Dear traders, we have the probable formation of a double bottom pattern in the daily chart. In addition, we also have a bullish reversal candlestick in the daily timeframe. A combination of these two factors gives us a reversal bias in GBP/USD. As per my previous trade idea, I have bought GBPUSD@1.2090 with SL below 1.20 and TP at 1.2350 is on my mind.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
GBPUSD D1 We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again. Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
Dear traders, we have the probable formation of a double bottom pattern in the daily chart. In addition, we also have a bullish reversal candlestick in the daily timeframe. A combination of these two factors gives us a reversal bias in GBP/USD. A potential long entry in GBPUSD@1.2080-1.2110 with SL below 1.20 and TP at 1.2350 is on my mind.
Despite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Hello traders,The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2100 barrier, reinforcing expectations of a continuation of the downward trend during the coming period, and the way is open to achieving our expected negative target at 1.2049 , noting that breaking it will extend the bearish wave to reach the 1.2000 areas in the...
Trade Details Buy Limit Entry: 1.21505 Take Profit 1: 1.22117 Take Profit 2: 1.22882 Take Profit 3: 1.23374 Stop Loss: 1.21318 Key Notes Order flow: Bullish Trend: Bullish Structure: Broken Entry at Golden Zone Disclaimer: This is just a sample template and should not be used as financial advice. Always do your own research before making...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
hi dear trader gbp ready for testing the strong resistance this trade is risky stop loss neeed for any position good luck
GBPUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. Indecisive price action has resulted in sideways congestion on the intraday chart. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. We look to Buy at 1.2095 (stop at 1.2045) Our profit targets will...
UK employment figures recover slightly The UK unemployment rate continues to fall, with new jobless claims at 24,000, compared to the expected 230,000. The unemployment rate in August was 4.2%, slightly lower than the previous month's forecast of 4.3%. Britain's labor market is easing, another sign that monetary tightening is starting to have an impact on the...
Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
SCENARIO 1 - My current bias for GBPUSD is to buy roughly were current price is at (9hr demand) but could expect a bit more downside and mitigate the 7hr demand zone for the buy setup to take place. Regardless we are expecting a wyckoff accumulation to take place in this POI. Targeting 1.22500 were the 8hr supply zone is located, we will then look for price to...
Hello Traders We have a strong OB , with moving average(201) approaching, this indicates a strong area for me to buy So our entry will be at 1.21700 and we will take profits at 1.2280
Hello traders, we are finally seeing some signs of a bullish reversal in GBP/USD. 📌If you notice the daily chart, we have a couple of daily candles with long wicks at the bottom which indicates buying pressure. Yesterday's daily candle had a very strong bullish momentum 📌Currently, the price has pulled back toward the 1.22 level which might actually be a good...