As we forecast so the market is doing . Maeket is going bullish and remeber to use risk money management
I would prefer to look for shorts as im more bullish with the jpy, however if there is a rejection and another 4 h close above the blue line meaning it will have had a break and retest on the 4h then i would take the entry. Alternatively if that fails and it breaks back into structure with a 4h close below the blue line and a retest and a lower low on a smaller...
very bullish but need to see a break out of structure with a 4h close above structure and a higher high on a smaller time frame to look for entries. Alternatively I would look for a pull back and rejection from the bottom of structure with a 4h close
GBPUSD has made a double buttom around pyschological level of 1.27500 show that market might continue moving up. Look at overall chart we can see that whole trend is up so that there is higher probability that price will go up. So it expected to buy at buttom of the the candle set stoploss below the buttom and target a profit at pyschological level of 1.28000
Here on 1 hr timeframe gbpusd has made a robound around psychological level of 1.27500 and making a bullish so it expected to buy around the pullback and set stoploss below the last sell candles then target profit should be around psychological level of 1.28000
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📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the...
Hello Traders! As you can see, we have a confirmation of the retracement from the level marked in the previous analysis. Congrats to those who executed the trade! Wish you a nice weekend! Follow, like, and comment to see my next ideas: www.tradingview.com
The Pound Sterling (GBP) has surged against the US Dollar even in the face of all components of the United States Nonfarm Payrolls data for December surpassing expectations, indicating improved market risk appetite. However, the GBP's strong position may not last as investors anticipate tough decisions for Bank of England (BoE) policymakers, who are facing...
Central Bank Meetings: Bank of England Monetary Policy Committee (MPC): This takes center stage on Wednesday, January 10th. A 50 basis point (bps) rate hike is widely anticipated, but the market will be looking for any hints about the future trajectory of rates. A more aggressive tightening path could strengthen the pound against the dollar. Economic Data:...
We have an incomplete bullish flag pattern since the past 2 weeks, another flag pattern formed this week, showing bullish possibility. I expect price to test the support zone and the 50EMA and then move bullish to 1.27710 as our take profit zone.
GBP/USD: Forecasting the Week Ahead Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar. Given recent developments, traders shouldn't be surprised if central bank communication takes a more hawkish stance, signaling...
Hello Traders! This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed. If confirmed, I will execute this trade, taking into consideration the weakness of...
GBPUSD also continues to accumulate in the range area, unable to establish a new high and confirm the continuation of the uptrend, however, the bullish structure is still guaranteed so the overall outlook is still bullish, You can continue to hold your existing long positions and place your stop loss below 1.26, we will only abandon this strategy when this...
Bullish scenario, expecting higher prices for GU looking to see old highs gets taken
Daily Chart of GBPUSD remains on bullish trend channel It is within a trading range where strong support is seen at 1.2614. The support is also near 61.8% retracement. Entry Price: On Market Target Price: 1.3030 Stop Loss: 1.26 Reward to Risk:2.68
Here the market has touched a psychological of 1.2700 and now made a correction so it moved up and need a retest again at level of 1.2700 to continue it upward movement so going for long is needed. It is expected to buy at level of 1.2700 and target profit at level of 1.2800
The buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around...