A head and shoulder pattern is forming on the GBPUSD pair. For confirmation, it should be retesting the neckline and then moving forward towards TP 1 AND 2.
Price seems to be stuck in a consolidation phase ranging between the 1.27873 and the 1.26639 zones. Although on the higher time frame (weekly) price seems to be making higher highs I would rather wait to see a breakout of the consolidation range before taking any position. Waiting is good trading strategy
Disclaimer:
All trade ideas are given for educational...
FX:GBPUSD
FOREXCOM:GBPUSD
Hello Traders, please check out my previous ideas.
This is my first analysis on GBPUSD daily.
If the Pound stabilizes above the yellow zone (crossing the weekly Bollinger midline), the price can climb up to the 1.30 level.
In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can...
August 21/2023,
🚨GBPUSD HIGH PROBABILITY SELL SETUP🚨
* Here we can see clearly the next potential move for GBPUSD in coming hours or days.
* EP(SELL STOP): 1.27079
* TP1: 1.26196
* SL: 1.27549
* Keep your eyes close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
Hello Traders
In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET
today EURJPY analysis 👆
🟢This Chart includes_ (EURJPY market update)
🟢What is The Next Opportunity on EURJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their
GBPUSD moved out of the descending channel and dropped.
Price recovered from a strong support level of 1.26300, and the price action displayed a high number of doji candles, indicating indecision.
The market reached the resitance level, which is a psychological level of 1.2700 and a 50% fibo level.
We expect a move down.
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Since the beginning of August, GbpUsd has been trading in a tight 150 pips range (a narrow range for a pair like GbpUsd).
Yesterday's price action left a nice bullish Pin Bar on our chart which could indicate gains going further. However, for this we need confirmation and this comes with a break above 1.28. In such an instance, the pair could test the important...
Hi Traders!
There is a potential rising wedge here on the GBPUSD chart; however, the market has been trading sideways for the past couple of days.
Depending on its next direction, the market will either break the supply or demand zones. That being said, there is a bearish bias here due to the lack of upside momentum after the big price rejection spikes we had...
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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBP-USD was making a
Bearish correction after
The breakout of the falling
Resistance which is a
Support now and we are
Already seeing a bullish
Rebound from the level so
I think that we will see
A further move up !
OANDA:GBPUSD
GBPUSD is primed to buy from the 1.27061 support where price is very likely to to rebound from the bullish trendline to the next required resistance @ 1.29911.
The daily price candle is expected to close above the EMA-50 which can start an upside movement to 1.29911 resistance.
Leave me some comment below, thanks.
Hello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle.
Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market.
The only concerning thing is the Commitment of Trader report with large specs still being heavily...
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.
