GBPUSD - Intraday - We look to Sell at 1.1990 (stop at 1.2070) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.1875. We are trading at oversold extremes. A higher correction is expected. The...
GBPUSD is expected to test demand area of around 1.1935 and then go bearish , take profit: 1.1800, stoploss:1.2010. On D1 there is also a formation of evening bearish star which also predict price will go bearish and test the next support area.
Below is our Long cable prediction and risk parameters: 📈GBPUSD Buy Now 1.19100 ✅TP1: 1.19600 ✅TP2: 1.20100 ❌SL: 1.18100
GBPUSD Intraday - We look to Sell at 1.2055 (stop at 1.2110) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We...
Next Wednesday we will get UK's GDP data, it is expected to be negative as recession fear soars. Boris Johnson will likely continue to serve till October which not bullish for Sterling. A good entry point for a sell position would be 1.218 for a TP of 1.19
Gbpusd is in a powerful downtrend. I haven't seen any sell setup yet since the last one I called that made us SMILE TO THE BANK!. So I thought, let me think of something CONTRARIAN, cause that's what trading is about, right....?. Only, I repeat ONLY this setup will make me consider longs.....for a nice 1:3RR. Like & Subscribe.
GBP - Break to either direction. Pennant/Triangle pattern STF
Cable played out exactly as i projected in yesterdays analysis - i hope some of you managed to capitalise on my previous update, beautiful 3.5R secured to start the week. We have closed this trade now.
Price does this thing I call Sniper Open. It will throw a Judas Swing and shoot for liquidity like a bat out of the fires of hades :) This happens everyday in the forex Market. Price has a strict routine it adheres to and it rarely deviates from this. The key to trading Forex is to anticipate these moves by trapping price at areas of structure it has been...
Cable has made a nice strong reaction from the historically strong psychological level of 1.2000 but that doesn't mean price cant retest this zone again before we see a bigger corrective move. On the 1D TF Friday's candle closed with a potential wick to fill to the downside, on the LTF price has broke out of the Asian session range and is testing the 0.618 fib...
Price on the 15 Min chart has just tapped into a previous demand zone / OB area. I'm looking for price to mitigate the 50% level of this demand and bounce from it. The SL is just below the zone (12 Pips) incase price wicks down to mitigate the local low and claim this liquidity before a larger push up as this is quite a likely scenario which I want to be safe...
As it can be inferred from the 2H timeframe chart, the price has been consolidating within the borders of a sideways-moving range for quite a while. From the recent price movement, we can observe that the bearish rally that has happened recently gives enough confidence that the price may keep pushing even lower. We are eyeing the zone of support (recent low)...
GBPUSD Short Swing trade, expansion to the down side is expected.
GBPUSD Intraday - We look to Sell at 1.2350 (stop at 1.2415) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. 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...
GBPUSD Intraday - We look to Sell at 1.2310 (stop at 1.2375) Buying pressure from 1.2161 resulted in prices rejecting the dip. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. The hourly chart technicals suggests further upside...
To follow on form our previous cable update price is currently pushing back to the downside for a deeper exhaustion which will create the larger bull flag and provide a more beneficial trade opportunity. The bottom of the potential bull flag and horizontal support is the desired long zone. If price breaks below said level shorts will no longer be valid. A trader...
Here we discuss everything that transpired today on 6/21/2022 and then go into market analysis going forward... This week i'm bullish on GBPUSD and overall daily and weekly bias remains bearish
Cable Short trade. This could be a Swing Trade also. Let's see how this pans out.