Polycab look very strong in chart 💪 today they can break the most imp bearish resistance with a heavy candle or strong candle Buy it above at 2440 Our target 2509 2585 2630 2716 Sl 2340/2280 based on UT risk ratio time minimum 1 month
We took out buy-side liquidity yesterday and then we got a ms shift as marked on the chart. I'm looking for a sell in the blue shaded area and targeting the sell-side liquidity at the 1.2050 level.
GBPUSD is declining towards buyers level, will there be price rejection at this level? If price is rejected with a strong bull bar, that's positive, else the pair may continue to decline... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPUSD D1 As per the above video analysis, 1.22 support breach, followed by a retest of the underside of 1.22 (acting as res). Strong confluence stack like we have been discussing over the last couple of days. Really want to see price pull down south of 1.21500 to break the trend officially. And therefore see this D1 bear pull see another wave.
Trade idea for cable Arrow would be trigger IF we get it Trade safely
GBP/USD update The cable (GBP/USD) rose to 1.226, smashing the 50-day moving average for the first time since early February 2022, as speculators increased their expectations for a 50 basis point BoE rate hike this week, which would be the largest interest rate increase in 27 years, pushing borrowing costs to 1.75%, the highest level since 2009. With UK...
Shorting cable at 1.22419 with the following set up in mind: TP: 1.21259 SL: 1.22685
GBPUSD Intraday - We look to Sell at 1.2300 (stop at 1.2380) Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into...
OANDA:GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875 What is the supported thesis technically for the expected scenario on GBPUSD? - Expecting start of B waves and final capitulation of C wave - MACD will reverse...
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
Inverse head and shoulders.....coupled with triangle break..... A strong daily close above these structures should most likely lead to a bullish move to 1.26000. 3R....like and Subscribe.
GBPUSD H4 Still trading south of 1.20, therefore using 1.20 as key resistance. Strong confluence zone as already annotated. GU is practically the mirror image here of DXY. A nice 40 pip drop early morning rejection 1.20 when markets opened. Looking to see some resistance yet again, and some driving volume to sink cable.
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
GBPUSD is showing strong divergence and is all ripe for bullish reversal. Buy if H4 close above 1.2082 area , TP1: 1.2230, TP2: 1.2600, SL: 1.1849. This will be a big move and I am hopeful we will catch much green pips as the rade goes on, I will keep updating trade ideas along the way.
GBPUSD Intraday - We look to Sell at 1.2100 (stop at 1.2175) We are trading at overbought extremes. The 200 day moving average should provide resistance at 1.2154. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit...
I am targeting the FVG which is my Point of interest on Bigger Tf. To take that short I would like a retracement to that smaller TF FVG. Feel free to comment below