Breakout on 1H is underway, i f it develops fully at the close of the candle, I will be going short at the retest...Targets on chart.
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Trading Setup:
There is a Trading Signal to Sell in GBPUSD Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 1.2095
⭕️SL@ 1.2139
🔵TP1@ 1.1917
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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Price has tapped into my HTF supply/order block area, then price proceeded to react and break past the last demand area now shifted to supply (marked D2S).
Will be looking to sell from my area of interest. (Price can also go onto to react from my extreme supply/order block area as there was a D2S shift there as well)
Let's see what happens...
After GU rejected my price mark at 1.21600 (supply zone). i'm looking forward to GU closing below 14th's June low at 1.19200 (fibonacci wise and double top formation)
The British pound struggled to float above the 1.20000 area before the end of last week's trading session to keep the hopes of a reversal pattern hanging. In this video, I explained in detail how to take advantage of either possibility during the new week with updates coming up in the early hours of the new trading week...See you soon!
Risk Disclaimer:
Margin...
British Pound is moving in an Ending Diagonal Pattern , and it was able to end its main wave 4 at 1.4251$ . So now Pound is running in main wave 5 . And I tried to show you the end of the main wave 5 in my chart:
Where is the end of main wave 5 ❗️❓
🎯 Target 1 🎯: 1.1383$ until 1.1324$ ( Cluster of Fib ) at my TRZ (Time Reversal Zone).
🎯...
GBPUSD has tested the resistance zone and fall back sharply. We are expecting the price will break the resistance on the next go.
Buy on the dip is suggested as long as the price is above the rising support line.
Break below the trendline will call for more bears in the hunt.
Trade your levels accordingly.
Dear traders, GBP/USD has been unable to break the dynamic resistance on the 4-hour chart.
Hence, the bears now have the upper hand.
Minor support at 1.2160 exists, which if broken could open the doors to 1.19
As long a price is unable to break the dynamic resistance in the 4H chart, I would prefer to
sell the rallies in GBPUSD.
I have already sold at 1.2280...
Dear traders, as I predicted in my previous ideas, GBP/USD rose more than 450 pips
from the 1.1950 level. Currently, however, price has dropped quite a bit.
Currently, GBP/USD is in an untradeable zone . So, I recommend traders to wait for
price to hit a demand or supply zone before trading.
If bearish price action is formed at the 4H resistance near 1.24 then...
Hi Traders, pair within a bullish flag if a price broke a falling trend line and close above 1.23100 i expect rise to 1.24400
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w; bearish
d; bearish
4h bearish
for any short trade, I am looking for the price to go below the structure and the support zone breaking with an engulfing candle and staying below the emas
then ill go down to the 1h for entry signals = below the ema's and a break with an engulfing candle
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Hammer formed at 30 jun, after that bullish rally
then bullish engulfing canlde on HL formed.
HH, HL created
Entry at 1.21360
TP 1.21641
SL 1.21080
RR 1:1
