GbpUsd has completed ABCD on daily time frame. Now its going for HL on daily TF and can test previous High
Biased Bearish
1.ABCD complete on Daily TF
2. Double top on 1hr
3. Trendline support broken
3. Bearish Divergence
Biased-Short
Sell at current price (1.31090)
StopLoss at High (1.31450)
TP1 RR=1:1 (1.30730)
TP2 RR=1:2 (1.30370)
Technical Overview
The GBP/USD pair is showing a bullish trend as I draw in the chart, but it could face a bearish backlash at the 1st resistance at 1.31400, a level that has resisted multiple swings in the past. If that happens, the price could fall to the 1st support at 1.30000. This level is a pullback support, meaning it could attract some buyers. Further...
Technical Overview
The GBP/USD pair is showing a bullish trend as I draw in the chart, but it could face a bearish backlash at the 1st resistance at 1.31400, a level that has resisted multiple swings in the past. If that happens, the price could fall to the 1st support at 1.30000. This level is a pullback support, meaning it could attract some buyers. Further...
Hello every one
We are in an extremely supportive area that seems to be difficult to break and I think that we should still wait for the currency to rise against the dollar. what do you think?
A blue box has been drawn, which is the gathering place of 5 support lines (dots), which I have drawn is a very low risk area for buying.
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Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
June was a good month for GbpUsd with the pair rising 500 pips from bottom to the top.
As posted at that time, the nice Pin Bar from support was a good signal for bulls with GbpUsd growing above 1.27 resistance zone and reaching a high at 1.2850
Now the pair is in a much-needed correction and this could offer o good opportunity to join the trend.
That being said,...
I see an HNS pattern that could happen to the TF M30, although this is not certain.
Short at 1.2910
Stop loss 1.2935
RR : 1:3
If the price movement can be broken in the resistance area, it is possible to experience the pattern and it will fail.
GBPUSD is still in accordance with the last analysis. the trend looks bullish. now the price has reached fibo expansion 1. the length of wave 5 is the same as wave 3. if the price today can form a new HH, then there is a high probability that the price will form a bullish continuation again.
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.
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 see bullish continuation as price rejected from bullish order block + institutional mid figure 1.27500.
Fundamental analysis: This week we have a lot of news on GBP and USD. On Wednesday...
Hello traders, currently on the 4hour and the Daily Time I’m seeing where GU has hit a resistance level. I’ll be looking for a short position until next support level around 1.26300 to 1.26000 which was previously a very strong resistance level. Please share your feedback and personal opinion on what you think.
6th July daily key reversal bar closed towards the high. 7th July daily insurance bar indication for strength ahead. Demand zone 1.2750-30, another demand zone 1.2705-2675. sl 1.2660, target: 1.2895, however 1.2850 initial hurdle for 1.2895.
Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
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.
