WEEKLY TIME FRAME : Price is approaching strong support/demand zone. H4 time frame : We see that double bottom got breakout and price is re-testing neckline. Let's monitor price action and look for BUY JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE...
British Pound falls to 3-month low against US Dollar UK house prices fall sharply BoE’s Bailey is non-committal about the September rate decision According to these indicators, the price is expected to decline in the medium term
On this video, we saw that the eurjpy market is still indecisive and not giving a clear direction for a trade yet but the gbpusd market is setting up for a long potential to the upside from yesterdays candle closure above 1.2500 and a break of 4hr structure confirmation to the upside
Price is on a downtrend for a couple of weeks now and it is currently moving up i.e. pulling back to retests supply zones, OB, or broken structures. I am anticipating Price to getting to 1.2585-12592 where I have a supply zone drawn, which is also the 50% Fib retracement level and show a rejection/signs of weakness, which would make me sell for 200+pips. Price...
GBPUSD 1H - Sell Multiple Strong wick rejections at the 61.8% Fibonacci Level. i personally believe we may get the push to the downside in the morning with the GBP News Release coming out negative enhancing or probabilities a solid trade. I will need a clear break of the level highlighted before entering a position short. targets the previous bottoms &...
Hello,Traders! GBP-USD is trading in a Downtrend and the pair Was making a local correction But is about to retest the horizontal Resistance of 1.2568 from where I believe we will see a Bearish continuation Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP-USD was making a Bearish correction after The breakout of the falling Resistance which is a Support now and we are Already seeing a bullish Rebound from the level so I think that we will see A further move up !
Based on the 1H timeframe. A change of trend from bearish to bulish. This bearish move has been the pullback the bulls have been waiting for. Let see how far it wil bring us.
My original short entry on GU got stopped out this morning. I never really enter off of just bearish and bullish candles off a level UNLESS its the retest of a flip or a retest of continuation. For now I'm still short on GU until that break and retest above does happen! Now, if price breaks above 1.25320 I wouldn't go long, Price could break above to than break...
As you can see price was trading above the zone for awhile while which makes it strong to buy or sell off of. Price was trading above creating higher highs and lows before forming a chart pattern known as the head and shoulders then a shift in structure occured to creating lower highs and lower lows thus breaking below the zone which makes the sells more valid
Price was trading above the marked zone for awhile making it a strong zone to sell or buy off . As you can see there was a head ad shoulders pattern followed by a shift in structure from higher highs to creating lower highs and lower lows
YOU guys can take a chance again. use proper risk management, as it is a short time trade, Trail your stops.
As Pound Dollar, has retesting its higher TF Lows, and in lower TF it has changes its direction, this is what I think the market will do. waiting for the price to reach the demand zone.
GU is already in a bearish. The formation of double bottom and divergence makes my bias long. Price is expected to take a retracement for a short term.
The British pound has started the week with strong gains. In the North American session, GBP/USD is trading at 1.2537, up 0.61%. The pound has been on a nasty slide, falling as much as 300 basis points since August 31st. The volatility could continue for the pound on Tuesday, with the release of key employment data. The labour market is showing signs of slowing...
By examining GBPUSD in the 1-hour time frame, we can see that the price has reached a target and an important supply zone and has faced selling pressure from the same area.There is a possibility of further correction of the price, but my short-term view on this symbol will be bullish! Important demand levels can be mentioned from 1.25 to 1.25175, 1.249 and 1.24685...
Speculating a short on GBPUSD using Smart Money Concepts. Remember it’s all 12% technicals. The rest is psychology.
Hello, according to my analysis of GBPUSD pair. There is a good opportunity to buy, as the pair broke out of the descending channel and broke the double button pattern. Breaking the resistance at 1.25000. All these factors confirm buyers' control over the market. Good luck everyone