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...
Hello Traders! The current market structure on the daily timeframe indicates a bearish trend, suggesting a potential for short positions. I anticipate the price will extend its retracement upwards to address the existing imbalance. My strategy involves waiting for the price to reach and then rejecting the bearish order block, particularly around the...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
If one would have checked the recent flightlogs of the GBP performance he might have been astounded what he would discover: GBP emerges from the first trading week of the year as the strongest currency and the signs look great for a further rally of the pound: 🟢GBP Positive:🟢 - 🟢 The PMIs in the UK have recently surprised on the upside and so there is light...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
In the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management...
Pair : GBPUSD ( British Pound / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line RSI - Divergence Break of Structure Fibonacci Level - 61.80%
GBPUSD sell based on this 4H bearish trend and retrace. Not financial advice, use sound risk management.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Entry: Short position recommended upon retest of 1.25800 support-turned-resistance. Stop Loss: Place stop loss near 1.26200 to mitigate potential losses. Take Profit Targets: - TP-1 : 1.25390 - TP-2: 1.24980 Conclusion: Favorable short trading opportunity post-breakdown. Maintain disciplined risk management. Disclaimer: Trading forex carries high...
Currently, GBPUSD has successfully navigated through an m15 Order Block , prompting my focus on a draw towards the H1 Discount Sell Stops. Given GBPUSD's bearish institutional order flow on higher timeframes, I anticipate key bearish price discovery arrays, like Order Blocks, to exert downward pressure on prices. Furthermore, discount prices feature...
I'm SHORT cable from 1.2632 for the following reasons: a). On H1 price has been rejected by the 100 EMA b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance c). RSI has been decling for several hours d). MACD sees the fast MA crossed down over the slow e). Pivot Point SuperTrend is reading SELL on 15M f). Andean Oscillator sees the...
My bias for GU is downward, expecting a minor retracement before a continuation of the downtrend. Currently, I'm monitoring for price to rise and reach the newly identified supply levels, particularly focusing on the 20-hour supply zone for its high quality. Observing the reaction at the first 4-hour supply, I anticipate a possible minor reaction, though I...
Hello traders, we want to check the GBPUSD chart. The price is moving in a descending channel. We expect that the specified resistance level will maintain the downward trend of the price and the price will fall to around 1.26800. Good luck.