formed a falling wedge formation and currently trades around ascending support levels as it tries to form a bottom. We believe this pair will move higher and back into its descending resistance level which is enforced by its declining 50 DMA. A breakout of the formation will open the way to new highs. MACD has formed a positive divergence which bodes positively for a future breakout for this currency pair. RSI has...
The GBPCAD currency pair has rallied after hitting multi-week lows as visible in this H4 chart. Currently this currency pair trades with plenty of bullish as well as bearish pressures acting on it as the most recent candlestick formed right around resistance from its descending 200 DMA. We believe this pair will reverse in the short-term before it will attempt to form a double top. MACD has shown improvement over the past few sessions and we witnessed a bullish centerline crossover which points to potential future strength it this...
Should price action for the GBPUSD remain inside the 1.6710 – 1.6770 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1.6710 Take Profit Zone: 1.6510 – 1.6550 Stop Loss Level: 1.6810 Should price action for the GBPUSD breakdown below 1.6710 the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1.6510...
