💡 GBPUSD: market maker trading intentions for 3-7 May.
Current CoT reports show an additional 4% increase in buyer bias, confirming the assumption of a corrective nature of the decline during the new trading week.
💎 The nearest support level to trade within the week is the marketmaker's support level (1.3555).
In case this support is reached, we expect formation of the pattern on purchasing and subsequent rise with the nearest target, the balance of the week (1.3873).
⚙️ In case of consolidation within the new trading week above the level of balance of the week (1.3873), the next upside target is the price level of 1.4204, near which the resistance zone of the institutional investors is located.
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💎 The nearest support level to trade within the week is the marketmaker's support level (1.3555).
In case this support is reached, we expect formation of the pattern on purchasing and subsequent rise with the nearest target, the balance of the week (1.3873).
⚙️ In case of consolidation within the new trading week above the level of balance of the week (1.3873), the next upside target is the price level of 1.4204, near which the resistance zone of the institutional investors is located.
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Trade active:
✅ GBPUSD: the balance of the week test will provide a profitable opportunity to sell.
✍️ Based on the expected continued decline during the first half of the trading week, the balance of the week level (1.3872) acts as the nearest resistance level for today.
🌐 In case of formation of the pattern to sell in the price range of 1.3872-1.3890, we expect the subsequent impulse decrease, with the nearest landmark, the balance of the day (1.3783).
In case of breakdown and fixation below the mentioned option support we expect subsequent decrease to the limit buyer (1.3734).
🌐 In case of formation of the pattern to sell in the price range of 1.3872-1.3890, we expect the subsequent impulse decrease, with the nearest landmark, the balance of the day (1.3783).
In case of breakdown and fixation below the mentioned option support we expect subsequent decrease to the limit buyer (1.3734).
Trade active:
📌 GBPUSD: closed above the balance of the week, what next?
Over the past 24 hours, the asset has closed above the option balance of the week (1.3872).
Proceeding from this it is likely to assume that rise of the cable quotes will probably continue on Tuesday, May 4, and realization of our main scenario, outlined in the current weekly forecast in the direction of the downward impulse is possible only in case of closing of the current and following business days below the balance of the week (1.3872).
The nearest support level for today is the near limit buyer level (1.3838).
In case of successful test of the mentioned support and the subsequent fixation above the balance of the week (1.3869), we expect the continuation of the rise during the current working day as well.
⭐️ The nearest growth target is the balance of the day (1.3921).
In case of breakdown and fixation above the mentioned option resistance level the limit seller (1.3987) is the next upside target for today.
Proceeding from this it is likely to assume that rise of the cable quotes will probably continue on Tuesday, May 4, and realization of our main scenario, outlined in the current weekly forecast in the direction of the downward impulse is possible only in case of closing of the current and following business days below the balance of the week (1.3872).
The nearest support level for today is the near limit buyer level (1.3838).
In case of successful test of the mentioned support and the subsequent fixation above the balance of the week (1.3869), we expect the continuation of the rise during the current working day as well.
⭐️ The nearest growth target is the balance of the day (1.3921).
In case of breakdown and fixation above the mentioned option resistance level the limit seller (1.3987) is the next upside target for today.
Trade active:
⚠️ GBPUSD: limit-buyer gave a bargain buy!
🌐 Over the past 24 hours, a test of the limit buyer level (1.3838) we wrote about yesterday has been jeweled.
Today during the European trading session is expected to rise to the limit seller level (1.3966).
💡 In case of a successful test of the mentioned intraday resistance, we are expecting the correctional decline intraday with the nearest target, the balance of the week (1.3901).
Today during the European trading session is expected to rise to the limit seller level (1.3966).
💡 In case of a successful test of the mentioned intraday resistance, we are expecting the correctional decline intraday with the nearest target, the balance of the week (1.3901).
Trade active:
♻️ GBPUSD: pound continues to unwind weekly balance.
The nearest resistance for today is the upper boundary of the balance zone of the day (1.3914).
💠 If the pattern of selling is formed, near the price level of 1.3914, the drop to the bottom border of the balance zone of the day (1.3858) is expected.
In case of breakdown and fixation above the upper border of the day's balance zone (1.3914), we expect further rise with the ultimate target for today,- limit seller (1.3973).
💡 In its turn, reaching the level of limit seller and the subsequent appearance of the pattern to sell will give the opportunity to sell profitably with the strategic target,- limit buyer (1.3833).
💠 If the pattern of selling is formed, near the price level of 1.3914, the drop to the bottom border of the balance zone of the day (1.3858) is expected.
In case of breakdown and fixation above the upper border of the day's balance zone (1.3914), we expect further rise with the ultimate target for today,- limit seller (1.3973).
💡 In its turn, reaching the level of limit seller and the subsequent appearance of the pattern to sell will give the opportunity to sell profitably with the strategic target,- limit buyer (1.3833).
Trade active:
👉 GBPUSD: trading close to the balance of the week.
✍️ Over the past 24 hours with a false breakdown worked out a test of the upper boundary of the balance zone of the day (1.3914) and the subsequent decline to the lower boundary of the balance zone of the day (1.3858).
Today during the day we expect a rebound from the price level of 1.3890, where the current Friday balance of the day is located and the subsequent rise to the limit seller (1.3955).
🔰 In case of breakdown and fixation below 1.3890 we are expecting the further decline to the limit buy (1.3830).
Today during the day we expect a rebound from the price level of 1.3890, where the current Friday balance of the day is located and the subsequent rise to the limit seller (1.3955).
🔰 In case of breakdown and fixation below 1.3890 we are expecting the further decline to the limit buy (1.3830).
