GU is finally approaching a zone that I have been waiting to see it react to. The Dollar is very bullish so I'm expecting to get a nice sell opportunity in this area. To see it moving bullish now during Asian range it builds my anticipation for seeing some bearish action for London. Sitting on hands for now.
In today's trading session, our focus is on GBPUSD, where we are monitoring a potential selling opportunity around the 1.27100 zone. The currency pair, which had been trading in an uptrend, has recently broken out and is currently in a correction phase, nearing the retrace area at the 1.27100 support and resistance zone. Adding a fundamental perspective to our...
Weaker inflation, higher unemployment and gloom from policymakers. The fall in inflation is not the only issue holding the BoE back from hikes. BoE’s decision to pause and the probable end to policy tightening represents a loss of interest rate support Price breaks the channel now, its Good chance to sell now. Thank you
GBPUSD May get back to 1.29 soon after a strong rejection to the upside on the 8/4 hours charts.
Upon bad inflation results, the price of EURGBP might retrace once more to the 0.85 levels soon, I believe
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85800 zone, EURGBP did broke up the 0.85800 support are and now we are watching a potential retest of that low. Trade safe, Joe.
Now GU has shown us that it is ready to move bearish. Now looking for a decent pull back for entry on a position. Hoping that we can get for London so a possible nice Sell opp coming for NY session.
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.08600 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 185.200 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 185.200 support and resistance area. Trade safe, Joe.
Thanks @oktane for this GBPAUD trade!!! 🤩 INSTITUTIONAL SELLING RANGE (ISR) @ 1.9125 RESISTANCE @ 1.9050 TP4 @ 1.9015 (closing ALL Buy Orders) TP3 @ 1.8875 (shaving 25%) TP2 @ 1.8785 (shaving 25%) TP1 @ 1.8650 (shaving 25%) BLO2 @ 1.8540⏳ BLO1 @ 1.8466 ⏳
Continuing to consider the pound in a short direction, the main targets in the form of daily equal lows have not been reached yet. I prefer not to trade outside of OTT, but will seize market opportunities if presented.
1.) monthly candle formation bearish 2.) weekly resistance level 3.) daily liq. 4.) 4h divergence 5.) holding 4h level 6.) failed for higher high 7.) strong 4h liq.
Safe to say I'm simply using technical on the move made by gold. I typically look to trade the inverse of Gold when the move happened before I cold catch it. ( not 100% fool proof)
Everything lines up for a great sell opp. But I need to see a nice pull back for entry and a high made mid week in order for me to be interested in selling. Im watching orderflow and all is lining up so far. Will wait for news before pulling trigger.
A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
Analysis of the British pound against the Australian dollar currency pair The market is in 5 ascending waves, and by completing the 5th wave, the ability to correct downwards will be provided Resistance range 1.91550 and 1.92000 The important number is 1.90300 Main support 1.88500
This is a moment I've been waiting for. As I have been monitoring GU On the Yearly chart looks like price spent all of 2023 Retracing and 2024 will be a very Bearish year. So we are starting off the year right getting in to move with the trend!
Factors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like...