Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk buy zone) spanning from 1.25430 to 1.25370. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 1.25430 and 1.25370, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 1.25700:...
Dear Traders, Hope you are doing great, we have a upcoming great selling opportunity on GBPUSD. DXY may become weaker until Thursday where we can start having major news on DXY. The economic news expected to come in favour for USD although, the market will be too volatile so we ask you to follow accurate risk management. As always if you like or agree with our...
Here is my latest structure analysis for GBPUSD. Support 1: 1.2445 - 1.2490 area Support 2: 1.2299 - 1.2350 area Resistance 1: 1.2560 - 1.2639 area Resistance 2: 1.2677 - 1.2722 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2641 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2580 Recommended Stop Loss - 1.2678 About Used...
Not really an enticing trade and also remember that is not a confirmed pattern , its a pattern assumption. It can literally go anyway without bias.
Starting to see some bearish confluences on GU ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you...
Hey traders, here we share our analysis for gbpusd pair. keep comment and share this please.
Hello traders! I have made an analysis on GU and will be shorting to end of wave C and then long to resistance level. Why am I expecting this move? -GU has completed its ABC corrective wave on GU on H4 meaning that we are now on reversal phase to bullish trend. -Price had completed a classic break and pull back and I'm expecting price to create a "M" pattern. -I...
Hello,Friends! The BB upper band is nearby so GBP-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.254. ✅LIKE AND COMMENT MY IDEAS✅
GBP/USD is facing challenges in the aftermath of the recent data release from the UK's Office for National Statistics. According to the data published early Tuesday, the ILO Unemployment Rate in the three months to March edged higher to 4.3% from the previous 4.2%, aligning with analysts' expectations. Meanwhile, annual wage inflation, indicated by the change in...
Based on the chart, it appears that GBPUSD has completed an impulsive wave (12345) and completed the corrective move (ABC). so the wave cycle is ended that mean only long trades is matter now
As you can see , we posted GBPUSD today and now it hit our Target with R/R : 10 and of course it's a great risk to reward ratio !
Here on GBPUSD price still in uptrend and likely to move again after touching psychological level of 1.25000 . So is expected to wait for the price reach to another psychological level which is 1.25500 before entering another trade.
Preferred direction: BUY Comment: The British currency is also expected to boost amid the publication of US CPI data . This is the most likely scenario and is indicated on the chart as scenario №1 . Login is expected just before the data is published. One can especially consider buy-position through pending orders if the price immediately falls to 1.25396...
The trend is your friend until it ends. As you can see GBPUSD is still on a down trend. So, it's better to seek short trending opportunity. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before your own trading decision.
Market broke Daily LHs turning overall structure Bullish Entry at Daily and Weekly AOi Weekly and Daily at the same AOi Weekly Rejection Candles Daily Rejection Daily EMA retest Around Psychological Level 1.26000 H4 EMA retest H4 Candlestick rejection Rejection from Previous Structure Point SOS 1:5.26 Entry Signal 95% REMEMBER: Trading is a Game Of...