EU
GBPJPY - BUY OPPORTUNITYLooking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of reversal as final call for long.
Trade Safe
GBPUSD: Catching Pullback After Bull Impulse
hey traders,
yesterday we saw a very significant movement on GBPUSD
and the pair is very very close to a key supply zone.
I think that many traders will take profits inside this area and structure trades will open shorts.
For this reason, on my trading radar is 1.249 - 1.258 area of resistance.
I will be waiting for a reversal signal inside this area to short the pair.
Target levels will be 1.24 and 1.23
GBPUSD - SELL OPPORTUNITYLooking to SELL GBPUSD in SELL AREA and to close position in TP AREAS. (30+ PIPS, Potential 120PIPS SWING)
- Do not enter on strong bullish breakthrough of sell area
- Look to enter on reversal pattern
- If price breaks through 122 area with strong bearish momentum, execute sell
TRADE AT YOUR OWN RISK!
EURUSD: Week 41 OutlookThe EUR/USD outlook remains fairly untouched, as we are still within the Falling Wedge Pattern (a bullish system.) The Euro closed up +0.35% against the US Dollar Friday, creating a bullish Low Test Candle, another indication of upward movement.
With BREXIT and U.S.-Chinese negotiations going on we will see what catalyst will drive the price of the Euro higher. With a slight revision, we see 1.075 as the first headwind that the price may face before moving higher. If we look at the visible volume range in chart we can potentially see where the orders sit to react to price. We believe that the BREXIT situation will have the largest effect on the Euro and a frustrated China will affect the US Dollar in the coming days and weeks.
THE PLAY : We stand neutral on the EUR/USD until we 1.10 and close, proving that we are moving higher.