Hello Traders!
This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450.
Traders,...
Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
Traders, if you liked my idea or if you...
Simple Forecast
Now I updating my previous idea for some reasons.
1.Higher high and Lower High confirming up trend.
2.Dollar is going down and down on daily chart.
Looking to sell GBPUSD from sell area, wait for exhaustion candle. Close trade at the target area (+30pips).
But be careful as GBPUSD has also shown reversal signs to the upside from the 1.26 area which is holding as a strong support level.
Two possible scenario for GBPUSD
We see two possible patterns - Bearish Rectangle and Double Bottom.
Wait break.
Targets on the chart.
Thank you for your attention.
Rebound from the lower boundary of the ascending channel (violet line).
Breakdown of the descending trend line (H4), (orange dashed line).
Rebound from EMA600 (H4).
Let`s see.
Possible scenario on the chart.
Targets on the chart.
Alternative scenario on the chart.
High risk trade!
Thank you for your attention.
Buy GBPUSD
Possible targets on the chart
AB=CD bullish
Let`s see.
Alternative scenario will after break below red line - 1.2240
SL under red line.
Intraday!
Trade Care!
I will buy pound abowe 1.2308
Possible targets on the chart.
AB=CD bullish
but we have AB=CD bearish also
Now we are above EMA55.
Let`s see.
Alternative scenario will after break below red line - 1.2147
Trade Care!
