Considering the volume and price movement, one can expect the price to move towards the specified range with an appropriate level of risk
as we said in the the price of GBP will be bullish to reach 1.2985 and already get it there, and this is after the Governor of the Bank of England says we will increase the interest rate till inflation Get 2% again and the inflation of the USA will impact the movement today especially if released under the 3.1% so now the direction has a bullish trend but it...
GBP/USD remains in a strong uptrend on the daily chart, although prices began retracing on June 16th. We're now looking for momentum to revert to its bullish trend. Whilst prices failed to hold above May high, they're now back above them having formed a 3-day bullish reversal pattern (Morning Star). A small bearish inside day formed due to the 3-day weekend in...
gbpusd is in Uptrend where i marked area as we can see Huge candle with imbalance also Gbpusd making Descending Channel That shows market Pullback from that side,, if this post is usefull to you , plz like and comment for support
Analysis: Price last week managed to put in a new higher high showing us that we're in an upwards trend meaning that we only want to be going long on this pair. At this level we saw that price held as support if we look left so we expect that it will hold again. Now for this particular setup we don't have any fib levels which we usual look for but we do instead...
(Monthly Chart)BXY retest MA 200 resistance near to 128.79. Failing apart would retracing to point: 124.47 (major support 1) 121.47(major support 2) Patience is key for GBPJPY breaking another new highs!
the price is currently goining up. poeple think the orderblock is filled. we will see 1.26 this week. try to buy around here. we wil quickly respect the fibbo 0.618 level after hitting 1.26
GBP/USD has pulled back from its highs and looks like it wants to build a base above the May 2022 high. An inverted hammer formed on the daily chart around the 10-day EMA and momentum has turned higher ahead of the European Open. The near-term bias remains bullish above Friday’s low and for an initial move to 1.2800 or around the 1.2850 highs. A break above...
hello my friends.the direction of trend is long in weekly daily and 4h. so we wait for reason in smaller time frame to open long position in the demand area.good luck.
Hi I hope you have made money from the previous analysis. In the chart, as you can see, in the 30m, we see a beautiful head and shoulders, which can climb up to 1.1425 if the neckline of 1.1414 is broken. And if it reaches 1.1374, this analysis is invalid.
-Bounce Rejection on support level signalling the continuation of the downtrend after profit taking -Entering next negotiation zone -Stop Above the bear candle -Take profit on the opposite zone 2.43 r/r
Analysis: Looking at this pair we're able to see that price is making a move to the upside. This is confirmed when we take a closer look at price and we can see that price is forming a series of higher highs and higher lows which confirms our bullish thesis. Currently price is sat at a key level which has held as both support and resistance in the past so we...
Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its...
Analysis: Price was in this beautiful downwards trend until recently where we saw a break of that trend. Price managed to break with a strong daily candle signalling to us that there could be a possible change in the trend direction. Price has now pulled back to a key level which has held multiple times as support and as resistance so we expect that it will hold...
GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the...
GBPUSD CHART ANALYSIS POSTED ON WEDNESDAY 07 JUNE 2023 Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
Shakeout Absorption Confirmative Comeback to the zone Stop loss below support area Take Profit on the other edge 3.63 r/r
GBPAUD - 24h expiry Previous support located at 1.8700. Previous resistance located at 1.8800. Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8650 (stop at 1.8599) Our profit...