Hey tradomaniacs, seems like pound is going to drop due to distribution at the current resistance. If VWAP aswell as trendline breaks we can get more momentum to the downside with a nice risk-reward. Waht do you think?
GBP-USD is trading in a downtrend In a falling channe and the pair will retested the falling resistance line and horizontal resistance at 1.14801 And I think that we will see bearish continuation
GU has been on a sell for the majority of 2+ months. Following that bias - I am waiting on a pullback - after multiple market shifts. Enter back at demand and look for a win (on a weekly TF) to supply. This is an idea, thank you for checking it out.
Market Structure: Downtrend Market (H4, D1) Area of Value: Break of support Entry: Bearish candle breaking support Exit if Right: 2 tranches in TF. While changing SL Exit if Wrong: Above previous swing high. Once the structure is broken. RRR: 1:2
Here is my view for GBPUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for GBPUSD on W1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hey tradomaniacs, after higher core-inflation than expected the market will probably price in a very hawkish monetary policy by the fed as the black period won`t give any further input regarding plans or eventual changes. This might oush the USD further to the upside and could cause another fall for GBP/USD. Technically a good spot to sell, especially of we...
Looking for price to make a pull back very soon for either a longer term move down or just a retracement before then going higher, we are approaching a nice level of resistance now so ill be monitoring price around this region.
GBP-USD made a rebound from the 1.14500 And is going up now But a falling resistance is on its way So after the retest 1.15795 I think We might see a pullback
Here is my view for GBPUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Still holding shorts as price trickles to the downside, but we are running into a big level or weekly daily support where I expect to see some upside from. I will be updating when price reaches this area and probably closing all of my short position.
GBPUSD make cup and handle pattern and down trend channel GBPUSD new lower low if trade below green trendline
Hey guys just updating my position on GBPUSD nice push down straight into profit and risk free from entry, have secured 40% profit and now just letting the rest run risk free.
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.
Updating my last idea with a position just taken on GBPUSD first target area at 1.16600 and then hopefully alot more downside, stops will be moved to break even quick as we are seeing some quick movement.
Looking for similar situation as EURUSD and price to make that next leg to the downside. We are creeping into that resistance level once more so a rejection from here I will be entering short trades.
#GBPUSD - Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN. - Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET...
Here is my view for GBPUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!