In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead? Stay tuned for valuable insights, and feel free to leave any questions in the comment section below. Kind Regards, The_Architect
Currently, GBPUSD demonstrates a persistent inclination towards the sell side, targeting the Daily sell stops . Having interacted with an m15 order block, a liquidity void has been filled. Now, a potential retest of the order block is underway, with price currently trading within a rejection block. This setup may serve as confirmation for further selling...
H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Currently, the Institutional Order Flow on GBPUSD remains bearish , indicating a continued pursuit of premium trading points such as the H1 Bearish Order Block . Smart Money is likely to engage in selling at these levels to capitalize on price movement towards discount prices. My anticipation revolves around the mitigation of the H1 Bearish Order Block,...
Yesterday, GBPUSD witnessed a resurgence in its Bearish Institutional Order Flow, signaling an objective to reach the Daily Order Block , identified as my Draw On Liquidity for the day. Currently, I foresee a retracement back towards a premium m15 inducement order block. Notably, there are Buy Stops positioned below it, potentially utilized by Smart Money...
My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue. Therefore, I'll be patiently waiting...
Currently, there is bearish order flow, with lower highs and lower lows being formed on H4 timeframe. A throwback to the support-turned-resistance zone at 1.2700, which coincide with the 61.8% Fibonacci retracement, and a break below downside confirmation at 1.2600 could provide the bearish acceleration towards key support zone at 1.2500, which coincides with the...
GBPUSD successfully breakout its trendline and now moving down. Every resistance is good opportunity to sell it but make sure DXY also moving to upside.
DXY is strong against the sterling pound. I think EURUSD will rise little bit more and will go to resistance, sell only if you got a rejection otherwise don't trade.
On the H1 timeframe, prices are ranging between 1.2300 and 1.2420. A pullback to the 1.2420 level could present an opportunity to ride the drop to the next support zone at 1.2300, in line with the 78.6% Fibonacci extension. Stochastic RSI is in the overbought region above 80, and price is hovering near the top of the Bollinger Bands, supporting our bearish bias.
On the H4 timeframe, prices have broken above the resistance zone at 1.2300, which coincides with the 78.6% Fibonacci retracement. A throwback to this level would be a downside confirmation, providing an opportunity to ride the drop to the next support zone at 1.2100. Stochastic RSI is in the overbought region above 80, which also supports our bearish bias.
Gbpusd - Daily - Uptrend is over on this pair and the bear hook is nearly complete.. expect a sharp sell off in this pair in the coming weeks and months possibly down to parity as dollar resumes its rally.
The GBPUSD is on Supply zone. Keep an eye on Dollar Index if it is rise then take sell opportunity.
On the H1 time frame, prices are facing bearish pressure from the resistance zone at 1.2230, in line with the 38.2% Fibonacci retracement and a pullback to this resistance zone presents an opportunity to play the drop to the support target at 1.2110. Stochastics is testing resistance at 95.66 as well where we could see further downside, in line with prices.
As we all knows that US Dollar Currency Index is getting stronger as America again considering to increase the interest rate. If it happened then we can see more fall in GBPUSD.
As we all knows that on Friday GBP fell badly and I believe its journey will continue to the next coming week. Better to look sell opportunity on it if Monday candle shows bearish trend.
GBP/USD Long term bearish. Looking for a good setup to place order for Sell, The target would be 1.33419
Looking for the pair to continue short. Selling the retest. Bearish divergence on 1h 4h