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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within a Triangle pattern. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2080 is expected, followed by a decline to 1.1965. An additional signal confirming the decline will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” EURUSD has formed an Inverted Hammer reversal pattern near the support level on H4. Currently, the instrument might go by the reversal pattern in an ascending wave. The pullback target could be the resistance at 1.0535. However, the quotes might drop to 1.0420 and continue the downtrend without testing the […]
TitleGBPUSD H4 | Rising into resistance? TypeBearish Reversal Preference:Price could rise towards the pivot point of 1.21038 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.19463 which is a level that aligns […]
TitleBCOUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price could rise towards the pivot point of 92.208 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 89.691 which is an overlap support […]
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