GBPUSD could rise towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1.23921 and potentially move lower from here. Our stop loss will be at 1.24486 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 1.23090 which is a recent swing-low...
I expect the strong bullish trend that started last week to continue! After hitting the midterm target for dollar at around 106, I expect a massive selloff! And then stocks and equities will truly fly! But let's not get ahead of ourselves yet! :) I will update this through the week! If you are interested also take a look at my euro and pound analysis for the week!
GBPUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 1.23922 and bounce up from here. Our stop loss will be at 1.23501 which is an overlap support. The take profit level will be at 1.24678 which is an overlap resistance. Any opinions, news, research, analyses, prices, other information, or links...
I think we have printed the high of the week on #eurousd here! Dollar has been bearish for weeks and now it is starting to see some relief! This means risk off conditions on other assets! I am looking at the the daily fair value gap as the weekly target for eu! We hit into a daily bearish fvg on euro and have seen some nice reaction! Let's see if the moved will...
I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now. I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and...
Before talking about what direction NASDAQ:GBP pairs should take, just check its #INDEX before decide. It seems to be clear that #UK won't throw the towel and give up. They have conquered nearly 70% of the planet; English is the most spoken language. The small British island could still hold a few surprises! 130 seems to be claimed... Don Pablo
So far this year, Cable has made significant progress. However, the fifth wave’s potential for further growth appears limited due to its final leg within a higher degree impulse, as evident on the daily chart. Interestingly, there have been instances of sluggish price movement and overlaps around the 1.23 area. This prompts us to question whether this could be the...
I believe dxy is gonna finally break out of this boring range and go for sell side liquidity this week! Daily swing is clearly bearish and we have retested the perfect OTE Fibonacci retracement of the latest swing leg. Just ready to go lower! I expect a bit of pullback higher into that daily volume imbalance and then tank! We can look for longs on #eurusd...
More Confluences at 1.2620 than you can shake a stick at. Stop goes below impulse with limit order, or wait for Bullish Engulfing or Doji from that level for a super tight Stop.
I believe eurusd is gonna make new highs after today's fomc number release! We have a daily order block and price can sweep the liquidity into this order block before going for the previous weekly high as the first target! It is much better if we do not touch the previous weekly high before the news! Otherwise the probability of the bullish case drops in my opinion!
The GBP/USD currency pair has recently seen bullish pressure take control, with bears unable to invalidate the crucial demand/support zone at 1.23823. Over the past two weeks, the 1.25044 supply/resistance level has successfully held, prompting the question: what's next for the GBP/USD pair? To answer this, we'll analyze the daily, 4-hour, and 1-hour candlestick...
$GBP - Think about a birds eye view... When trading I like to go towards higher TF in order go proceed to lower TF. Looking at weekly we are within a range of lows: 1.18 areas and highs: 1.23 a break to either direction. We had a mixed view on NFP but we extended higher and dollar declined we could see this theme continue another perspective I was looking at was...
GBPUSD could fall towards a key support level. Price could hit our buy entry at 1.24031 and reverse towards our take profit at 1.25465 which is an overlap resistance. Stop loss is at 1.23433 which is an overlap support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an...
I'm short on GBP USD, it's failed to make a new high, failed to break back above the dynamic ascending trendline. Inflation is still high, despite rate hikes. Economy is in a pickle, with really poor retail data today. UK is the worst performing economy in Europe. There's RSI divergence. We're on a longer term downward trend so if this is to be broken I think...
GBPUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target. Entry: 1.23443 Why we like it: There is an overlap support Stop Loss: 1.22699 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracemnent Take Profit: 1.24724 Why we like it: There is an overlap...
-GBPUSD is runing in downward wave after breaking 4h uptrend. -Bouncing off fibo 0.50/0.38 level. -Short move is expected for short trade with good R/R ratio ...be safe...
According to previous analysis, price makes a fake breakout (FO), so we expect downward sharp momentum.