Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Short GBPUSD @ 1.25
TP @ 1.22
SL @ 1.26
Short while we are below the 1.25 Resistance level in GBPUSD. Risk has started to turn a bit and feels as if we could see NYC starting to fade these rallies.
This trade offers a 3:1 RR ratio.
Good luck
Market Price Action Structure is Key!
Technically, In weekly RSI; Its Over Sold; In Daily & 4H its strong bullish divergence!
1. Monetary Policy
At their May meeting, the BoE delivered on expectations by raising the bank rate by 25bsp to 1.0%. There was an initial hawkish surprise as the vote split was 9-0 (no dissent from Cunliffe) and 3 of the 9 MPC members...
The GBP/USD had a difficult performance in April as the strength of the US dollar continued. The pair attempted to recover on Friday but it found a strong resistance at 1.2615. It has now pulled back and moved slightly below the 25-day and 50-day exponential moving averages (EMA). The Stochastic Oscillator moved from the overbought level.
Therefore, the pair will...
GBPUSD hrly long
buystop @ 1.25500
TP #1 @ 1.25809 71.19% wr
TP #2 @ 1.26143 38.98% wr
SL @ swing low 1.24727 20.34% hr
WR and HR Determined from past trades on this pair, on this timeframe.
More trades like this on my profile and on Bifrost trades
GBPUSD hrly short
shortstop @ 1.25376
TP #1 @ 1.25162 70.69% wr
TP #2 @ 1.24767 37.39% wr
SL @ swing high 1.26129 20.69% hr
WR and HR Determined from past trades on this pair, on this timeframe.
More trades like this on my profile and on Bifrost trades
The British pound has had a very rough month for April, just as almost all currencies have. The only currency that seems to be doing very well is the US dollar. The Bank of England has announced that they are not willing to sell off the assets on its balance sheet, so this means that they are not quite as hawkish as the Federal Reserve. If that is going to be the...
GBPUSD is bearish until the buy zone 1.27000.
Then we will follow the price action in the lower time frame and look for the buy option.
If you see our previous analysis we predict this bearish move.
Attached FYR.
Expecting bearish price action on GU as we are in a bearish market strucutre from a HTF premise, price takes out 2 area of buy side liquidity and then quickly reversed with a strong bearish momentum. Market Sentiment indicator tells us that retailers are LONG on this pair and if we apply the contrarian trading approach to the markets we should look for SHORT...
Since the beginning of 2022 high of 1.37, GbpUsd is trading downwards making lower highs.
Now the pair is trading in very important 1.3 support and the pressure is clearly on the downside.
In my opinion, the pair will break this support and can drop to 1.25 in the medium term.
Sell rallies is my strategy for this pair and only the price back above 1.32 would...
GBPUSD is bearish, But It is at strong level of support. Will look for the buy position as per given area and target 100 pips.
Manage your risk, price may go in opposite direction.
GBPUSD has already created a false breakout to the daily trend and close back below. in the new trading week, it is highly likely that it will test the weekly confluence zone will continue to fall downwards in the direction of the major trend.
Please press the thumbs up if you find value in this analysis.
GBPUSD is creating a strong bearish engulfing pattern on an important level of support and breaking to the downside.
A selling opportunity may arise after the candle close.
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Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Monday looks to have set the base for a potential long with London Killzone offering the high and low of the day.
London open we seen manipulation running the asian range buyside liquidity before reversing and taking out the lows followed buy a Sharpe reversal breaking market structure to the upside and setting the tone for the week.
CLASSIC LONDON OPEN...
GBP-USD Retest horizontal support at 1.30085
It is a strong key level
Thus, a local bullish rebound is to be expected
With the retest of the resistance level above at 1.32001
