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 :)
This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to...
Here is my idea on GBP USD. Trade confluence 1. Head and shoulders Pattern 2. Bouncing from the Neckline to retest the broken bearish market structure creating a LH 3. We are waiting for double top to complete at the reset level for entry short. Maybe Not?
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish...
The US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by...
Hello Traders! This is my idea related to GBOUSD M30. I see a small retracement and I expect an increase until the OB marked above. 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 to see my...
Weaker inflation, higher unemployment and gloom from policymakers. The fall in inflation is not the only issue holding the BoE back from hikes. BoE’s decision to pause and the probable end to policy tightening represents a loss of interest rate support Price breaks the channel now, its Good chance to sell now. Thank you
The GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is...