hello dear trader in my price action : gbp rejected from resistance zone , after collect liqidity from resistance zone (1.2970 ) fundamental : Retail sales were flat in June, defying Wall Street's prediction of a decline amid signs of slowing in the US economy. Economists had expected a 0.3% decline in spending, according to Bloomberg data. Meanwhile, retail...
I close the week of analysis with this swing on the pound. Pretty risky setup, but I have a lot of reasons to think it could happen. I don't think the dollar sell-off will continue, it will pick up steam very soon pushing the reverse pairs lower. Always be careful.
After a few days of decline, we see a partial recovery in the pound, all created by a loss of strength in the dollar. Dollar that after a few days of strength, loses ground, but in the face of a new recovery? If this were the case, I expect the pound to gain liquidity and then continue its descent. We'll see, as always be careful!
hello dear forex trader this price action for gbpjpy my structure level on dayli time frame ... price near the price reversal zone between fibou extension 2.618 and fibou retrecment on dayli time frame ... i expect higher high and lower low in 1 h and 4h time frame after confirmation we can open sell position \ stop loss need for any position good luck
Based on the provided chart for the GBP/USD 4-hour timeframe, here’s the technical analysis: ### Observations: 1. **Current Trend**: - The pair is currently in a downtrend, with a series of lower highs and lower lows. 2. **Order Block (OB)**: - An order block is identified around the 1.2700 level. This zone often acts as a significant area of resistance...
Pair: GBPCAD Timeframe: 4H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close...
Recovery euro + dovis usd ent : 0.8432 sl :0.8375 tp: 0.8520
👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCAD for Swing trade. Please refer to the details Stop loss, FVG(Sell Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your...
price is forming a resistance at the top of that level which can hold price and likely lead to a pullback to the trendlines below
The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming...
Pound Sterling: On Monday and Tuesday, all the ideas were sideways and short; the pound was short above and below 1.2730 yesterday, falling around 1.2670, with a profit of 70 basis points, and a profit of 7 US dollars, which is not bad; Today's market: 1: In the daily K, it is also the support of the middle track for the time being, and it is difficult to...
📣 Hello Mates! Our prediction is that GBPUSD will sell from the 1.27350 or 1.280600 area. After that, our sell targets are 1.27500 and 1.27000 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 1.28500 -...
FX:GBPUSD 📣 Examining the pattern of the trend shows that the price movements are developing within the range of the drawn neutral channel. Breaking out of the ceiling range of this channel, which is at the level of 1.2692 - 1.2718, requires fundamental data that will give the dollar a bearish direction. 📣 The ceiling established on February 22, has been created...
As of now, its Already touched their upper level a bit. Now It will come back after touching a resistance which you can see on this Daily chart. If we talk about the weekly trend, then the weekly Resistance also touched and now Trend will Change and market will go down as you can see in the chart GBPJPY You can Short Now From 190.75 And you can set your target...
GBP/USD declines toward 1.2650 as mood sours GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain...
The daily chart portrays the pair as neutral to downward biased, with the GBP/USD hovering around the 200-DMA at 1.2561. a daily close below the latter could open the door to challenge 1.2500, followed by the 100-DMA at 1.2487. Once cleared, that could open the door to test the next support level seen at 1.2374, November’s 17 low. Besides that, GBP/USD takes...
GBP/USD has broken daily extreme low due to a weekly order block therefore we can say that it is in a down trend. It has been in a consolidation period since half way through December and has finally broken out the range taking liquidity to the downside. In doing so it has left a 4H order block and a huge imbalance on the 1H timeframe. It can either go up to the...
GJ might have took out the 30M entry and also on 1D charts looking sketchy but on the W chart the RSI is posting divergence when u look at the 23 Jan 24 equal highs to today im looking for a reversal of the 1D candle within 2-3 lengths to validate the W short.