My bias for GU this week is to look for sell opportunities. I expect the price to react from the current demand zone I identified last week, which should trigger a pullback towards the supply zone. Once the price reaches either the 10-hour or 12-hour supply zone, I will look for a Wyckoff distribution on the lower time frame and a clear shift in trend, indicating...
Hello Traders, Hope you all are doing good!! I expect GU to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan . Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...
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.
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.
Looking at the weekly chart, Cable has been forming a triangle/wedge pattern, which could also be viewed as a bullish flag after the rise from 1.035 to 1.31500. So, what’s next? In the bigger picture, I’m bullish on this pair, but there will also be short-term selling opportunities. I expect the price to move up towards March's high at 1.29, slightly above the...
GBPUSD bought near 1.27000. Relying on the room for the dollar to fall FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD
My bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts....
hello traders this is the trade i took according to my system risk reward 1:4 if you like my content please follow, subscribe like and show some love wish you good luck and good trading
Hello traders, we want to check the GBPUSD chart. The price is moving in a downward trend and if the price pulls back to the specified resistance level, we expect this level to maintain the downward trend and the price will fall to around 1.24200. Good luck.
Dear Traders, As DXY remain extremely bullish since a week now, price have dropped heavily, in fact more than any other dxy pairs; and there is strong reason behind for it, GBP was dropping due to only economic sides not favouring it. Now, DXY and GBP have started making few corrections in their respective trends. What we are looking at here is a strong...
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.
H4 - Bearish trend pattern followed by a pullback No opposite signs Until the two strong resistance zones hold my short term view remains bearish here.
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.
There is support at the previous low position, you can trade long, two TP points, 1.250 and 1.253
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 pair is currently in a bearish trend, but I anticipate a potential reversal near a major demand zone around 1.23000. While we wait for price to reach this level, I'll be monitoring for a minor retracement back to the recently formed 4-hour supply zone. Once the retracement occurs, I'll be looking for selling opportunities in line with the prevailing trend...
Currently, GBPUSD demonstrates a persistent inclination towards the sell side, targeting the Daily sell stops . Having interacted with an m15 order block, a liquidity void has been filled. Now, a potential retest of the order block is underway, with price currently trading within a rejection block. This setup may serve as confirmation for further selling...
GBP/USD declined toward 1.2450 in the American session and erased a large portion of its daily recovery gains. The USD continues to outperform its rivals following the better-than-forecast data and doesn't allow the pair to preserve its recovery momentum. Bears have pushed the pair back to the bottom of the monthly descending channel, at 1.2440, which is being...