VERY nice setup that I share with u last day high will hunt in today ln then price show powerful sign wit qm pattern that good foe sell
Last update on GU now that inflation news is hitting! The set up played out beautifully! I decided to secure some profits at around 1.24400 since that was the low. Price showed a support level there so that's why I secured some profits! Stops for the 1 runner were moved to breakeven. Inflation news just hit which made the pair dump again, once we blew past 1.24400...
Just sent out shorts on GU. I broke this GU set up multiple times. I was waiting on price to break and retest the 1.25000 level before looking to go short for a 1:3rr! Price gave the retest before markets closed but I wanted to until markets opened back up to see where price would head to. Seems like price is now heading to the downside from here. We'll see what happens.
GBP/USD Long Trade: Entry Level: 1.2466 Stop Loss (SL): 1.2439 (-$270 risk) Take Profit (TP): 1.2526 (+$600 target) Risk / Reward Ratio (RRR): 2.22 Description: This GBP/USD trade aims to enter at 1.2466. The Stop Loss (SL) level has been set at 1.2439 to limit the risk, representing a potential loss of $270. Additionally, the Take Profit (TP) level is set...
-GBPUSD overall is running in downtrend. -GBPUSD is following 4H down trend. -Keep an eye on the current support zone . -Short trad will be good idea after breaking the support zone. -soon GBPUSD will bounce off the main level for long trade with good r/r ratio .
CPI will release today i see the GBPUSD bullish today so its not 100% but i will see what will be happend in the CPI
Disappointing UK economic data was released this morning. According to the Office for National Statistics, real gross domestic product fell by 0.5% in July 2023, with declines occurring across a range of sectors. The last time a decline of this magnitude occurred was in February of this year. As a result of the publication, the GBP/USD rate dropped sharply. At...
GBPUSD Analyze Current: 3.2%, average forecast: 3.6%, expected to increase. Consumer Price Index Expectations for Financial Institutions (Inflation): (Lowest: 3.5% Highest: 3.7% If a price can stable above 1.2474 the direction will be uptrend again to reach 1.2584, 1.2657, 1.2743 For any reason if the price backs off and stable under 1.2502, the price will...
I analysed this chart using the Elliot wave strategy, top down analysis and London session to confirm the current direction of the market. I am confident that this TF is completing part of ELLIOTS 5 wave impulse to the upside, so I am in for a long trade.
GBPUSD seem very bearish looking for a run into the sell side liquidity. since we tap that 1Hour FVG already
Price just formed a head and shoulder pattern in H4 timeframe and is set for a sell. I anticipate bearish price action to be developed away from that level .
Market Structure Bearish On Higher Time Frames Strong Weekly Close with a lot of Bearish Momentum Retested Previous Weekly AOI (W2) Strong Resistance Level on the Daily AOI Around Psychological Level Strong Area of H4 Rejection (Entry Based off median point of Daily and Weekly) Retest of H4 EMA REMEMBER: Trading is a Game Of Probability :...
GBPUSD seems to sink further down as bearish flag is formed with no divergence
Hello Traders Investors And Community, welcome to this analysis where we are looking at GBPUSD weekly timeframe perspective, the massive formation it is building up there, what we can expect from it and what it needs to fulfill for a proper confirmation of this huge formation. The last months and weeks GBPUSD was in a steady but week downtrend with several lower...
GBPUSD continues to move within a strong downtrend. The price has already lost 5.3% from the high and is ready to lose more. A pattern is forming which could send the price to 1.23680 TA on the high timeframe: 1) Failure of the support at 1.25479 will form a new impulse and a new level 2) A stop at 1.24450 forms a support and 3 days later the price comes back to...
Fear is something we have always tried to distance ourselves from. i have realised in the years of my life that its better to befriend said fears, and to the have a intimate relationship with this emotion. why ? so this feeling wont make you uneasy in life. to feel the fear is one thing, but to understand it and dive into it to comfort said fear is another. it...
short now or wait for break current support area and close below that level at H4 candle and go short - GBP under pressure - GDP m/m is bad - Trend is down have fun :)
Hello,Friends! The BB lower band is nearby so GBP-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.249. ✅LIKE AND COMMENT MY IDEAS✅