As salam alaikum Critical Zone 1.375 seems to be M,W,D rejection point. Still trapped in Rising Wedge on W,M TF. We can see another Bearish Channel on D TF. 1.375 seems to be rejection zone as consolidation can still be seen but the way F.A are playing, We can expect strong bullish movement. F.A Review: Despite Dollar strength , GU is pretty much bullish as BOE...
WAITING FOR CANDLE CLOSE , GBPUSD MAYBE GOING FOR LONG . Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
In the 240-minute chart, the structure of all waves is in triple format, which indicates the end of the existed trend. Previously, there was the possibility, that the Diagonal pattern completing in the range of 1.3736, but with price retracement and the created uptrend, it is possible, this pattern at wave C from point iii forming a Diagonal pattern. According to...
Open position after the breakdown of the level. Locally downtrend. I talked about shorts in this idea.
GBPUSD Multilevel Support Zones are there upto 1.35000.....I am Waiting
GBPUSD, has a Strong Price Rejection and Break out Strong Resistance! Trade when the Price action tells!
As salam alaikum Critical Zone 1.375 seems to be M,W,D rejection point. Still trapped in Rising Wedge but on verge of breaking out. but another Falling Wedge can also be seen on lower TF. Monthly candle has closed and it's strong "Hanging Man CandleStick". Indicating a reversal. GU will be Bullish once 1.36-7 zone breaks above and holds for another week...
Short position gbpusd Analysis waiting for reversal signal...,. FX:GBPUSD
I think we are still going to see some more upside to this, I am looking for a short but we have broken resistance and the next area is clearly above
We saw GU hit is trendline and get rejected, i think we are due to see one more test of reistance before we see a pullback to support
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money...
broke through the level. There is no reaction from buyers. It all started to look like a false-break. local vision: Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Thanks for your support!
Going short of GU like a rollecoster..trade safe and be Blessed
Hi Traders, I am waiting that price can make new uptrend and break this level soon. If this will happen we can open long position targeting to 1.38500
I believe we are bearish on GBPUSD this week so we will need to see a break in stucture before shorting this pair, I am waiting to go long once price reaches support
After a long time of back and forth movement, I would like to think this pair is ready to cover some downside. If you pay attention you will see that the strong resistance has been purged a number of times suggesting banks have enough liquidity to create a strong move.