GBP/Dollar is a useful abbreviation The drawing says it all Good buying areas
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
#GBPUSD Market has rejected from a previously tested area. Also at the stage is over bought. So i am looking for a sell move next.
After closing the price is above 1.3840 in 15 min chart, it entered into a buy trade, with two targets of 1.3881 and 1.3930.
Confluence a. DAILY FIB 61.8% 3 rejections b. Major level ( 1.38000, Swing low) c. 4h Correction d. Higher timeframe bias
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Looking to take GBPUSD back down to the previous bottom. For confirmation, we're waiting for the break of the ascending red trendline.
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
1.36 has proved to be very strong support for GbpUsd and the pair reversed losses from this point and is now trading above 1.37 support. I'm bullish as long as 1.37 is intact and I expect the pair to reach 1.4 zone in the next few days
It is over 250pips move in our direction since my last publication (see link below for reference purposes) and the appearance of a strong reversal pattern (Double Bottom) at this juncture in the market suggest a trend reversal is unfolding as price continue to find higher-high since hitting a bottom @ $1.36000 a couple of times. The British pound spiked a bit on...
Hello Traders! Check Related Idea for market context!! For now, the analysis is neutral since there's no clear direction yet, the market is in a corrective phase and therefore still "deciding" about where to go. I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
GU is generally in a down trend. We witnessed a reversal at a key psychological area (1.36000), and our intra line was violated following an EMA crossover, confirming a change in direction. Price broke above 1.37000 (another key area) and is currently in consolidation. Price has already tested and bounced off the 38 Fibonacci retracement level and is creating...
First Take profit reached , waiting for new bearish impulse. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Strong bullish momentum..broke out of that wedge..trade safe and be blesses
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...