EURGBP IN H6 TIME FRAME OUTLOOK FOR SWING TRADE According to my view on the EURGBP H6 chart, price is currently at 0.85788 after a massive spike, a sharp correction, and now a long sideways accumulation just above the grey demand zone. If we read...
Pullback and Confluence Trading Strategy 1. Understanding Pullbacks in Price Action A pullback is a temporary movement against the current market trend before price potentially continues in the original direction. In an uptrend, price generally...
Understanding Bearish Sell Traps: When a Breakdown Isn’t Really a Breakdown One of the easiest ways to get caught on the wrong side of the market is to sell a breakdown that looks “too perfect.” Price breaks an obvious support level. A bearish...
GBP/USD H4 Market Analysis: GBP/USD is trading at approximately 1.32828 on the H4 timeframe, and the chart presents a clearly bearish technical structure after a sustained sequence of lower highs and lower lows. The pair previously failed to hold...
XAUUSD TECHNICAL ANALYSIS H1 CHART. On the H1 timeframe, XAUUSD is currently showing a corrective phase after a strong impulsive advance that peaked around the 4400 region. The chart clearly displays a sharp selloff on September 17th where price...
