The quantity of US retail commerce, which grew in July, has turned out to be a lot worse than the forecasts of economists. This issue prompted the pound to develop which then allowed the bulls to grab the initiative once more, however it's nonetheless very early to speak in regards to the resumption of the bull market. Firstly of the week, patrons of the pound...
Despite long-term Bullish expectations on this pair, the Pound appears to be on the verge of a slide amidst Brexit trade deal worries. The identification of reversal candles in the last days of last week trading session is a reflection of the news informing the possibility that the European Union could terminate the post-Brexit trade deal if the U.K.'s...
GbpUsd is rising since the beginning of the month. However, the rise is in a corrective manner and has no impulse 1.39 should provide strong resistance and rallies towards that zone could be sold. 1.3650-1.36 is now strong support
GBPUSD is moving to its resistance 1.43393 from here the bulles are very active. GBPUSD is following the channel and yet not broken it so it can be consider as a very good resistance.
British pound against dollar pair looks bearish , since its trending near the resistance zone, it can be long term trade which last atleast till the October end, Analysis only for education purpose
Let's wait and see what the market will behave on the incoming OB
GU has failed to close below monthly support If we take a look at the daily chart we can see that price has made a lower low, however all price did was retest the previous area of resistance I am displaying the monthly chart as its alot easier to see whats happened Also the daily candle has broken back into support so we should be looking for rejections and...
This is my idea on GBPUSD Pair. Harmonic Patterns: Gartley What dou you guys think?
My short area I have been waiting on for gbpusd shorts. I'm looking at getting another rejection and hopefully finish the daily candle in the red for a nice swing trade to the downside. Remember do your own analysis and make sure it lines up with the way you trade before entering based off what I predict. Also manage that risk to keep consistent
Symbol: GBPUSD Time Frame: 4H Bias: Short Signal Analytics: Technocally, GBPUSD is about to going down from 1.36236 . The overall price momentum is downward and there is a hope that the pair will continue it downward move until it gets a strong buying pressure. The upper limit is set at 1.36832 and the optimum exit set at 1.35449. As a high probability set up,...
In D time frame and 4H time frame we are in bullish corrective move phase and price reached the important Daily resistance area and also yesterday price managed to formed a shooting star candle which is showing us the the selling intend of the participant. In 1H time frame we have 144 EMA just above the price which act as a resistance and also last 1H candle was...
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
From a technical standpoint, I've noticed a recent break of structure and price formed a lower high with a retest of level 1.36000. I entered on the M15 when price formed a bearish engulfing and a minor lower high. Overall I would be aware of TP 1 & 2 for any rejections. The overall take profit would be place at the previous liquidity/demand zone (Expected to...
As price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today. Buy on the retest of: Trendline Level 1.36000 Minor Order Block ...
Since June 1.42 high, GbpUsd is in a clear downtrend. The pair broke under support last week, and after a local low at 1.34 is correcting At this moment GbpUsd is facing strong resistance and a fall could follow The bearish scenario is negated only if the pair manages to break above 1.3750
Price has recently tested the long term bearish trendline and has also tested the 61.8% Fib level. I will be looking to go short on a combination of 3 or more of these confluences: Break and retest of level 1.36000 Break and retest of Bullish Push Line Bearish Structure Bearish Candlestick Pattern Moving Average Crossover Strength on the DXY If...
Confluences a. Daily FIB 61.8% b. 4H Trendline c. Broke strong daily resistance d. Potential Rejection on Major psychological level (1.36000) Reminder; this is only a potential short because there is a monthly uptrend structural zone that might become bullish again.
Hi guys, I think there is a pattern on the head and shoulders, and now a pullback is being done to it, which seems to have entered it at the time of pullback and participated in its short trading. The loss limit can be entering its neckline.