Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
We are yet to take a position since price action negates the Bearish expectation projected in my last publication on this pair (see link below for reference purposes) as price broke out of the Bearish trendline to find a new high. The current structure appears to have clues that support selling opportunities as the price is at a zone that has accumulated bearish...
Slow markets call for widened s and r zones and trail stops.
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at...
Gbpusd is at strong support level daily and weekly tf 1.3570 which has potential to bounce it back to 1.40 levels as we are still above ma 50 if it fails next buying zone will be at 1.3425. i will be only looking for longs from these levels but if we go below 1.3540 and h4 or daily close below it short for target 1.3425 and later long on those levels (1.3425) but...
With over 300pips in our kitty as predicted in my last publication (see link below for reference purposes); the Price is back at around $1.38ish - a level I advised that we add sell position ( see previous publication). The successful Breakdown of Key levels on the 18th of July 2021 emphasizes a risk of further decline in price for the Pound in the coming...
Pattern: Channel Up (Fibonacci) on 1D.
Signal: Buy as the price is printing a short-term Lower Lows sequence which is similar to the bottom formed on September 23, while the RSI is rebounding off a Double Bottom formation.
Target: 1.4200 short-term (the Resistance) and 1.4800 long-term (the 2.0 Fibonacci extension level).
** Please support this idea with...
Price purged the equal lows to the left and is now rejecting a nearby order block below it.
I want to see how the London session reacts to this area before I stack up on my long term buys into the imbalance area.
GBPUSD 1H-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for the GBPUSD
My idea is that the pair will continue to downtrend
I hope my idea is clear
Support me by like and share
Good luck 💰💯
I am looking to sell short term on GBPUSD to capture some of the imbalance from the impulsive bullish move yesterday.
I think the price will continue to create new LTF highs before bouncing from some of the order blocks marked to the downside.
Price respected the huge marked out order block from yesterday but has had trouble departing from there.
I would like to see price mitigate minor time frame imbalance before bouncing from the 5M OB marked to the upside.
If we see no rejection from that point buyers are invalid and sellers have won the battle.