Looking first at the weekly chart, GU is most likely setting up to form a Head & shoulders pattern (also on the daily). Scaling down to the H4, price has been in an impulse phase (thus forming the weekly''s right shoulder). Price is currently in a correction phase (bullish flag). Therefore, I am expecting another impulse to the upside, which will be followed by a...
Gbpusd is on a strong support zone and it also formed a descending channel with a 3 touch pattern and it is expected to long , wait for a continuation pattern or look for a risk entry with proper risk management
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Hi Traders, GBPUSD on the H4 is in a strong Bearish trend and after the rejection with long wicked bar from the Bearish line of the channel is expected to go lower to first Support which is 1.3726
I don’t think after this long red candle and the long wicked bar before that it...
Hello, this is my analysis of GBPUSD based primarily off the 4H Chart.
This is a BULLISH Analysis, meaning, I do not confidently anticipate for the price to continue bearish towards this levels, from this current moment in time.
This Analysis is SOLEY intended to be used IF the price were to approach, one of these two shown price points WITH ...
The long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of...
GBP/USD has been bullish for a while but that momentum has slowed down as brexit news is anticipated over the next few days.
Brexit news will be a key determinant of whether the market breaks above over below the current support/resistance zones.
GBPUSD 1H-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for the GBPUSD
My idea is that the pair will continue to downtrend
I hope my idea is clear
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Good luck 💰💯