⚡️Strifor || GBPUSD-20/02/2024Preferred direction: BUY
Comment: The previously published scenario №1 for the pound is in progress and it is most likely that according to this scenario we will approach the target at the level of 1.27000 . However, medium-term prospects certainly allow us to consider growth above this target, namely at the level of 1.28000 . Near this level there is more serious resistance, which most likely will not be overcome on the first try. More global targets can be considered even higher than the level of 1.28000.
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Eurgbp!
EUR/GBP: Assessing Lagarde's Rate Cut RemarksHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85700 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85700 support and resistance area.
Recent remarks from ECB President Lagarde indicating the likelihood of rate cuts have injected uncertainty into the EUR/GBP pair. The prospect of monetary policy easing in the Eurozone tends to exert downward pressure on the Euro against the British Pound. Investors interpret such signals as indicative of economic weakness or the need for stimulus measures, which can dampen the appeal of the Euro relative to the Pound. Therefore, Lagarde's commentary on potential rate cuts may contribute to further downside pressure on EUR/GBP as traders factor in the possibility of looser monetary policy in the Eurozone compared to the UK.
Trade safe, Joe.
EUR/GBP BEARS ARE STRONG HERE|SHORT
Hello,Friends!
EUR/GBP is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 0.852.
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EURGBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 0.85688
Why we like it:
There is a pullback resistance level
Stop Loss: 0.85916
Why we like it:
There is a pullback resistance that aligns above the 38.2% Fibonacci retracement level
Take Profit: 0.85204
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
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⚡️Strifor || EURUSD-20/02/2024Preferred direction: BUY
Comment: The buyer continues to take the initiative on the euro . At the end of the previous trading week, an excellent base was formed in the market to continue moving long; in addition, the entry point for a short-term trade is currently one of the strongest. We are considering growth towards the level of 1.08500 , and can also be considered towards the level of 1.09000. The main growth for the currency pair is expected in the first half of the week.
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⚡️Strifor || AUDUSD-16/02/2024Preferred direction: BUY
Comment: We continue to hold a confident long position on the Australian currency. Here we patiently wait for the price to approach the level of 0.66000 , near which our target is located. Moreover, looking at the bigger picture, it is safe to assume that buyers will maximize their push to the top. To rise above 0.66000 , some pause in the balance format (as it is supposed) will most likely be necessary.
Regarding the shorter-term target at the level of 0.66000 , there is a high probability that this level will be blocked even today.
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EURGBP Under Pressure! SELL!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8563 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8540
Recommended Stop Loss - 0.8575
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
⚡️Strifor || GOLD-15/02/2024Preferred direction: BUY
Comment: Despite the fact that metals are considered from the point of view of long-positions, growth here will, in any case, be more difficult than for the same major currency pairs. The market is currently oversaturated with buy-players, but there is no result, which indicates a possible limit seller. Here, more than anywhere else, you most likely need to wait for a slight update of the lows before growth. Therefore, for some time, we will most likely trade at the support of 1981.683 . After which one can begin to look closely at growth, surely, do not forget about a potential update of the current lows, which for gold may happen with a high degree of probability.
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EUR/GBP BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Previous week’s green candle means that for us the EUR/GBP pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.852.
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EURGBP Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85400 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85400 support and resistance area.
Trade safe, Joe.
Potential weakness for EURGBPHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Could see price heading down, but do now 0.8500-10 is a key zone on the daily for EURGBP.
Do check out my stream video for the week to have more explanation in place.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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⚡️Strifor || GBPUSD-16/02/2024Preferred direction: BUY
Comment: It’s strange that we don’t yet see such strong bullish sentiment for the pound . However, the prospects is still the same and the nearest growth target is located at the level of 1.26810 . The medium-term prospects also look positive for the buyer so far. After overcoming this level, one can count on growth to 1.28000 , where more serious medium-term resistance is already located. The first attempt to break through this resistance will most likely be unsuccessful, but sooner or later it will be broken. Based on this, we can expect more global growth towards the level of 1.29000 .
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