Hello everyone, GBPUSD 4H NEW FORECAST The price of the pound sterling against the dollar is trading with noticeable positivity after consolidating above the 1.2480 level, heading towards a possible test of the 1.2580 level, and we expect the bullish tendency to continue in the immediate term to exceed this level and achieve additional gains up to...
Hello fellow traders, Today, I’m presenting a short trading opportunity for GBPUSD, analyzed through Elliott Wave theory on the 30-minute chart. The price action recently completed a five-wave impulse structure, followed by a clear corrective pattern, indicating potential further declines. We can observe that after the fifth wave peak, GBPUSD entered a...
GBP/USD tumbles below crucial 1.2500 as bears move in GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction. From a technical standpoint, the GBP/USD is showing a neutral to downward bias. This is a...
GBPUSD is a slow trade for the week, price did 60 pips and that is all. We are currently retesting our entry level to see if there will be a break of resistance level. Yesterday we had Initial Jobless claims and nothing more happened in the market. I will be looking forward to LDN session today..
Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan...
GBPUSD - 24h expiry The primary trend remains bearish. Price action looks to be forming a top. Bearish divergence is expected to cap gains. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2560. We look to Sell at 1.2560 (stop at 1.2596) Our profit targets will be 1.2470 and 1.2430 Resistance: 1.2560 / 1.2590 / 1.2630 Support:...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25213 TP: 1.23979 SL: 1.26376 Bias: Short It is difficult to provide real-time or future forecasts for financial markets. It is critical to take note of that monetary business sectors are profoundly powerful and dependent upon a large number of elements that can influence their developments. Therefore, it is...
Entered this trade on Tuesday.. PA took bears for a 60 pips spin before retesting. Price turn back from support zone, retesting a resistance zone at 1.25250 area Using that level as my additional entry.. With a new target at 1.23650. 180 pips overall target.. Another day to get stuckinprofit..
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD ...
The Pound Sterling reverses its course against the US Dollar, after extending its gains past the 200-day moving average (DMA). However, data from the United States (US), showing that inflation could be picking up, as shown by the Employment Cost Index (ECI), bolstered the Greenback. Therefore, the GBP/USD trades at 1.2517 down by some 0.36%, after hitting a daily...
As per my system, i received some confirmation that makes me confident about a short entry here on GBPUSD. This setup is high risk, and personally i incresed the RR reducing the stoploss, but i shared this ideas with lower RR to avoid spikes. Good luck
GBPUSD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
This 45-minute chart shows the GBP/USD currency pair in a clear ascending channel, indicating an uptrend. The channel is defined by two parallel trendlines: one connecting the higher lows and the other connecting the higher highs. The price action is currently near the upper boundary of the channel, which might act as resistance. If the pattern holds, traders...
In for 4hour gbpusd short after close candel short position activeeeeeeeeeeeeeee
Hi Traders, Looking on a GBPUSD we can see price respects our monthly IRL, then shoots down leaving an imbalance on our daily time frame, as it takes out our ERL and giving us a clear MSS, so we will look for entry properties on our H1 time frame on the daily FVG/IRL. Best Of Luck CharlesFX
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...