The GBP/USD pair is poised for a pivotal phase as a slew of significant macroeconomic events unfolds. Investors are preparing for crucial data releases from both the UK and the US, anticipating their impact on the currency pair's trajectory. This week and the following promise to be defining periods, with market attention drawn to pivotal reports and interest rate...
The technical structure on intraday chart still remains interesting in the short term. From a technical point of view, the pair could still trigger an interesting bullish swing if it manages to stay above wave 1.
Trade with care
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$GBP - What shall we do now?
GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options!
1 Emergency rate hike
2 Intervention
3 IMF
4 Fiscal spending
5 Swap Lines
Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
EURUSD H8
We might not have highlighted this particular trade yesterday, as our attention was primarily on AUD/USD and GBP/USD. It's worth noting that EUR/USD tends to exhibit a pattern more closely aligned with GBP/USD than with AUD/USD. Despite this, we've observed a significant upward spike, and we've identified a promising setup for a new long order. Today's...
The Cable broke out of a Range structure and we can be expecting bullish rally at least to the high of the RANGE STRUCTURE before the overall high.
I am expecting a retracement backt to discount of the Dealing Range to get into a trade and ride it till the target areas.
For educational purpose only. Like, comment and share to receive more educational tips and...
On the 1 hour, we have seen how the market has danced back and forth in the past few days.
In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside.
Following the bullish shift, we witnessed the market...
GBPUSD closed above another daily swing high, may likely targeting above 1.27000.
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
Since Oct 26, cable has been exhibiting a bullish structure, and with the Non-Farm Payrolls later today, will this structure persist or face a shift?
While a temporary dip in prices may occur, it appears unlikely that the overall bullish trend will be disrupted.
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ...
This pair is bearish on the 1 hour and the 4 hour. We choose to limit ourselves to just the 4 and 1 hour charts for now; those are the charts we will be considering the most when taking our trades.
On the 4-hour, we found a bearish push last week, and we were able to catch a bearish trade. We have held on to that position till now, believing that the market still...
GBPUSD D1
We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again.
Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
GBPUSD D1
We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again.
Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
GBPUSD!
N.B!
- GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
A very prominent reversal is spotted on GBPUSD considering the following:
1- Head and shoulders appeared as a reversal structure which is an indication that long positions are being closed i.e. GBP might start to lose the battle against USD.
2- Broken lower trendline indicating a shifting bias to downside.
3- We are still stuck inside the daily tf ichimoku cloud,...
GBPUSD!
N.B!
- GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
TVC:DXY Dollar bears may come into control swiftly if we break down within this channel, reaching the red support zones. However, while we are still within the amber zone, patience.
Whilst analysing the dollar, think of other currency pairs such as £.
Ignoring the outside noise and concentrating on price action is key at this moment in time.
Trade Journal |...
Although we cannot yet rule out a new bottom on daily chart, from a technical point of view, we are approaching an interesting support area, and this should trigger a bullish reaction on the pair. That said, our short-term view is bullish and we will follow the development in the next few hours on intraday chart (Reversal Pattern formation is necessary to trigger...
My bias is still lower prices for now (refer to my higher-timeframe ideas). However, am interested to see if these trade ideas play out, at least one of them. What is important to me is the day of week, and the time of day, engineered liquidity, along with any scheduled economic news drivers.
