GBP/USD:Unraveling the Impact of UK Wage Growth Data The Pound Sterling finds itself at a crossroads following the release of disappointing UK wage growth figures for the quarter ending November. Despite steady employment levels, the looming economic challenges cast a shadow on the currency's performance. A risk-off sentiment prevails, further intensified by...
HELLO FRIENDS! GBPUSD on daily TF showing us holding a strong support zone we are expecting a little retracement and then we can join the bull rally BOE is keeping interest rates higher which is showing a strength in currency after a big drop from BREXIT till now friends its just an trade idea shares Ur thoughts with us it helps trader community. Stay Tuned for...
Very Messy price Action, and am long bias as I believe that gbp is the stringer currency. In order to take this I would like a rejection from bottom, ideally via a break and and pull back back into structure with a 4h close and a higher high close on a smaller time frame for a long back to the top of structure. Alternatively if a pull back doesn't occur then i...
Overall bullish trend for Cable, which has presented a correction opportunity off the daily. Moving lower implies an obtuse support to break, making it a tough call for further downside potential. Longs of current 1.27200 allocates very poor risk to reward - this implies a better ratio off buying the impending dip toward 1.26700 .
POUND has reversed from its higher time-frame supply zone, wait for the market to approach the POI to initiate short trades. Happy Trading
POUND is gathering liquidity, wait for the price to hit the supply zone for a good short position, confirm your entry in Lower timeframe, i.e 5 minutes. As price is currently following a bearish trend this is what i though the market will do. Happy Trading.
Here is my idea on GBP USD. Trade confluence 1. Head and shoulders Pattern 2. Bouncing from the Neckline to retest the broken bearish market structure creating a LH 3. We are waiting for double top to complete at the reset level for entry short. Maybe Not?
AUD USD has broken a bearish market structure, we need to wait for a retest to get an entry.
The GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is...
The dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of...
This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly...
GBPUSD has made a double buttom around pyschological level of 1.27500 show that market might continue moving up. Look at overall chart we can see that whole trend is up so that there is higher probability that price will go up. So it expected to buy at buttom of the the candle set stoploss below the buttom and target a profit at pyschological level of 1.28000
GBPUSD increased slightly in the previous session and is cautiously heading towards the peak of 1.28. Although the buyers have not yet shown dominance again, the prolonged accumulation price range in a main uptrend is a good sign for bullish bets. Brothers continue to hold existing long positions, targeting around 1.30 and SL below 1.26.
Here price has go up and made come down then made a retest . So is expected to sell at zone mark red and take profit at the zone mark green. Apply risk management
GBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to...
Hello, according to my analysis of the GBPUSD pair, the market appears to be in a negative state. With the pair breaking the pitchfork tool, it also broke the 1.26500 level, which is considered strong support. Which indicates further decline in the coming days. good luck for everbody
This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located...
The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the...