GBPNZD chart is so clear and says to sell it again. British pound is under pressure and has no momentum to strong again. Trade safe. Good luck.
GBPAUD had a nice pullback to the broken channel and has chance to goes down again. British pound is under pressure of uncertainty in economy and can weak against other currencies. Trade safe. Good luck.
Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own...
Hello traders, Let's delve into the GBP/USD analysis with a focus on supply and demand dynamics. To grasp the current situation, take a moment to examine the 4-hour chart. . Key Levels: A break below the 1.2620 level could trigger a bearish setup, leading towards 1.2695 and following the yellow path. Additionally, consider the potential for a sell setup...
Cable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.26336 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci projection level Stop Loss: 1.26027 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
GBPUSD pullbacks from strong bullish trend. Will the support at 1.26500 hold or deeper pullback anticipated? Look out for rejection and/or strength of the pair! 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...
Cable (GBPUSD) made a nice bounce, with price coming to a new high as BoE turned out to be more hawkish than expected if we consider the votes for the hike by BoE members. So it appears that the pound will stay in the uptrend as the whole pattern from an October low now shows an impulsive price action in progress. Ideally, that's wave five of 3 in progress with...
GBPUSD H8 Here is the analysis on GBPUSD, following the signal we posted, closed and fell just short of by 2 pips before flying a solid 210 points. Fuelled by the FED and BOE, both yesterday and today. A rejection from this 1.27200 price down towards 1.26 could be the corrective retest we are looking for. The market bias and direction is now very much evident.
Here I present the simplest way of technical insight for Cable FOR SHORTS : - I would like to see Price trading below 1.26 level for me to continue looking for shorts when trading cable. FOR LONG POSITIONS - I would like to see Price trading above 1.27 level for me to continue looking for long positions , I hope in that area the long position will be validated.
GBP/USD is currently in a bearish trend, supported by two key technical indicators - the breakdown of an uprising channel and a bearish crossover of the 50-period Simple Moving Average (SMA) below the 100-period SMA. Traders should be aware of the potential impact of tonight's FOMC and Thursday's BOE interest rate decisions, which could introduce volatility and...
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 Like | Share | Comment
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...