Traders, GBPUSD has completed W pattern and can give us good short opportunities.
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and...
The GBPUSD is within close proximity of the 200dma, and just below that was today's highs at the 50% retracement at the 1.3829 level. Overnight, the risk may be for a probe into the 200dma, but the bears may attempt to hold the 200dma to keep the Sterling holding lower highs, which is essence is keeping the bearish trend in tact near term. A move below the 1.3700...
If we take a look at higher timeframe charts, we can observe that the price has formed a nice descending triangle pattern. A strong bearish candle has rejected the upper boundary of the formed triangle pattern and the price is now headed down from here. We are expecting for the price to keep dropping and reach the zone of crucial zone of demand identified on the...
Hey traders, here is a view of GBPUSD and the most important levels to take in consideration, personally i'm monitoring GBPUSD for a selling opportunity around 1.377 area, once i will notice any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPUSD has traded into support prior to the USD Retail Sales data, which measures the total receipts for retail stores in the USA. Technically the pair is holding the 38.2% fibo level from the daily chart as support, and we anticipate a rebound into the recent highs at 1.3750.
GBPUSD is trending to the upside currently prior to the GBP Claimant Count Rate, which measures the number of people applying for unemployment benefits. Technically the pair has broken the immediate bearish structure, and the 4h chart RSI is mixed. We anticipate continued upside today.
GBPUSD has continued with it's bullish up-trend with the current risk-on market sentiment.
I've identified A potential level for an overdue retracement at the 140.0 level - this is a strong psychological level, and it also aligns nicely with the current bullish trend line.
I've identified other factors including correlation which supports this short term...
I have analyzed GBPUSD and this is my opinion
-My technical analysis indicates a possible bullish setup
-The risk to reward on this trade is 1:3
-It is closely related with GBPJPY which is currently Bullish
⚡️Exercise Good risk management⚡️
⚡️Split your position so you can take partials as the move progresses⚡️
⚡️Updates will be added on this...
GBPUSD has been on complex corrections after reaching 1.42500 high. The currency pair corrections' is taking the form of a bullish wedge. Is the corrective wave almost over for another trend to commence? A pullback is expected to 50% - 61.8% fib level...
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
Historians call the British Empire the largest state in the history of mankind.
It reached its maximum size by the beginning of the 20th century. Its area was 32 million sq. km. (23% of the Earth's land area), and the number of inhabitants reached 500 million.
The British Empire was founded in 1497 and formally existed until 1997 (exactly 500 years) till the...
GBPUSD is trending to the downside today prior to the USD initial jobless claims data, which measures the number of people applying for unemployment claims for the first time. Technically the pair is holding below trendline resistance, and we anticipate continued downside today.