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GBPUSD positive movesFor more daily detailed analysis, don't forget to click on the follow button and like this post after reading! Here we have our updated GBPUSD chart. We looked at this pair long over the last few days. After our latest target long was hit today we are seeing positive movement from the GBPUSD out of the bottom of the price channel. We are seeing bullish price action and are looking long still. We will accumulate these positions at buy zones. Price direction is noted by the price direction arrow.
Long
by WillSebastian
Emphatic EURBefore reading, please feel free to go ahead and click the follow button for more daily expert analysis. The EURUSD chart is one that shows what can happen after a huge fall. Lately, Sentiment has driven down the Euro and given the dollar impressive strength. Our Stochastic oscillator is way down and we are a huge way off our Important MA's. As we know, the tables must turn and price must pullback.. We will not have a straight line continuously. Now is an even better time to get long on this fall. We buy low and sell high. This is the way to make money trading and must not be forgotten as a key fundamental rule.
Long
by WillSebastian
Possible trend shift in EURJPY – going long Signal ID: 75657 Time Issued: Tuesday, 06 April 2021 21:00:15 GMT Status: open Entry: 151.424 - 151.86 Limit: N/A Stop Loss: 150.768 The Congestion Opportunities Strategy has just bought GBPJPY at 151.642. The system recommends entering this trade at any price between 151.424 and 151.86. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.076 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.874, so the stop loss has been set at 150.768. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. 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, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
3
GBPUSD H4 - Long Trade SetupGBPUSD H4 - USD strength seen off the back of the weekend headlines and USD upside gap, various reasons supporting this, such as the US vaccination manufacturing, Trumps comments last week regarding stand-down and January 20th transition, stim packages etc... Eyes peeled on DXY going forward this week, looking to suss our whether these moves are short or medium term. 1.35 support on cable has finally been seen after failing to break 1.35500 last week.
Long
by Trade_Simple_FX