Hello. After the pullback is completed, I expect the price to correct at least 50% of the previous move
After finding strong support under 1.32, GbpUsd has started its ascent and has broken above very important 1.3370 resistance. A short period of consolidation followed with the pair trading in a small flag. Now GBP seems ready for a new leg up and swing traders can target 1.36 very important resistance Interim resistance is at 1.35 zone. I'm bullish as long as the...
Hello. After the failure of the specified level and the completion of the pullback, the price rises to the previous ceiling
BIG MOVE LOADING on this chart as price is accumulating a lot of positions both long/shorts before FOMC release this evening. The retail heard is long on this pair so that means during fomc we probably will see bearish price action What do you think ? Comment below..
Recent trend Now GBP is trading in the area of record lows. Investors are in no hurry to open new positions ahead of meetings of the world's leading regulators. Today the US Fed will hold a meeting, and a block of statistics from the UK on the dynamics of consumer and production prices for November will be released. From the American regulator, market...
buy at prz level and deep of up trend. we can risk5% of our balance,all of markets have own risks and we should manage our risks dependsd on our balance
Hi TRADERS this is my trade set up for the GBP/USD for the new week ahead so i am expecting a pullback to the order block zone and will be looking for a BUY trade only look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for...
GBPUSD seems a little quiet on the lower trading levels, and the Stochastic RSI is looking positive. Strategy is either wait for break 1.3280 area, or buy at the current 1.3247-1.3250 for a move towards 1.3475. The stop-loss to be around 1.3140 for now.
cable upside might be at play support at 1.32880 must hold for the upside set up to play out
UK New Omicron Cases Omicron will be the focus among investors and policymakers this week. The new variant was announced on Friday, pushing more countries to announce restrictions from South African countries. The UK was among the first countries to announce that it will restrict travellers from South African countries. The UK confirmed three new cases of the...
This is one of my favourite pairs. After 1 successful week, let's go for the second week. It is the last days of November, there is a lot of indecision in the market. This is a Flash Trade. Risk 1% of your account equity. SL 1.33070 (35 Pips) TP1 1.33770 (35 Pips) TP2 1.34070 (65 Pips) Traders, if you like this idea or have your own opinion about it, write in...
GBPUSD has been trading inside the given parallel channel since February 2021 . it recently reached one of the significant support zone and is now ready to get pushed to the upside . My final Target is the support zone of 1.34849 after which i expect the downward movement to continue yet again !
Price has been in a downtrend and it has tested the bottom of the channel, now waiting on price to break through resistance to confirm move back to the upside before committing to the move.
I base my analysis off indicators and tools that tells me pin point areas to buy and sell at
Dear traders, I expect GBPUSD to be going up from here. Movement is looking really good.
GBPUSD at the moment is facing a strong descending channel; a negative period powered also by the discover of the new COVID 19 variant found in South Africa. This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and...
Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!