The chart is reflecting a short term recovery in a falling wedge. It took support from a critical level and might retest the trend line giving a quick opportunity to go long. GBPUSD Long idea EP: Current SL: 1.19214 TP: 1.20593 RRR: 1
1. GBPUSD Bounced from Fib 0.382 Retracement level, engulfing a daily Candle. 2. Trendline was broken around 1.20513 as an added confluence. 3. Price may seek to take out liquidity above the equal highs around 1.24459
Welcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in...
Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level. On the 1-hour chart, it...
On Friday, March 3rd, the GBPUSD rose 0.7% to $1.2032. The final reading of the February Services Purchasing Managers' Index (PMI) from the IHS Markit/CIPS rose to 53.5, higher than January's 48.7 and the initial February reading of 53.3, marking the strongest growth since June last year. The data has increased investor expectations that UK interest rates will...
Possible targets Target 1: 1.2151 Target 2: 1.2257
GBP/USD has managed to erase its daily gains after having tested 1.2000 in the European session on Monday. The renewed US Dollar weakness following Wall Street's opening bell helps the pair keep its footing ahead of FOMC Chairman Powell's testimony on Tuesday. GBP/USD trades near 1.2050, where the 100-period Simple Moving Average (SMA) on the four-hour chart and...
It's quite evident that there's a head and shoulders pattern, and after a pullback wave, it's now an opportune time to go long.
This demand should be a springboard for buyers. Although I don't think the buy will go far, I think it will go far enough to lure in a large portion of the market before the huge liquidity zone sweep. Once buyers are screwed over, we can look at joining the market makers with the true buy position. Have a great trading week gang...
I will be waiting to see first if this range is an accumulation or distribution and enter after it is clear to us which way it is heading to #gbpusd #gbpusdforecast #gbpusdanalysistoday
Today’s Prediction was Correct. GBPUSD Closed @ 1.20400 price. From my earlier chart idea, If you caught a buy at any price around 1.8000, you would’ve made some nice gains today. GBPUSD never retest the support pressure and continued to trend upward today. My prediction was based on Price Action, News, and Candle stick patterns. This is Just my prediction ....
looking for a nice 40 pip london move here on gbpusd information shared is for educational and demo purposes only
Looking at the 4hour timeframe we can see that GU is current at a strong demand zone/support zone. With this I will be looking to take a long position and ride this wave up to where we have a previous strong resistance/rejection zone around 1.214. Will update on how this trade goes. Please share your opinions on this trade and let me know if you disagree or agree.
gbpusd now seems sell, always enter after confirmation and always have strict and safe stoploss.
Its been sideways for 2-3 week as you can see from the weekly chart In the daily chart formed either double top and double bottom For entry buy around 1.1930 based on sideway pattern TP is around on the top.updated later Gud luck
Previously, when GBPUSD touched 1.19250, we emphasized that there was strong support at that level, and there was a demand for a rebound. The consecutive two rallies were both quick rebounds after testing the support, but the sustainability of the upward trend was weak, and there was a subsequent decline after being under pressure. However, when the market...
Price is in a ranging market and currently at the resistance zone, also creating a falling wedge pattern. Looking to go long after break and retest of trendline and that minor zone.