Waiting for a break and retest of 1.26272 to short GBPUSD back to key Daily level at 1.24481
If you agree drop a like and if you have any questions leave a comment :)
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...
This week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most...
GBPUSD is trading in an ascending channel, making higher highs.
The price is trading near the psychological support level of 1.27000.
Price action printed a bullish harmonic pattern, and it's creating an AB=CD pattern as well.
We expect a buying opportunity at the confluence level: bullish harmonic pattern and a 50% fibo level.
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GBP/USD holds above 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located. In case this level stays intact as support, 1.2760 (static level) could be seen as next resistance before 1.2780 (static level) and 1.2820 (end-point of the latest uptrend).
If 1.2700 fails, technical sellers could take action and open the...
In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD,...
Hello everyone ...
price is in range on short term time frame for long time now its time for decision if price will continue short term buy trend or old sell trend of weekly and monthly...
Use good RISK management only thing important in Trading is how you manage your trade...
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.. good luck..
Overall, this pair is bullish as we understand that the pound has always had the edge over the dollar. Price now trades in a tight consolidation and awaits a break-out. I see this pair breaking out soon and reaching resistance 1.45 in the near future, and beyond that to 1.7. This is the kind of trade you execute and delete your trading platform for a good 3...
Looking into GBPUSD from an overall structural perspective we can see that we’re currently trading within a consolidation forming on our higher timeframes so currently our trading is focused more around the key areas within the consolidation while we wait for the market to choose an overall direction on a larger scale.
Now taking from the above statement we can...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
Here I present my daily idea for GBPUSD which could provide us with some nice short and long opportunities. I feel that if we break the current trendline to the downside, we will see a drop to the 1.25 region. From here, we can take a long trade during the retrace. When the head and shoulder structure looks mature, we can look at taking a second short towards the...
My short-term analysis of GBP/USD. Enjoy ;)
I believe we have broken from a rising wedge, and currently experiencing a brief pullback to the upside before a continued downtrend. ;)
ANALYSIS TODAY: GBPUSD stalled during the weekend session, still stuck in range. Reiterating that although it was not possible to make a higher high in the past 1 month, the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold the existing long positions and still place SL is below the 1.26 resistance level.
Indicator is used:
-...
GBPUSD is currently trading in an ascending channel, creating a bearish harmonic pattern.
The market is testing the upper border of the channel and the major resistance level.
We expect a bearish move since harmonic patterns work greatly in consolidating markets.
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Share your opinion in the comments and support the idea with like. Thanks...
Traders in the pound market are betting on continued inflation due to a slowdown in retail sales as the Bank of England nears its next interest rate decision. The pound has recently strengthened against the euro for four consecutive weeks, and has strengthened against all G10 currencies this year except for the stronger US dollar.
Investors have increased their...
HELLO TRADERS
GBPUSD is showing us rejection here on 4H TF as it had created a double top so we are expecting a drop till design levels after retesting and rejection this zone again our Risk Reward Ratio is fantastic on this trade let's see what markets bring to us it's just a trade idea on base of technical analysis share Ur thoughts with us on this pair in...
My potential setups you see on chart.
2 options
This is not recommendation ;) Just my view.
Remember about risk no more than 1%
Usully I use 3 or 4 orders with TP1-TP4
Minimal Risk reward is 1:1 NOT LESS
