The British pound has broken down rather significantly during the course of the trading session on Thursday as we continue to see a lot of US dollar strength based upon “risk off” trading in general. At this point, the 1.34 level has been pierced quite significantly, and it now looks as if we are trying to break down towards the 1.32 level underneath, which was...
Time Frame: 4H Symbol: GBPUSD Bias: Short We think GBPUSD will be going short as compared to the strengths and weaknesses of other currencies. Given the fact that strong dollar will always push the pairs like GBPUSD down and that is why we are biased for short entry.
According to the technical analysis of the pair: There are new attempts for the GBP/USD currency pair to exploit the decline to form a buying base to return to the path of its last ascending channel. This requires more momentum factors, otherwise the pair will be exposed to more momentum to complete the recent selling operations. Bears eyes are currently on the...
high wave pattern reveals in the financial markets to indicate a reversal, in this situation its a bearish pattern, put your TP level at 1.3472 or above a little bit for short term profits, you can also hold your position for long term as well.
Hello dear traders, I decided to share my analysis of the GBPUSD with you... GBPUSD On an important resistance area because : 1- Daily bearish channel roof. 2- 61.8 % of descending wave! 3- Static resistant area between 1.3570 to 1.36. 4- Hidden divergence in oscillators like RSI , Momentum. 5- Fundamental reasons for strengthening the dollar like the Federal...
Time Frame: 4H Symbol: GBPUSD Bias: Short The instrument is showing a short bias. Though the price seems to be goin g up , the weakness of upward move shows a bearish hidden divergence . We can short the pair to utilize the opportunity from the short term volatility.
the weekly of this currency pair is currently downtrend
Got 5/5 trades right this week on GBPUSD. Going short on this pair has been a miracle this month. For today I am looking for a shorting opportunity from the that I have drawn above (Square Blue Box). With the confluence from 4H bearish move, I am confident with this trade to make 60 pips of profit while risking 20~30 pips (depending on your lot size) For this...
Time Frame: 4H Symbol: GBPUSD Bias: Short Considering the dynamic support and resistance, we are going to short GBPUSD. The obvious factor is the lack of market volatility due to seasonal and fundamental factors. However, we can expect a small move from the current price projection.
Considering the possible turn up of GBPUSD, probably a new accumulation pattern will take place.
GBPUSD short! There's a lot of volume in the current area, the Pound is testing the 200 TEMA and downtrend channel., is very likely that it re-test the 1.36 area and the main target is 1.34.
Nice GBP/USD Sell setup with the trend from the resistance area to the green level as a first target. Good luck.
H4 chart analysis outlook we see longterm sell bec bullish trend will cintinue as after a little correction HH,HL now we wait for bearish price action on daily level
On GBPUSD we can see a nice channel. Tomorrow GDP news. I bet on SHORT on this pair.
My eye was on GBPUSD when a new came on by FEB last on week. I did some research and worked good for that week in bearish. Today a new has came for rebound from 1.3700. It will hit back down just keep your eye on it. It will definitely touch 1.3575 Comment down on which you want analysis.
Similar to EURUSD, I'm waiting for better short entry's.
Multiple confluence. USD strength this week. GBP under 200 EMA and 50 EMA cross. Bearish engulfing candle 4HR time frame off retracement zone.