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Pound

InvestMate|GBP/USD Falling to support zone💷💵💷💵GBP/USD Falling to support zone 💷💵As I predicted in the last post perfectly the start of the declines: 💷💵This time I would like to update my perspective and bring you up to date with the current key spots on the chart. 💷💵The nearest support zone is around the 1.19 level where the fibo level of 0.236 of the current upward wave from the bottom is located. 💷💵Very likely we will see this level in the coming days. 💷💵The stronger support zone is around the 1.16 level, where there is a cluster of as many as three fibo levels. The first is the 0.382 level of the same wave as the first support zone. The second level is 1.272 of the entire upward wave from the 2001 bottom to the 2007 peak. The third level is 0.886 of the entire upward wave from the 1985 bottom to the 1992 peak. 💷💵I don't know if the price will get as far as there, but I don't rule out any option. 💷💵The scenario I am playing out is a continuation of the decline with a target level at the first support zone where I expect some kind of reaction. I will be watching the price behaviour closely at this point. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
33
GBP/JPY rises on the horizon💷💴💷💴GBP/JPY rises on the horizon 💷💴The same as for EUR/JPY 💷💴It looks like the Pound will follow the Euro's path and also start a journey northwards. 💷💴All thanks to the defence of the support zone and a strong reaction towards the north. 💷💴The support zone was determined by the fibo level of 0.618 of the entire downward wave from the 2015 peak to the covid bottom 💷💴There are two resistance zones ahead. 💷💴The first based on the 0.382 level of the entire downward wave from the 2007 peak to the 2011 bottom. The second based on the 0.786 level of the same wave as the support zone. 💷💴The scenario I'm playing out is a continuation of growth, not excluding a reaction at the first resistance zone with a target at new peaks. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
8
AUDUSD BEARISH BREAKOUTPair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile , support and resistance, double top ————— Key Takeaway: Strong USD has brought this pair down today with alot of bearish momentum, we are looking for a break and re-test of support before entering short most probably at the beginning of tomorrows session ————— Level needed: need a close by 0.66980 ————— Trade: Short RISK:REWARD 1:5 SL: 75 TP: 300 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
InvestMate|GBP/USD Don't count on continuation of increases💷💵💷💵GBP/USD Don't count on continuation of increases 💷💵GBP/USD Finally reached an important price level marked by a resistance zone. As we can see, the price has repeatedly found it difficult to continue upwards at these points in the past. 💷💵Will this be the case this time too? 💷💵The support zone to which I expect the price to descend is around the cluster of three fibo levels. The first is 0.382 of the entire current upward impulse. The second is the outer level of 1.272 of the entire downward wave from the 1992 peak to the 2001 bottom. The third is the level of 0.886 of the entire upward wave from the 1985 bottom to the 1992 peak. 💷💵This is the strongest closest support zone, if we were to fall on it I would expect a strong price reaction. 💷💵The scenario I am playing out is the start of a decline with a target landing on the support zone within the next few weeks. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
11
A race! GBPUSD or EURUSD to go higher faster?Similar to the EURUSD, the GBPUSD continued to surge strongly to the upside as the price broke beyond several key resistance levels to test the 1.23 price area. While the GBPUSD could retrace briefly down toward the 1.2150 and 1.22 price area, look for the development of the price action to signal a continuation of the uptrend. If the GBPUSD breaks strongly above the 1.23 resistance level, the price could continue trading higher toward the next key resistance level of 1.2645.
