The current ranging environment is demonstrated by the ADX indicator, which has been threading below the 25-point benchmark since the 24th of May.
The development of a descending channel elucidates the gradual transition from one market stage into another. The recent reversal from the channel's upper boundary, which also represented a reversal from the 100-day...
Technical Analysis for GBPUSD on the 4H Timeframe.
Mixed feelings for the Cable for the week ahead.
As expected, Cable went to retest the 1.41800 area before heading down on Friday to the 1.41000 area.
My Personal BIAS on GBPUSD is BEARISH but ONLY after taking out the buy stops resting at the 1.42000 area, before crashing towards the 1.40700 key level.
If I will...
GBPUSD - H4 - This is one impulsive unpredictable crazy currency pair to trade so my analysis a bit crazy on this. I'm expecting a sharp rise on this pair to take out all early sellers /break out buyers and rally right into a H4 untapped supply zone at 1.4220 before selling off down to 1.40.
GBP is known to recover fast whenever it gets hit by USD. I expect a short 1-2 day consolidation or retracement on DXY which on the other hand indicates similar action will be reflected on GBPUSD. 1.4076 will be very close to the lower trend line of the downtrend structure within the mid-term uptrend. I'm in general bearish on USD and bullish on GBP so......
Price is testing resistance in line with 61.8% fibonacci retracement and breakout of the trend line where we could see a further drop below this level. Our stop loss is placed higher than the latest high with take profit targets at -27.2% and -61.8% retracement levels.
Trade ideas posted here daily, follow for the latest updates. If you have any...
GBPUSD bounced quite sharply from 1.4077 support and right now it is stalling around the multi-sessions bearish trendline which is quite likely to be broken since momentum is quite strong.
Wait for the market to break the trendline and hold above in order to build long positions.
Back to a more conventional trade idea after this mornings subjective v systematic idea.
Here we are using our GBPUSD H1 strategy.
Trade is in full swing.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as...
Hello traders, in my previous idea, I recommended selling GBPUSD
between 1.4195-1.4220 with SL above 1.4307 and initial TP at 1.3950.
(previous idea linked below). So, you might have earned 130+ pips profit
when GBP/USD dropped to 1.4080 last week....
Analysis on #GBPUSD
there is nothing really in this chart on the higher time frame from technical analysis POV, only one setup on the 15m chart, possible Harmonic Bat pattern,
what I see currently on the chart is similar to the head and shoulders pattern, but I know many of the traders will not agree,
however, the story is there and I am...
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