E-TRADE
GOLD BUY 1769 TP 1774 TP 1780 TP 1785 SL 1759
GOLD
TP1 HITTED 50 PIPS PROFIT
TP1 HITTED 50 PIPS PROFIT
GBP/USD Forex Signal: More Bearish
Last Monday’s GBP/USD signals were not triggered, as none of the key support and resistance levels were reached that day.
Today’s GBP/USD Signals
Risk 0.75%.
Trades must be entered between 8am and 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.3860, 1.3881, or 1.3953.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
Long Trade Idea
Long entry immediately upon the next touch of 1.3714.
Put the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.
Last Monday’s GBP/USD signals were not triggered, as none of the key support and resistance levels were reached that day.
Today’s GBP/USD Signals
Risk 0.75%.
Trades must be entered between 8am and 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.3860, 1.3881, or 1.3953.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
Long Trade Idea
Long entry immediately upon the next touch of 1.3714.
Put the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.
Japanese Yen Forecast: USD/JPY Breakout Targets Critical Resistance2021-07-01 18:34:00The USD/JPY breakout has ripped into key resistance at fr...
Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels
Japanese Yen technical trade levels update – Weekly Chart
USD/JPY Breakout approaching critical uptrend resistance into July open / 3Q / NFP
Key Near-term resistance at 111.60/98 – Support 109.68
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The Japanese Yen is down more than 0.7% versus the US Dollar since the start of the week with USD/JPY attempting to mark a fourth consecutive weekly advance. While the broader price outlook remains constructive, the rally is now probing a critical resistance confluence and the bulls may be vulnerable while below this zone heading into the July / 3Q open with US Non-Farm Payrolls on tap tomorrow. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart heading into NFP / the extended holiday break. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Yen technical setup and more.
Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels
Japanese Yen technical trade levels update – Weekly Chart
USD/JPY Breakout approaching critical uptrend resistance into July open / 3Q / NFP
Key Near-term resistance at 111.60/98 – Support 109.68
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The Japanese Yen is down more than 0.7% versus the US Dollar since the start of the week with USD/JPY attempting to mark a fourth consecutive weekly advance. While the broader price outlook remains constructive, the rally is now probing a critical resistance confluence and the bulls may be vulnerable while below this zone heading into the July / 3Q open with US Non-Farm Payrolls on tap tomorrow. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart heading into NFP / the extended holiday break. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Yen technical setup and more.