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Bearish drop?The Cable (GBP/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 1.3292 1st Support: 1.3223 1st Resistance: 1.3318 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Sell Trade Setup On GBPAUDHey Traders, Obviously GBPAUD is madly bullish on 1D, 4H and 1H! No single doubt about that. However, on 30Min TF, it just broke structure, and that is very important cos 30Min is the fractal TF 4H and 1D traders uses in executing their trades, but that is not the show! On 1W TF, the price is trending in a Symmetrical Triangle, and that spiky s**t we saw last week made the retest of the upper band trendline active, now the rule of Symmetrical Triangle is that, it can either go up or down, but we are talking about Weekly TF here so a lot of things can happen fractalizing the TF, you can sell, and Buy. Breaking the market down to 30min, it just showed a very spiky Head and Shoulder pattern and the retest of the neckline just got triggered, i am looking to sell it down to retesting the Trendline, then wait if there is going to be a BOT of not.
Short
by Adefxc
3
EURGBP can move lower? 🦐EURGBP on the 4h chart is trading over a support zone. The market after many test over it might be breaking below in the last trading day of the week. According to Plancton's strategy IF the price will break below i will consider a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
16
EURGBP testing a weekly resistance 🦐EURGBP after the recent test of the lows started the trading week with a move to the upside. The market is testing the resistance and according to Plancton's strategy if the market will provide us a sign of inversion we ca set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
GBPCHF daily Analysis by ThinkingAntsOkMain items we can see on the chart: a) The price was on a descending trendline and reversed after facing a major support zone and the lower trendline of a descending channel b) We observed a corrective structure (yellow lines) on the edge of the descending trendline before the breakout c) From the current level, we expect a bullish resolution of the situation d) The Horizontal purple lines are important resistance levels in which you can expect corrections to happen
by ThinkingAntsOk
EURBGP makes history, easy shortEURBGP makes history, easy short I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would have called a ‘blow-off’ move. Almost the entire move has been on lower daily volume (exception being the 21st). The RSI and Composite Index are also at historical highs and showing similar structure in their peaks. This pair is bound for nasty mean reversion trade with at least a 50% retracement.
Short
by itsjustanalysis
11
USDCAD TWO SET UPSUSDCAD TWO POSSIBLE SET UPS SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone) SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line , which will warrant sell positions to downside target zone BIG TIP: Sometimes being conservative and waiting for a break + retest of a broken trend line or counter trend line can be very useful to increase the probability of your trade and to confirm market direction For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
by ezinvesting