Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own...
GBPUSD! N.B! - GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gbpusd #cable
After support price by lower line of the channel, Cable may firm a double bottom pattern and goes up again. So, On my view, long cable is low risk at this level. Trade safe. Good luck.
GBP/USD remains in a strong uptrend on the daily chart, although prices began retracing on June 16th. We're now looking for momentum to revert to its bullish trend. Whilst prices failed to hold above May high, they're now back above them having formed a 3-day bullish reversal pattern (Morning Star). A small bearish inside day formed due to the 3-day weekend in...
We finally got the breakout of the resistance level @ 1.267 so what next ?? Personally, I'm exclusively focused on buying this pair, but with a calculated approach. We will be waiting for a pullback , as it presents an optimal entry point. On the chart, I've marked a potential buying scenario, where I anticipate a retracement towards the breakout area. Ideally,...
The TVC:DXY works like a see saw... When one side goes up: the other side goes down: specifically US PAIR$ This Objective Market Wi BME:DOM will lead you to the land f pips and money IF you to the process of UNLEARNING EVERYTHING taught you about trading. Never over leverage. Trust your narrative for it is the GPS to the prize! Have a Great day of trading...
We witnessed the formation of a flag pattern, which is a fantastic opportunity for trend continuation trades. This pattern indicates a temporary pause or retracement within an ongoing uptrend, followed by a potential breakout to the upside. As price consolidates within the flag, we anticipate a bullish surge to continue the upward momentum. Delving into the...
From a straight forward technical analysis, the resistance that we have been fighting is a weekly area, but the direction is still strongly on the bullish side. Keep it simple so you can get your job done faster. Silent
Our cable trade from several days ago is playing out BEAUTIFULLY lets see if we can get some SUPPORT STRUCTURE tomorrow with CPI Hopefully anyone who missed out can get in before the main rally
After several weeks of Price action consolidating on CABLE inside of a DESCENDING WEDGE and forming several HARMONIC PATTERNS it appears as though we finally have a winner between the bulls and the bears. Based on the price action a bottom has been formed and a breakout of the WEDGE PATTERN has occurred. Assuming this is a STEP ONE BREAKOUT and a total reversal of...
Hi traders and TradingView community, today we are looking at the GBPUSD as price has started to show signs of a new breakout. Looking at the GBPUSD, buyers continued to hold at the demand and support area with multiple saves. Sellers made their last push yesterday before buyers flooded back, forcing an engulfing type of candle and halting the minor downtrend....
-Short pull back to the top yellow pivot and look for slight move away & up to get in. -The Dollar still has a lot of uncertainty with the Policy and Fed Decisions.... -Can we back Sterling yet? Let me know your thoughts??
Market created an FVG yesterday in London session and filled it in NewYork session and made an order bock at 50%. All this while DXY is pretty bearish so I think market should kick into buy mode at 1.20656 then NewYork open should provide enough liquidity to push up to previous high.
GBPUSD is forming double bottom pattern on daily support level after breaking daily uptrend ...expecting up move up to next resistance level with good long trade with good R/R ratio...be safe...
The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach...
The GBPUSD currency bullish force looks good for the coming week. The GBPUSD pair price seems to have cleared the minor resistance levels 1.2120 and 1.2140 and retested the same. So, we anticipate the price to continue to rally to the 1.2420 and 1.2450 range. There is high-impact news that may effect significant price moves in this new trading week. Notable,...
Let's take a moment to revisit past event. 1. Eurusd has steadily been in an uptrend and we expect the trend to continue for atleast 3 months 2. Eurusd has been respecting the trend line. Furthermore, when the trendline broke and dip created, on correction, price still held above the dip So what can we deduce from the information above? 1. Short positions are...
GBPUSD, the cable is finding resistance at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea. We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity. The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting...