Hello traders, as per my previous trading plan on GBPUSD, our
sell entry at the 1.2410 zone gave us over 170 pips profit as
GBP/USD fell to 1.2240 levels.
Currently, the price is not in an area where we can execute new
sells. So, my plan is to wait for a pullback and see if the price reaches
the resistance level near 1.24.
If the resistance zone holds, we can...
The GBPUSD is getting closer to the 1.2290 support zone. However, it appears that the market is slowing down in this region, and there haven't been any notable price action reactions or buy signals so far.
We'll have to remain patient at this point. If a buy signal does materialize in this area, we can consider entering a trade.
Additionally, it's advisable to...
Given the Federal Reserve's reluctance to cutting interest rates in the near future, it's evident that the DXY still has room for upward movement.
This leads me to consider the next move for EUR/USD as BEARISH. As you may know, I rely on the DXY to determine the direction of both EUR/USD and GBP/USD.
In addition to what I mentioned earlier about the DXY, it's...
Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BoE Governor Andrew Bailey stressed the importance of maintaining stable interest rates to combat inflation in the UK. Given the repercussions of prior rate hikes, tightening policy conditions could potentially exacerbate inflation and further weaken the job market in the UK.
Earlier this week, currency markets adjusted their expectations for a potential rate cut...
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello traders, in all my past 4 GBP/USD idea, I recommended buying the
dips in GBP/USD. Price was at sub 1.21 levels. If you followed those idea, you
would have certainly made 250-300 pips profit.
Now, as expected, GBP/USD has reached the 100-day exponential moving average
level around 1.24. I expect the price to pullback here. Even in the hourly chart,
GBP/USD...
Selling pressure came back into play for GBPUSD in the recent session as the price got closer to the 1.2400 resistance zone and produced more clear bearish indicators. Nevertheless, the earlier reversal signs, such as the double bottom pattern and the breakdown of price structure, remain intact. Therefore, it's advisable to maintain your current long positions...
Hello traders, in my yesterday's trading idea(idea attached below),
I recommended selling GBP/USD around the 1.2410 level as this
was the 100-day EMA resistance.
As you can see, the price fell strongly after hitting my sell zone. My sell
trades from yesterday are in over 120 Pips profit. I expect price to fall
further. However, I will not enter any new sell...
This is how I would execute my trades after I analyse on the higher time frames to give me the perfect A grade setup that I go for once price enters my POI. On Sunday I posted a GBPUSD break down of price reacting off the 6hr supply, I mentioned that sells could possibly play out on a Monday which it did, so now I'm going to show you guys how my confluences...
GBP/USD Technical Analysis with Sentiment Data:
Current Price and Support Levels: As of the latest close, GBP/USD is trading at 1.23791. It's important to consider that the current price is in close proximity to significant support levels at 1.23784, 1.23141, and 1.22637. These levels have historically acted as robust areas of price support, potentially...
A less aggressive stance from the Federal Reserve caused the U.S. dollar to weaken somewhat in early European trading on Monday, reaching a six-week low and prolonging the previous week's slide.
The Dollar Index, which measures the US dollar against a basket of six other currencies, dropped 0.1% to 104.782 at 03:20 ET (08:20 GMT) this morning. Last week, it fell...
Dear Traders hope all of you had a great weekend, now we have an excellent opportunity to sell GBPUSD. GBPUSD price have dropped significantly now we may see a short term bullish price movement. Once price reach our entry zone area, we can then sell GBPUSD.
hello dear trader
iam waiting for HH on gbp usd after that i open sell position for new LL
price can retest resistance and supourt zone
stop loss need for any position
good lucl
GBPUSD
New forecast
The price perfectly fulfills my last idea
and price reached to our targets +100 pip.
The GBPUSD rose up last week and confirmed breaching the 1.2321 level after closing trading above it last Friday, opening the way for further expected upward correction, recalling that our next target is at 1.2460 and 1.2508.
Therefore the upward trend...
