- For sure one of the most easy forex trade setup that i saw in my entire life. - Buy = 1.05 - Sell = 1.24 - Under 1.05, just go to a church and pray. - Feel free to check my older DXY analysis to get some clue : Happy Tr4Ding !
Hi traders, GBPUSD is in a multi-scenario area, as the chart is not very clear right now. One scenario is a continuation to the upside from here, another one is a retracement to the bullish area marked on the chart and then a continuation to the upside, and the third one is a deeper correction to the 4h-D trendline. All the scenarios are marked on the...
The British pound has staged an impressive 18% rebound since its September's lows and is now entering a pivotal week given the upcoming Fed's (Wednesday) and BoE's (Thursday) meetings. Even though the latest signs of economic activity are mostly better or in line with expectations, they actually show that the economy is slowing down and that a recession is...
FX:GBPUSD Price seems to be reacting to the demand zone which broke the supply chain and as such, we can expect more bullish rally to clear resting BSL. If we see price trade below present demand zone, we would expect a new wave of bulls at the tap into the 4H OB.
Good pips traders! It's another gorgeous trading week and I'm here again with my view of the market GU began last week on a bullish note at point X as marked on the chart only to reverse on Friday at key level B, I expect the market to be bearish for at least the first two days of the week before any further moves.
Pound against Dollar set up looking bullish, expected to bounce from the support zone of 1.37250 , this week its absolute bullish till 1.3900 zone, analysis only for education purpose
the head and shoulders neck line broke powerfully and the price come back to that trend line and test it but I think will come back to the down trend and will be very powerful trend. if pay attention to the head and shoulders pattern in technical analysis and other charts, its common that price come back to the broke neckline and again go to the past trend and we...
GBPUSD (long-term) $vs£ As you can see on the chart above, it seems like there’s an ongoing extension in wave (3). Wave 4 might have been in place, so wave 5 of (3) is likely underway. If correct, the market should break the high of wave 3 soon. The main critical level for this scenario is £1.3484 . Broadly, the market should continue unfolding a bullish...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4205). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4205). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which...
Here's a classic SHORT setup on the GBPUSD. As this month's close comes to an end, we anticipate a pullback - or perhaps a reversal - on this pair from here. Happy Trading folks! Cheers!
Perhaps you've seen it before.. a shaven top candlestick or maybe a shaven bottom candlestick, so what does it mean? Well, it's a GAP basically and 9 out of 10 times it gets filled eventually. A Shaven-Top candle is a candle with the SAME OPEN and HIGH price level. A Shaven-Bottom candle is a candle with the SAME OPEN and LOW price level. For this pair, on the...
Hello everyone! GBPUSD is back in the channel, though as before remains close to the dynamic resistance. The pair formed a rectangle pattern and I'm bullish on GBP above the 1.33992
Probability: 60% High Risk!!! You can close the deal manually or choose another Target to take profit The chart will keep going up
British Pound has formed bullish flag. Trend should continue up to 1.315-32
Priceline of British Pound / US Dollar forex trading pair is forming a bearish Shark and entered in potential reversal zone to start the formation of last leg soon insha Allah. Price action is also hitting the support of bollinger bands. RSI is oversold. Volume profile of complete pattern is showing less interest of traders at this area. Stochastic is...
If we see the movement of price action US Dollar / Pound Sterling then it giving easy profits within the channel by hitting bollinger bands support and moving up even most of the times it is not hitting the channel's support but moving up after hitting the bollinger bands. But this time it is hitting the channel's support and the lower bands of bollinger bands...