Overall trend Is buy trend is buy trend on Daily level and H4 too and 200SMA also shows buy trend but the price has reached at significant daily resistance we will short as we have strong confluance of price action as we have a pinbar formed at this level and now a good volume bearish candle is forming we will enter short from 1.261.71 to 1.25490 level for a sell setup
Hi folks today I'm prepared for you BRITISH POUND analytics. At the end of April, the British Pound re-tested the support zone 1.2310-1.2280 and continued the uptrend. The price made a deep correction, continued to rise and reached resistance at level 1.2525. For a long time, the British Pound traded below resistance, after which it continued to rise and broke...
GU closed 50 pips from the high of the day afp conditions (away From Peak) looking to go short D1 correction to the downside
gbpusd is currently tested its very strong supply area which is also an strong resistance zone we are looking for a sell on the gbpusd look for bearish confirmation on lower time frames and sell gbpusd with your own money management always remember that discipline is the key to become successful in financial world
On Monday, the dollar continued to show weakness against most of its major counterparts as traders awaited the Federal Reserve's acknowledgement of the end of its hiking cycle, while also hedging against the risk of a potential recession. Traders are also keeping an eye on the debt ceiling impasse in Capitol Hill, with the Treasury Secretary warning of possible...
Possible move in gbpusd: Dicision made to break a barrier. Targets for buy and sell in picture Sl 1.2670
Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade...
GBPUSD is at a major resistance level. I am expecting a rejection from this level. Waiting for strong bearish engulfing candle, then i will look for a sell opportunity. However, if price breaks above the resistance zone and closes above it, i will be looking for a buy entry. What is your bias on this? kindly drop your comments below
GBPUSD is currently touching supply zone and about to make a reversal. Exit at 2nd demand zone.
Sell GBP/USD after channel breakout Price need to breakout the channel and then only we need to take sell order
GBPUSD turns positive for the fourth straight week but this time around did a significant breakout of the 1.25000 level - climbing to a two-week high on Friday to set the tone for a bullish momentum ahead of the new month. However, bets for another 25 bps rate hike by the US Fed Reserve in the coming week could tilt an imbalance in the market influx. It is also...
Hey, GBPUSD, there is a huge potential for an upside. After the bullish flag is formed. With breaking the strong resistance 1.22000. And re-test the same area. But the price couldn't break through it. We are waiting for more upsid .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and...
Buy pounds in the specified range Of course, there are higher goals that will be updated
there are two scenarios are possible market can make rejection here and give a move or go back to main resistance level area and than drop i am interested in only selling in GBPUSD look for bearish confirmation on lower time frame and sell GBPUSD with your own money management always protect your capital and remember that patience pays
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of the rising wedge without bearish divergence. Entry at the break of wedge and support level. Bullish Trend Is Still Intact. (careful for your levels) SL & TP Levels are defined.
- this week is packed with news - my eyes are still on the recent daily high
First GBPUSD moved sideway and then moved upside as per our analysis. I believe it will rise more in next week. Keep an eye on DXY movement to trade GBPUSD.
Price has been in a correction on the H4 timeframe since last Friday. Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction. I would be watching to sell with...