Long
by JinDao_Tai
2
DXY Index Enter Into Consolidation Range for Long or Short TradeDollar index is trading in upward channel pattern since last couple of year as we have mention in earlier publish idea and it did perform according to analysis . Now it has reach the top resistance level of channel pattern as shown in chart . according to our analysis we might see DXY consolidate in triangle pattern which is shown in chart. and it will breakout from this consolidation range by 2nd half next new year. your question will be answered only if you drop question in below comment section. Thank you
TVC:DXY
by Fx_Trader_ViSa
1
GBPNZD: Consolidation & Indecision GBPNZD is consolidating within a narrow horizontal trading range on a daily. After a sharp bearish impulse, the market is coiling for the entire month. To catch the next bearish wave, watch 1.9125 - 1.92 horizontal support. Wait for its bearish breakout (1h candle close below that). Sell aggressively or on a retest, then. Next support will be 1.889 Be patient and wait for a breakout. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
InvestMate|GBP/JPY Continuation of declines💷💴💷💴GBP/JPY Continuation of declines. 💷💴As written in the title I will give you my downtrend perspective on this pair. 💷💴Looking at how the price has been declining over the last two days. We can safely conclude that a new wave of strengthening of the Japanese yen is in progress. 💷💴Ahead of us there is a very strong support set on the basis of up to three fibo levels. The first is the level of 0.236 of the entire upward wave from the bottom of 2020 to the peak of 2022. The second is the level of 0.5 of the entire downward wave from the peak of 2015 to the bottom of 2020. The last level is the level of 0.886 of the entire upward wave from the bottom of 2000 to the peak of 2007. 💷💴It is not often that a support zone is based on as many as 3 such strong levels. 💷💴I have marked 2 resistance zones above. In the description I will focus on the one closest to the price. 💷💴It was determined based on a cluster of two fibo levels. The first is the 0.618 level of the entire downward wave from the 2015 peak to the 2020 low. The second is the 0.382 level of the entire downward wave from the 2007 peak to the 2011 low. 💷💴These are the current nearest zones between which the price is likely to operate. 💷💴Looking at the big picture, the scenario I am playing out is to continue the decline to the support zone and watch how the price will behave there. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
InvestMate|GBP/CAD Declines on the horizon💷💷GBP/CAD Declines on the horizon. 💷This time it's time for GBP/CAD which, in my opinion, gave us a clear signal today on the direction it wants to go in for the next few days. 💷Just look at today's downtrend candle which stands out from the rest in terms of size. And Everything becomes clear. 💷 As you can see, the price has just fallen to the fibo level of 0.786 of the entire upward wave from the 2010 bottom to the 2015 peak. I don't think it represents strong support looking at the dynamics with which we are moving. 💷 The key support will be the zone defined on the chart based on the cluster of two levels. The first level is the fibo level of the entire upward wave from the 1985 bottom to the 1998 peak and the second level is the 1976 bottom. 💷It will be really interesting to see how the price reacts in this support zone. 💷I determined the resistance zone based on the price levels that have provided resistance to the price in the past. 💷The scenario I am playing out is a continuation of the declines to the support zone where I will watch to see how the price will behave. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7
Traders' inclinations are towards the dollar!China's recent risks took traders' tendencies towards the dollar at the beginning of the week. Examining the state of the trend on the four-hour time frame using Elliott Wave Theory, the recent top created on November 24 is not yet an evolution of the uptrend from November 21. To create a major pivot, it is necessary for the price to be pulled below the range of 1.2012 - 1.1979. As long as the price trend is above this zone, we can hope for continued growth up to 1.2245-1.2260. Stabilization above the range of 1.2104 - 1.2087 is a suitable confirmation for the return of bullish tendencies to the market. One can be patient until the price returns to the top of the zone to reduce the risk of buying transactions.
by MonoCoinSignal
4
RLinda ! GBPUSD-> Channel support test. Will there be a rebound?GBPUSD is in an ascending range. The currency pair is clearly observing the upward support line. Formation of a pattern, which is interpreted as "continuation of the trend" The price pulls back from the high of 1.2153 and a "symmetrical triangle" is formed from the support line near the uptrend support area. I think that breakdown of the pattern resistance will allow to form an imulsion towards 1.2293 I assume that the price will continue rising in case we see a breakdown of the triangle resistance. It gives the potential to grow to 1.2293, and the next target is 1.2405. But nobody can rule out a break-down of the pattern support, in which case the price might fall to 1.1933 Regards R.Linda!
Long
by RLinda
18
GJPart 3 Textbook sell pattern, straight forward and easy to spot. The build up of price and the steepness of the gradient, further shows us that the "Mighty will always stumble" 🤣🤣🤣not the best analogy but it's the way it makes sense in my head. I'm still gonna WATCH & WAIT, Due to it being year end a lot will happen and affect the whole years trading. How it effects me, is that I try keep busy with other things and this leads to very poor trading decisions as I will only be aiming to close on profit but overly exposed. So this more than ever is time to start the review of the year and just how important it is to stick to my rules.
by Mhangwane1