by Rishikesh Lilawat | Jul 13, 2020 | Forex Trade Ideas, GBPUSD
Currently, GBP/USD is trading at 1.2614. The pair may start a new down trend if it breaks the support level and neck line at 1.2582. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the...
by Vivek_Samale | Jul 13, 2020 | EURGBP, Forex Trade Ideas
EURGBP is trading in falling wedge , as it is at the breakout point from falling wedge pattern, we might see, an upside movement in EURGBP from the current level. One can initiate the long side trade in EURGBP with proper risk management and stop loss. As for Upside,...
by Rishikesh Lilawat | Jul 9, 2020 | Forex Trade Ideas, NZDJPY
Currently, NZD/JPY is trading at 70.43. The pair may start a new down trend if it breaks the neck line at 70.21. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the pair starts a new...
by Rishikesh Lilawat | Jul 9, 2020 | Forex Trade Ideas, GBPJPY
Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the pair starts a...
by Vivek_Samale | Jul 8, 2020 | Forex Trade Ideas, GBPCAD
GBPCAD is trading in channel pattern, also we might see a continuation of price in channel pattern. One can initiate short side trade with proper risk management and stop loss, as the price is trading at the resistance level . One can refer to the chart pattern for...
by Vivek_Samale | Jul 8, 2020 | Forex Trade Ideas, GBPCHF
GBPCHF is trading in range bound movement. We can see some downside movement in GBPCHF from resistance 1, towards the support level . Long side trade can be initiated at the support level with target, as resistance 2. One can initiate the long side trade with proper...