GBPUSD approaching the critical resistance level and expect a pullback rejection from there
In my analysis of GBPUSD, I have identified a bullish outlook with a potential target at 1.29078 & 1.29785 GBPUSD has been exhibiting a series of higher highs and higher lows, indicating upward momentum. The recent price action suggests a bullish bias, with the pair gaining strength against the US dollar. Remember to set appropriate stop-loss orders and manage...
GBPUSD is still in accordance with the last analysis. the trend looks bullish. now the price has reached fibo expansion 1. the length of wave 5 is the same as wave 3. if the price today can form a new HH, then there is a high probability that the price will form a bullish continuation again.
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.
GBP-USD has reached the Horizontal resistance Of 1.28400 from where I think we might see A bearish pullback!
Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
gbpusd is in Uptrend where i marked area as we can see Huge candle with imbalance also Gbpusd making Descending Channel That shows market Pullback from that side,, if this post is usefull to you , plz like and comment for support
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.
Dear traders, if you look the daily chart in GBP/USD, the last few candlesticks indicate that the bullish momentum is fading. Wicks at the top of the last three candles indicate mounting bearish pressure. Based on this, we can consider sell entries in GBP/USD@1.2730-1.2750 with SL above 1.2780 and TP at 1.2460 .
there is a possibility that wave 4 is over, prices could return to bullish in the near future. seeing a fairly thick bullish candle, in the last 2 days, could be an early indicator of a bullish moment.
GBPUSD having bullish divergence on 4hr chart if it plays then it will be bullish and f dilluted then bearish.
After the recent high just under 1.29, GbpUsd started to drop, however, this drop hasn't altered the bullish trend that started at the end of May, and on Friday the pair reversed just from the trendline support. The pair could resume its up move, but considering the price staled at the falling trend line resistance, confirmation is needed. I'm slightly bullish as...
Here is my analysis for GBPUSD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
price is currently at strong support, D1 support and SnD H4. there is also a bullish rejection candle. however there is no sign of bearish weakness yet. there is still a possibility of prices heading to the 0.382 fibo area where the area is also the SR Flip area.
the price at the close of the week was in the daily SnD area and right on the SR Flip. if you look at the pattern that occurred, it could be a diamond pattern. it is likely that the price will rise again with the invalid area limit below
GBP/USD closed at the 1.2716 level. Based on my limited knowledge, the support area for GBP/USD is at 1.2700. If it breaks, the market may move towards the next support area at 1.2600. Similarly, the resistance area for GBP/USD is at the 1.2775 level. If it breaks, GBP/USD may reach 1.2850. Keep an eye on these levels. If a candle rejects the resistance area, you...
Currently the price is forming a bearish channel, sometimes I call it compression. usually if there is price compression like this, it will look for the strongest support area before continuing the impulse wave. if you see the red area as daily support & fibo retracement area that intersects with each other, then there is a high probability that the price will...
From a straight forward technical analysis, the resistance that we have been fighting is a weekly area, but the direction is still strongly on the bullish side. Keep it simple so you can get your job done faster. Silent