London
Analysis of GBPNZD on H4 (04/08/2020)GBPNZD-H4
If the price manages to break the zone around 1.98158, we will go into an uptrend.
This is the most likely of our analysis because it is confirmed by the underlying trend and the MM at 50 which is below the market.
If the price breaks the zone around 1.96170, the market will go bearish.
Let's wait and see...
BULLISH MOVEMENT FOR GJ!I'm going to go ahead and buy this pair, i'm expecting price to reach around the price of 136.500-137.000, regardless ill set one of my T/Ps at my support line. Will keep you guys updated.
GBPJPY To 133.500?GBPJPY Creating a downwards channel and has now rejected the .786 and started to push down.
Keep in mind the 50EMA is still below price and we have this strong support below price also. Be careful when taking this trade
GBPJPY Rejection CentralI believe GBPJPY is going to start a range, broke out of it's previous trendline and now struggling to break 134.400 psych level
See where it goes from here, remember to react and not predict. Always remove opinion, it's not about being right it's about trading.
BUY GBPUSD (London Session)Price is at a major support level. Looking for it to stay within the price channel and continue to go in a bullish trend.
Movement analyzation is based off the 1H time frame.
Silver - Daily - Potential Short OpportunityClear and Simple!
The price is currently trapped between these two trend lines and has the potential to move lower towards an importan psychological level, 15.00. We will be waiting for a breakout of the ascending trendline to enter this trade.
Always keep in mind it is a game of probabilities!
GJ SellsTook this GJ sell pre London with a nice push down.
This is going to be my only trade today as i have been taking it easy yesterday and end of last week due to end of the month.
Trade safe everyone.
Don't forget the market is always here.
GBP/CAD Potential Buy OpportunityGood Day Traders, I hope all is well.
These are my thoughts for GBP/CAD.
After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure.
Advice:
Stop trying to always being right. I myself have lost countless trades out of pure stubborness. The markets are always right. When you are wrong , cut your losses. Theres no point holding a trade in hope it may reverse in your direction eventually. Get out and look for a better opportunity.
I wish you all a splendid day.
Lets make this shmoney!
#Forexprodigy
US30 buys in LondonUS30 buys for the London session
Overall clean setup this morning on us30
Was looking for a quick scalp and got a little more.
Good morning in the London session as we ended the morning with a win.
GBPJPY waiting for a breakout
A quick mark up of what im looking for, waiting for GJ to breakout of this consolidation.
Would like to see a push to the down side as i see more potential to the down side.
Lets see if we can get a breakout during London this morning.
Safe trading everyone!
GBP/JPY Potential Buy OpportunityAttention Traders!
Allow me to share my thoughts on GBP/JPY.
Price is now at a strong level of support (on the 4hr timeframe). If price doesnt break this level immediantly and find a new low , i expect the markets to start pushing up again. Its been a slow week so far , but grateful for the lessons.
Advice
"Less is more"
#Forexprodigy
GBP/JPY Potential Buy OpportunityGood Day Traders , I Hope All Is Well.
Reasons for taking this trade.
1) Stong Bullish Engulfing Candle on 15min timeframe indicating buy power
2) Break , retest , break pattern. ( Resistance becomes support)
3) Weekly momentum is still bullish
Advice
Whenever price breaks from a key level - it will almost always retest this level before continuing with the trend. ( Break , Retest , Break)
Good Luck
#ForexProdigy
GBPUSD TRADE IDEA FOR THIS LONDON SESSIONThe chart explains it's self, won't type too much since it's near 3am and I don't want to miss the move but this is my bias. This will all depend on the Dollar of course but everything seems to be lining up.
GBPUSD TRADE IDEA GBPUSD had amazing price action this morning. This a sell model showing major resistance at the 4HR order block price. Along with the FVG candle in the same price range. This trade idea was taken but I forgot to post it on trading view sometimes I want to post them here and I like to explain just a little about it. When Im typing the market has already moved. Send me a message if you want to see this more often.
Gold Long Idea 6/12/2020 1:30 AM Fundamentally bullish gold... its paid to be
I follow trends and the trend is up as of now
Price is trading above my 1725 MQP going into pre London open this Thursday morning (night)
SL is 1715, I don't usually use SLs with over 100 pips but the upside potential on this is great it and both 1725 and 1720 could offer strong support (buy pressure) if they get there... 1720 Is an area I might actually add if the price action warrants it. {you may be able to get away with a 50 pip SL if you care about massive R:R ratios}
Targets @ 1740, 1750, and leave a runner as break of 1750 could lead to more upside
GBPUSD TRADE IDEA EURGBP Is showing signs of bearishness so I want to see GBPUSD make a rally to the upside. Might be to early to get in since its not the London session but this is my trade idea for London. Enjoy
(GBP/USD) Potential Sell OpportunityGood Morning Traders. I hope everyone has had a great week so far.
These are my thoughts for GBP/USD.
After a strong push to the upside momentum is finally starting to exhaust. I expect price to correct before continuing on an uptrend.
Reasons for trade:
- Strong wick rejection on 1hr indicating sell pressure.
- Price over brought
Advice:
Trade one pair at a time. Its best to focus you attention on one thing at a time.
Peace Out
Forex Prodigy.
(GBP/JPY) Short Term Sell OpportunityGrand Rising Traders. Thank God Its Monday! Who else is ready to destroy the markets this week?
These are my thoughts for GBP/JPY
- After a strong push to the upside , momentum is finally slowing down indicating sell pressure.
- Higher lower formed , breaking bullish structure.
However i still feel that there is a lot of buy pressure in the market, so be careful.
Advice
Only trade one pair at a time. Its much easier to predict the direction when your attention is focused on one chart.
Good Luck With The Rest Of Your Trading Week
I Wish You All The Best
#forexprodigy
