This pair is entering a correction period, we don't need to be confused about how the correction model will occur, just focus on taking opportunities where we will go short. as long as the price does not penetrate more than the invalid area, it is likely that it will remain bearish
Hi Traders! We have a bear channel setup here. The market has been slowly drifting down. We can see this with the price action showing lower highs and lower lows, resistance swings have been getting lower. We are looking for a momentum break and close of the 1.24145 level. If this happens, the psychological level of 1.24000 is the next level to watch out...
According to the previous analysis, when the price drops more than the red line, there is a high probability of a reversal. I readjusted wave analysis notation. Corrections that occur can occur simply by looking at the current bullish DXY analysis conditions. I am looking for an area to sell with the upper limit of the invalid area, when the price suddenly rises...
Fundamental Overview of me Last week, GBP/USD suffered a loss of almost 200 pips. However, the new week has started on a positive note for the pair as it has made a recovery towards 1.2500. As there are no major data releases planned, the pair's movement for the day will depend on the risk perception. During the second half of the previous week, GBP/USD was...
after today GBPUSD experienced a period of consolidation in the Asian session, and in the European session the price moved down and then rose again more than the Asian session, there seems to be manipulation here, most likely the distribution period will occur in the NY session,
Hello Traders, today we have a cup&handle formation on FX:GBPUSD targeting an 80 pip movement. Entry, stop loss and take profit on chart.
a bearish channel formed on the 15-30m timeframe, During the Asian session, accumulation occurs, usually during the European session there will be a distribution session, most likely a bearish one will occur
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. My point of interest if price take sell stop liquidity and rejects from bullish order block. Like, comment and subscribe to be in touch with my content!
Let's have a look at 2H TF, after analyzing Daily TF. Sharp bullish movement expectation.
Taking a look at the GBP/USD daily chart, it seems the price has reversed. At present price has dropped more than 250 pips from its high of 1.2677. It seems all set to drop further to 1.2280 which is the first area of support. However, at the current price level, I would not recommend opening fresh sell trades. Instead, it would be safer, if we wait for a...
Confluences: 1 HR cross above 10 EMA 15 MIN 10 EMA crossed 50 EMA to upside Bullish reaction @1.2450 support level Happy Trading 😁📈
I can see a clear bullish market structure in higher timeframe. Price is in Daily Demand right now. If price gets rejected and moves in another direction, we can see a posible bullish scenario.
Until now this analysis is still valid, we are just waiting to see if this pair will continue to be bullish, or if it's time for a reversal. There are several parameters that must be passed for this reversal to occur, wait patiently.
Hello Traders, FX:GBPUSD is on support and can bounce to target 1.256. This is an intraday idea. Thanks
Buy Stop: 1.2540 Stop Loss: 1.2490 TP-1 : 1.2590 @ 1:1 Risk / Reward Ratio TP-2: 1.2640 @ 1:2 Risk / Reward Ratio
The price perfectly fulfills my last idea and it went down to support. The market broke through range zone and made new extension up, I think price may go up because price is gaining bullish momentum by updating swing highs.
Fundamental Overview The GBP/USD pair has fallen below 1.2600 early on Thursday after reaching a peak of 1.2680 on Wednesday, marking its highest level in a year. In the short term, the technical outlook for the pair appears bearish, as attention turns to the Bank of England's policy announcements. The US Dollar weakened on Wednesday following the release of...
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.