Hello traders, GU retracted to a weekly FVG le leaving relative equal high and creating the sell side of the curve we could have a market maker buy model, coming to next week I would be looking for buys before doing anything or pushing any button I would be looking to shift in the structure confirming the buying program kicking in .
GBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeks
Last week, we could see that the GBPUSD exchange rate had a clear reaction to the 0.618 Fibonacci retracement zone of the previous down wave. ( Chart )
With weekly price reactions like this, it is likely that the exchange rate will fall to the Fibonacci retracement zone (0.238) of the down wave,...
GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again?
How do we trade this? 🤔
I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or...
Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement and then I will open a long position if price rejects from bullish order block + institutional big figuer 1.25000.
Fundamental news: This week is NFP...
GBP-USD is going down
Now and the pair broke
The key level of 1.26155
Then retested and is
Going down again so
We are locally bearish biased
And we will be expecting
A further move down !
GBPUSD remains at a high level, but the upward momentum of the price gradually weakens, two downward peaks are continuously confirmed, and the US dollar continues to see demand as a safe haven and a source of funding. This has been replaced by falling prices. This puts pressure on the pair, making it difficult to find any upward momentum.
If the current...
📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment
GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the...
🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is...
📈 Forex Signals – GBP/USD
📌 Last week's analysis: GBPUSD had advantages not available to buyers
👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains.
📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline....
GBPUSD: GU breaks out of bullish structure and support zone. When creating a double top model, give priority to selling out. Please pay attention to the table. GBPUSD has entered the 1.2600 zone, clearly showing a reversal trend. Ace may consider holding short GBPUSD around 1.2600-1.2630. In this scenario, we assume GBPUSD returns to the 1.2500 area.
The US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other. ...
Lately, the GBPUSD has shown a bullish trend, driven by the strength of the GBP and the relative weakness of the USD. In this video, we delve into a potential trading opportunity by examining scenarios across the 1D and 4H timeframes. We'll provide valuable insights into price action, market structure, trend assessment, and essential technical anaysis factors....
The price has recently breached the crucial daily support level of 1.26229, signaling a break in the bullish structure. Following this breakdown, there was a subsequent pullback in the price action, with a retest occurring around the resistance area of interest. This retracement was marked by a bearish engulfing candlestick, serving as a confirmation for my entry...
GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection,...
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.
