Waiting for a break and retest of 1.26272 to short GBPUSD back to key Daily level at 1.24481 If you agree drop a like and if you have any questions leave a comment :)
GBP/USD holds above 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located. In case this level stays intact as support, 1.2760 (static level) could be seen as next resistance before 1.2780 (static level) and 1.2820 (end-point of the latest uptrend). If 1.2700 fails, technical sellers could take action and open the...
In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD,...
Overall bullish trend for Cable, which has presented a correction opportunity off the daily. Moving lower implies an obtuse support to break, making it a tough call for further downside potential. Longs of current 1.27200 allocates very poor risk to reward - this implies a better ratio off buying the impending dip toward 1.26700 .
At time h4, after exiting an ascending channel, if the top of the red box does not confirm or stabilize the candlestick, it can return at least 100% of the previous wave. Therefore, if confirmed as mentioned, we can consider this upward correction to continue the downward path and complete wave 3 or C.
after the tap rejection on the supply zone a sell momentum took place which could indicate a possibility of a sell sentiment. I expect GBPUSD to sell to 1.25968 liquidity .
Still in an up trend in my opinion and the last two 4h closes show that there is potential loss of momentum, so therefore I am an looking for a break back above structure and a 1h / 4h close above the blue line to look for the entry, however if that doesn't materialize and the get a close below the trendline then I will look for shorts
Looking into GBPUSD from an overall structural perspective we can see that we’re currently trading within a consolidation forming on our higher timeframes so currently our trading is focused more around the key areas within the consolidation while we wait for the market to choose an overall direction on a larger scale. Now taking from the above statement we can...
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.
Here I present my daily idea for GBPUSD which could provide us with some nice short and long opportunities. I feel that if we break the current trendline to the downside, we will see a drop to the 1.25 region. From here, we can take a long trade during the retrace. When the head and shoulder structure looks mature, we can look at taking a second short towards the...
My short-term analysis of GBP/USD. Enjoy ;) I believe we have broken from a rising wedge, and currently experiencing a brief pullback to the upside before a continued downtrend. ;)
ANALYSIS TODAY: GBPUSD stalled during the weekend session, still stuck in range. Reiterating that although it was not possible to make a higher high in the past 1 month, the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold the existing long positions and still place SL is below the 1.26 resistance level. Indicator is used: -...
Traders in the pound market are betting on continued inflation due to a slowdown in retail sales as the Bank of England nears its next interest rate decision. The pound has recently strengthened against the euro for four consecutive weeks, and has strengthened against all G10 currencies this year except for the stronger US dollar. Investors have increased their...
Hello Traders! This is my perspective for GBPUSD M15. I see a new BOSS, and FVG is fully closed. I expect a bearish move until the price of 1.26620. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment...
HELLO TRADERS GBPUSD is showing us rejection here on 4H TF as it had created a double top so we are expecting a drop till design levels after retesting and rejection this zone again our Risk Reward Ratio is fantastic on this trade let's see what markets bring to us it's just a trade idea on base of technical analysis share Ur thoughts with us on this pair in...
The GBP/USD currency pair is currently situated within an order block, signaling a potential inclination towards a downward trend. The pair has exhibited weakening tendencies, particularly with the market adopting a cautious "wait and see" approach ahead of monetary decisions expected in late January and early February 2024. This apprehensive sentiment has...
The price has recovered after buyers returned to around the 1.26 support level. Temporarily, the bullish structure still holds although the price has not created a new peak in more than a month. Reiterating that the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold your existing long positions and still place SL below the 1.26...
Waiting for a break and retest of 1.26128 to short GBPUSD back to Daily key level at 1.24481 If you agree drop a like and if you have any questions leave a comment :)