Hello Traders; Hope you doing greats . for this week I think we'll probably see a downward correction in GBPUSD and after that we can take a long position at Blue zone . if this post was helpful, please like and share.
The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement. It's widely anticipated that rates will remain steady at 5.25%. Consequently, attention is likely to be directed towards the voting split among the nine-member Monetary Policy Committee and the accompanying commentary, as these factors could...
This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone. If price fails to reach the daily supply, it might...
MUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate...
GBP-USD is trading in an Uptrend and the pair broke The falling resistance Which is now a support Then made a retest and Is going up again so I think That we will see a further move up!
There is support at the previous low position, you can trade long, two TP points, 1.250 and 1.253
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar...
I was expecting a retrace on GBPUSD and here you are. The limit order i shared some days ago worked perfectly and we easily made 90+ pips with one position only, and also the first entry is in profit. I am break even with both positions, and i am holding the trades till the support zone i drawed on the chart. There i will looks for a reversal pattern to enter long
GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals. Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then...
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price...
Greetings Traders, As we anticipate the NFP news, there's potential for a bullish draw in the market. GBPUSD continues to exhibit bullish institutional order flow, suggesting a move towards the H4 Buy Stops and the Weekly Bearish order block, serving as liquidity draws. Currently, I'm eyeing a buy side draw off the m15 order block, where I'll be seeking a...
📈 Trading Alert: High Impact Dollar News Incoming Today on the Dollar!!! Friday NFP Market Insights: Prepare for significant market movements as we delve into High Impact Dollar News & Today's Trading Analysis! Today, anticipate major announcements like Unemployment Rate and NFP. Join me as we analyze today's trading ahead, exploring potential market movements...
The dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed...
Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan...
Hello Traders, We're currently eyeing a Power of 3 setup on GBPUSD. After manipulating the Asian session low, we anticipate a rise during the London session following the clearance of sell stops. The current draw on liquidity manifests as the relative equal highs, indicating the H4 Buy Stops. I'm considering a confirmation entry with the stop-loss set at the...
Greetings Traders, In recent times, I've observed a consistent bullish momentum driving GBPUSD towards the H4 Premium buy stops and, ultimately, the Weekly bearish order block. As we commence this week, the confluence for these bullish objectives remains intact. Presently, GBPUSD is experiencing a temporary bullish institutional order flow, reinforcing our...
As per my system, i received some confirmation that makes me confident about a short entry here on GBPUSD. This setup is high risk, and personally i incresed the RR reducing the stoploss, but i shared this ideas with lower RR to avoid spikes. Good luck
Greetings Traders! 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...