looking at the shape of the down trend channel that is happening, there might be a correction to wave b in the near future. B wave boundary around the price 1.26000 - 1.27000. the main H4 trend is still bearish.
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the GBPUSD chart analysis, GBPUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
Following a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of...
GBPUSD has been in downtrend, as we're following structure we are continuing to sell and market executing with stop above the high. Minimum target 1:3
Here is my view for GBPUSD on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
if you see the pattern that occurs, it is more towards the leading diagonal. the bearish target is in the blue box SnD. take a sell opportunity when there is an upward correction movement
⚠️ Reaction from BUY Zone ..!!! 🟢 Try to BUY🔼 all the Dips !!! 🟢 Confirmation 1.2360 zone
Gloomy forecast point to ongoing pressure on the Pound The UK economy is facing several challenges such as strikes, unresolved Brexit issues, low productivity, and negative forecasts from the International Monetary Fund. The Bank of England (BOE) has acknowledged these issues, adding to the gloomy outlook. This will likely continue to weaken the Pound for a...
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.
LONG TERM BEARISH DAILY BEARISH 4H Bearish 2 H Bearish 2H Momentum BEARISH BoE raises rates by 25 bp, revises inflation, GDP forecasts here was no surprise as the Bank of England raised rates by 25 basis points, bringing the cash rate to 4.50%, its highest since 2008. This marked the twelfth consecutive hike in the current rate-tightening cycle, underscoring...
Tomorrow, the latest inflation rate for the UK will be released, which will be significant for traders dealing with GBP/USD due to the perhaps unrealistic forecast for a 2-percentage point drop. It is expected that the inflation rate for April will have significantly dropped to 8.2%. Are markets overly optimist with this forecast? In March, the consumer price...
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs. Price took sell stop liquidity and now is in bullish order block, from where I expect a rejection and for a long confirmation I want price to make an intermediary change of character. Fundamental...
GBPUSD possible short scenarion for me .it tested resistance as i marked up as resistance area conflunce with ema.it got tested and got rejected multiple times on 1H TF.1h stracture has not been broken yet i am waiting for it to break so i could have another entry. i always have two entries. my second entry has not been confirmed yet. fisrt entry : Entry -...
Hello guys, If you follow me already, you will know that I get my directional bias from the dollar index. In my previous post on the dollar (inserted below) I stated that I am bullish on the dollar which would mean I am bearish on GBPUSD. As you may see on my chart, I expect the price to run into my POI after inducing early short selling as marked on the chart...
After reaching my target at the 1.27 zone, GbpUsd started to drop and found support at the horizontal 1.2350 level. The drop is not impulsive and, in my opinion, is just a correction to the overall bullish trend. A reversal to the upside could be next for GbpUsd and traders could look to buy dips slightly 1.24 figure. The target could be the recent high at 1.2680...
GBP-USD broke the Resistance cluster of the Falling and horizontal level of 1.24313 And the breakout is confirmed Because the 2 H candle closed Above the cluster so now I am bullish biased And I think that the pair Will go higher up !
This pair is entering a correction period, we don't need to be confused about how the correction model will occur, just focus on taking opportunities where we will go short. as long as the price does not penetrate more than the invalid area, it is likely that it will remain bearish
According to the previous analysis, when the price drops more than the red line, there is a high probability of a reversal. I readjusted wave analysis notation. Corrections that occur can occur simply by looking at the current bullish DXY analysis conditions. I am looking for an area to sell with the upper limit of the invalid area, when the price suddenly rises...