GBPUSD
New forecast
The pound sterling pair against the dollar approached a few points closer to our expected target at 1.2115, and by closely looking at the chart, we find that the recent trading is confined within a falling wedge pattern whose resistance level is at 1.2173, which means that breaching this level will provide a positive incentive that will push...
Price rejected at the trendline and horizontal Resistance level around 1.23266. The price has also broken the structure by making lower lows and lower highs. The price will likely continue going down to 1.18288.
GBPUSD is presenting a nice move back up to the upside as long as it can stay above the last low.
Now of course you may see things differently and thats perfectly fine because price is definitely bearish overall.
Let me know what would you do. In case you're wondering what I'd do, watch the video and let me know your thoughts after watching it.
Be sure to...
The trend doesn't seem to break or stopping anywhere soon. The support is just broken. It will range for few days in the marked zone and then continue down. Take your profit 5-10 pips before the last support marked on the chart. Range traders, you got few days to play with. Good luck everyone.
GBPUSD breaking the nearest resistance. This pair has positive correlation with EURUSD which looks alike price movements. It's now on "QM Buy" zone, consider to looking for buy opportunity.
Safer entry after trendline breakout. It's time to buy?
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Right on spot if you follow this idea last week oct6.
Now expecting below the structure or the liquidity zone.
with proper stops below.
This idea is longterm so higher stops could be manage.
This is not a financial advice.
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Welcome back! Let me know your thoughts in the comments!
** GBPUSD 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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GBPUSD
New forecast
The pound sterling pair against the dollar continued to decline, putting pressure on the 1.2192 barrier. We expect the bearish tendency to continue and achieve negative targets starting with testing the 1.2108 level and 1.2062.
Let us continue to favor the bearish bias during the coming sessions, supported by resistance 1.2173 that formed...
Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target.
The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have...
GBP/USD Continues to Soar: Can the Bullish Run Persist?
The GBP/USD pair is on an impressive streak, notching its sixth consecutive day of gains and reaching a nearly three-week high during the Asian trading session. With the spot prices hovering just below the key 1.2300 round-figure mark, it's evident that the US Dollar (USD) is feeling the heat, facing a...
GBPUSD
New forecast
The price perfectly fulfills my last idea and we get about +40 pip .
The British pound pair against the dollar was able to penetrate the 1.2310 level and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading towards our next...
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.
Hello Traders , this an 15Min entry we still on a bullish Pullback we have to reach a daily P.O.I or at least 4H to reverse or continue the overall Bearish Trend because all this upward movement it just a pullback so this is a great 15Min Setup for price continuation
During this week, the GBPUSD managed to overcome two bearish obstacles - a trendline and CHoCH formation. This strengthens the analysis that in the medium term, the GBPUSD trend has shifted to being bullish. The initial target for this trend is the SND area, which also intersects with the trendline (marked in red).
Hello, according to my analysis of the GBPUSD pair, there is a good opportunity to buy with the pair exiting the descending channel. And breaking the level of 1.22530. It keeps the pair in a positive state and we could see more rises towards the 1.25000 level. Good luck to everyone.
