This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD hit resistance around 1.2780 but there is no sell signal yet. If so, everyone can consider trading. The upward momentum weakens when approaching this resistance area, so you can sell it. But if in case the price increases strongly and breaks the resistance, it is possible that the peak area will also be broken, then the trend will return to an uptrend, our...
GBPUSD is waiting to gather inducement. Wait for the price to grab the inducement and come to next demand zone for confirm long entries. As the price has already given a break of previous structure which confirms its bullish trend. Happy Trading
Hi Traders! GBPUSD continues its bearish outlook, and further downside momentum looks very likely. Here are the details: The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level. Preferred Direction: Sell Entry Level:...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hi Traders! GBPUSD looks to be on a pullback after breaking and closing above the previous resistance, and there are opportunities for short entries to take advantage of the potential pullback to target levels near the previous resistance break. Price Action 📊 After the initial break and close above the previous resistance at 1.24286, the market rallied to find...
Hi Traders! GBPUSD continues to trade with bullish momentum and looks to be targeting the previous strong support level from August at 1.26148, which is now resistance. Price Action 📊 After breaking above the descending price channel, the market is now in an ascending price channel, and the price action looks completely bullish with higher market swings and...
This bias for GBPUSD this week is not as clean in terms of price entering an ideal zone however, it's still a possibility that could happen so let's look at how we could sell GU. As we know this market has been in a small uptrend recently but, I am still overall bearish (looking at the HTFs) Therefore, I would be waiting for price to enter a near by supply so we...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hi Traders! There is a potential double-top pattern on the GBPUSD 3H chart around the new monthly high. Price Action 📊 After the break above the previous monthly high at 1.24286, the market traded with further momentum and reached the new monthly high at 1.25058, then had a pullback to the neckline support at 1.23740. The market is now re-testing 1.25058, and...
H1 - Strong bullish momentum. Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
The primary structure of GBPUSD indicates a bearish trend, accompanied by a secondary structure reflecting a corrective rebound. - To capitalize on favorable selling points, it is suggested to exercise patience and wait for the price to revisit the vicinity of 1.23643 before considering short-selling opportunities. - In the case of seeking buying opportunities, a...
Hi Traders! GBPUSD has found some short-term support at the 61.8 Fibonnaci Retracement Area, and there are opportunities for long entries towards the trend line resistance. Price Action 📊 The 61.8 Fibonacci area looks quite strong at the moment; the bears seem to have exhausted at this level. Although we must be careful here as the market is still under the 20...
GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price...
The GBPUSD pair has recently exhibited a breakout above a long-standing resistance level. Breakouts above significant resistance points often indicate a potential shift in the trend or momentum. After a prolonged period of being suppressed under this resistance, the breakout signifies a substantial change in market sentiment. Traders often interpret this as a...
Hi Traders! GBPUSD is in a bear pennant pattern and is heading for the 4-week low at 1.20372 in anticipation of the FOMC press conference later today. Price Action 📊 The market is currently in the bear pennant pattern and is showing bearish signals with lower highs and lower lows; additionally, there has been a break and a close under the 20 EMA. We are now...
You can see important support and resistance in the pound's daily chart. As you can see the price couldn't make a lower low after touching the bearish order block and the price broke the previous high so we can expect a bullish movement for GBPUSD. There is the bearish order block in front of the price and then a liquidity pool above the previous minor and...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.