My short area I have been waiting on for gbpusd shorts. I'm looking at getting another rejection and hopefully finish the daily candle in the red for a nice swing trade to the downside. Remember do your own analysis and make sure it lines up with the way you trade before entering based off what I predict. Also manage that risk to keep consistent
Price has reached a reached a key level and has found support around 1.3600 zone. Possible push to 1.3725 supply zone if no rejections around 1.3650. DXY is currently can't break above 94.50 and currently at 94.00.. Dollar falls. long on Gu. lol
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here is GU analysis for long-term moves... There is a probability for gu sell, Also, all-powerful supply and demand are mentioned in the chart... may this help all...
From a technical standpoint, I've noticed a recent break of structure and price formed a lower high with a retest of level 1.36000. I entered on the M15 when price formed a bearish engulfing and a minor lower high. Overall I would be aware of TP 1 & 2 for any rejections. The overall take profit would be place at the previous liquidity/demand zone (Expected to...
As price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today. Buy on the retest of: Trendline Level 1.36000 Minor Order Block ...
Gbpusd short idea H1 project Wait for breakout channel Lets see that
Since June 1.42 high, GbpUsd is in a clear downtrend. The pair broke under support last week, and after a local low at 1.34 is correcting At this moment GbpUsd is facing strong resistance and a fall could follow The bearish scenario is negated only if the pair manages to break above 1.3750
Price has recently tested the long term bearish trendline and has also tested the 61.8% Fib level. I will be looking to go short on a combination of 3 or more of these confluences: Break and retest of level 1.36000 Break and retest of Bullish Push Line Bearish Structure Bearish Candlestick Pattern Moving Average Crossover Strength on the DXY If...
On the large scale, The overall Trend is still Bearish. However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY; Thus, I will expecting a retracement towards the area around level 1.36000: Confluences at level 1.36000: Previous Flip Zone (Red) Fib Golden Zone (50%-61.8%) (Gold) Test of...
Confluences a. Daily FIB 61.8% b. 4H Trendline c. Broke strong daily resistance d. Potential Rejection on Major psychological level (1.36000) Reminder; this is only a potential short because there is a monthly uptrend structural zone that might become bullish again.
Hello traders, for today’s daily analysis let’s look at GBPUSD. Price retested this major zone and created a double bottom. After that it ran up and made a higher high and higher low. This on top of other confluences confirm the move up. If you like this analysis make sure to follow me for more.
Everybody who is looking to buy GU -- breakout traders, support&resistance traders etc will be delivered by stop-loss activation on both sides as we see price re-distribute at the indicated level towards bottom trendlines and support levels. LTF reversal mandatory to confirm the move.
Reasoning: Good GDP Numbers Actual: 5.5% Forecast: 4.8% Previous: 4.8% Rejection near level 1.34000 Broke and retested consolidation Box
GBPUSD 4H Projection I'm published my long-term view on GBPUSD.
#LONG for a short time period. Take Profit first then wait for a #Short possition.
In my opinion, I still see Buy trade in Higher TF and I consider as an opportunity to entering the market with the combination of SnD and Elliot wave In SnD(Supply and Demand) there is an Orderblock at 1.35000 And I consider trendline which ended near OB in D1 TF which give me more confidence to excute the Order And the last reason there is a Zigzag as Wave 4...