GBPUSD has bounced out of the ascending wedge pattern prior to the USD ADP employment change data, which predicts NFP. Technically the pair has broken the ascending wedge, which is a bearish price pattern, and the pair is looking to further downside.
GBPUSD turned upwards from 1.3400 towards 1.3600. Look for selling opportunities to sell towards 1.3400
With that huge drop yesterday we should expect a correction but when? Its clear to see all the imbalance on that drop. I've explained the process for my trades and what I look at - these are always areas I monitor and don't trade from them blindly. Although I hit my target yesterday holding on to the trade would have returned great profit - something I need to...
GBPUSD daily chart has closed below the 50% fibo and the mid-trendline support.
Q: What has the highest probability of occurring? In 2021 cable has also been rotating between $1.42 and $1.37. There are 2 classic patterns, 1 is validated. The double top, with a recent breakout of 1.3650 is validated. This pattern projects 1.3100 as the target. The double bottom , having recently tested and rejected 1.3600, would need to breakout from...
GBPUSD has held support today, after yesterdays large sell off. Technically the pair has breached through the bollinger bands, and the RSI has generated an over extended signal, and we anticipate continued upside into the 1.370 level.
Areas I'm looking at for 28th September - Price is still in the range of initial push from Daily Demand and retrace below the 50% of that push. For me the area its in now is showing a lot of selling - I'd like to see the supply areas taken out with candle body closure but ultimately it's the high of initial push that will need to be taken out. But doesn't...
Hello Traders!!! ⚡️ORIGINAL IDEA LINKED BELOW⚡️ Here’s an update on our trade We had already collected 80 pips and now we are continuing I’ve now moved stops to the 1.365 area Some are at breakeven So it looks like price wants to complete that head and shoulders and we are going bullish I am following the pair closely and will give more updates Slick⚡️
The trade was provided in consideration of various factors one of them being Gu changed the trend , Gu broke the trendline and it has retested Fib zone of 61.8. Now lets see it fly to 1.38000 hopefully
GBPUSD is trading to the upside prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is trending to the upside and has broken bearish structure, and we anticipate continued pressure to the 1.3780 level.
price back at a previous rejected zone after broken down 138 level structure. will be looking for price to move back there for next price action,
GBPUSD again rejected below 1.37000 with on-going buying pressure observed on H4 on 2 levels (green highlights). Price rejection at either these levels will see the pair re-testing recent swing high at 1.37502 (or above). However, failure to rally above 1.37502 will likely cause cable to continue going further down. N.B - Let emotions and sentiments work for...
Expecting the rest of trading today to fill the inefficiency laying above today's current high. I then expect price to fall tomorrow and wipe out everyone who is below the lows. This may happen tomorrow, also the chance of it happening next week.
These are areas I have marked out for today on GBPUSD - there has been a big reaction the one hour demand zone. If the highs get beat by price action then there's a chance of some upside movement. These areas are NOT where I will click buy or sell they are for monitoring when price gets there.
Hi to all, GBPUSD broke the short term rising trend to downside. Now, it is re-testing the broken structure. I think it could be short from this levels with a certain stop-loss above 1.3855. Good Luck! Keep follow me for the updates. If you find this analysis useful, please support me with LIKE and feel free to ask all your questions as a COMMENT.
The current situation has shifted to paying close attention to support levels. As you can see it seems that the level of 1.3582 is the key level for future movements. Key level for 96 percent of traders, but imo it is weak level already to rely on. Real key levels are a little bit lower... We are obliged to closely watch the price behavior (for manipulation)...
GBPUSD has bounced from resistance prior to the GBP Gross Domestic Product data, which measures the total value of all goods and services produced domestically. Technically the pair has broken to the downside of the ascending channel and has now done a retest of the trendline and resistance pivot. The RSI has also generated an overextended signal, and we...
GBPUSD broke out of a minor range and headed south, essentially reversing the course of a short-term bullish trend. Overall, the market is still seen trading within a range between 1.3960 and 1.3610 and it is most likely to continue heading down towards the bottom. We can also see a symmetrical triangle forming so the rebound from the bottom may take place a...