Going over what we are seeing on GU. Looking for a breakdown from this location. As it has meet the objective of filling in liquidity on the upside. Just waiting for confirmation that it is done at the point.
Reason for the trade. broken trend line: retested broken structure and created support creating HH and HL perfect setup for London session. i do not see how this would be anything but a sell. lets hope markets don't get choppy or manipulate.
GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way. Technical Analysis: GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%. The pair...
GU is almost a carbon copy of EU except for some small points, we are used to seeing the EU and GU pairs be almost the same as they are in my eyes almost sister pairs along with many others, but we also have to look at each of them for the unique signs they give us, now EU dropped lower and stayed within a bearish swing range. BUT GU has shifted back into a...
Hey Traders, in tomorrow’s trading session we are monitoring GBPUSD for a selling opportunity around 1.26700 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26700 support and resistance area. Trade safe, Joe.
This is a possible scenario for GBPUSD, annotated on the 1h timeframe. Price just took out sellside liquidity and reversed back up rapidly during news on the 1st March 2024. There is much trendline liquidity residing above, but there is also a 3-week and monthly FVG below (off screen). The narrative I have in mind is for price to at least either make one more...
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86100 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86100 support and resistance area. Trade safe, Joe.
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Sell Entry: Consider entering a short position around the current price of 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish...
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.10900 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.10900 support and resistance area. Trade safe, Joe.
GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. Setbacks should be limited to yesterday's low. We look to Buy at 1.2640 (stop at 1.2604 Our profit...
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26700 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.26700 support i will be watching a potential retrace of the trend towards more lows. Trade safe, Joe.
Expecting a longer term reversal soon from this pair, based on price action and also fundamentals. Looking for a sell on LTF around 1.72. If we break and retest the wedge lower boundary we'll be looking at 1.68 and a nice 400pip move.
Hi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge,...
Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...
GBPAUD violated a solid horizontal supply zone. After its retest, the price formed a cup & handle formation on an hourly time frame. Bullish violation of its neckline confirms the significance of the broken structure. We can anticipate a growth on the pair at least to 1.9464 ❤️Please, support my work with like, thank you!❤️
As we monitor the price action we are looking for a break in the current structure before getting active with a direction. We have no GBP news this week. Only USD news to push the narrative.
Weekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch Daily: Consolidation, Inverse...