looking at the shape of the down trend channel that is happening, there might be a correction to wave b in the near future. B wave boundary around the price 1.26000 - 1.27000. the main H4 trend is still bearish.
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the GBPUSD chart analysis, GBPUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
GU has been falling down and closing low for 4 consecutive days. probability of having a 5th red day is ~4.86 % with that on our side and PD buyers gaining control over sellers with sentiment line rising towards buy zone, we have good EV to go long as the price clears and opens above PD POC. not tagged in the position. will wait for confirmation first. will...
Here is my view for GBPUSD on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
if you see the pattern that occurs, it is more towards the leading diagonal. the bearish target is in the blue box SnD. take a sell opportunity when there is an upward correction movement
Gloomy forecast point to ongoing pressure on the Pound The UK economy is facing several challenges such as strikes, unresolved Brexit issues, low productivity, and negative forecasts from the International Monetary Fund. The Bank of England (BOE) has acknowledged these issues, adding to the gloomy outlook. This will likely continue to weaken the Pound for a...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
market broke the significant area and now going to retest that strong supply area we are looking for a RISKY buy setup look for bullish confirmation on lower time frame and buy gbpusd with your own money management alawys protect your capital when you running in profits
GBPUSD possible short scenarion for me .it tested resistance as i marked up as resistance area conflunce with ema.it got tested and got rejected multiple times on 1H TF.1h stracture has not been broken yet i am waiting for it to break so i could have another entry. i always have two entries. my second entry has not been confirmed yet. fisrt entry : Entry -...
GBP-USD broke the Resistance cluster of the Falling and horizontal level of 1.24313 And the breakout is confirmed Because the 2 H candle closed Above the cluster so now I am bullish biased And I think that the pair Will go higher up !
-DXY is expected to be bearish in the beginning of this coming week, which will helps GBPUSD to bounce back to the area that we were initially looking at. -Let's wait and see how price move and behave.
This pair is entering a correction period, we don't need to be confused about how the correction model will occur, just focus on taking opportunities where we will go short. as long as the price does not penetrate more than the invalid area, it is likely that it will remain bearish
The U.S. dollar rose against the Pound Sterling on Friday and was on track for its biggest weekly gain since February despite concern about the U.S. debt ceiling and monetary policy. The aftermath of the consumer sentiment data is rippling a mixed reaction across the market ahead of the new week. Participants continue to digest features from the U.K economic...
According to the previous analysis, when the price drops more than the red line, there is a high probability of a reversal. I readjusted wave analysis notation. Corrections that occur can occur simply by looking at the current bullish DXY analysis conditions. I am looking for an area to sell with the upper limit of the invalid area, when the price suddenly rises...
Fundamental Overview of me Last week, GBP/USD suffered a loss of almost 200 pips. However, the new week has started on a positive note for the pair as it has made a recovery towards 1.2500. As there are no major data releases planned, the pair's movement for the day will depend on the risk perception. During the second half of the previous week, GBP/USD was...
Gbpusd - Daily - Don't get confused by last weeks downside on FX majors and upside on dollar index. Dollar has no reasons to go up just yet neither technically or fundamentally.. Still a lot of upside to come for fx majors so hold tight
Hello Traders, today we have a cup&handle formation on FX:GBPUSD targeting an 80 pip movement. Entry, stop loss and take profit on chart.
I can see a clear bullish market structure in higher timeframe. Price is in Daily Demand right now. If price gets rejected and moves in another direction, we can see a posible bullish scenario.