after today GBPUSD experienced a period of consolidation in the Asian session, and in the European session the price moved down and then rose again more than the Asian session, there seems to be manipulation here, most likely the distribution period will occur in the NY session,
On the 4Hour chart of GBPUSD, we can see the formation of a reversal pattern. With the US Core retail sales date coming up in an hour, it is quite possible for GBPUSD to spike to 1.26 or even higher. At the current market price, I do not recommend buying GBPUSD. However, if the price spikes to the resistance level of 1.2670 and demonstrates bearish price action,...
Gbpusd - Daily - Don't get confused by last weeks downside on FX majors and upside on dollar index. Dollar has no reasons to go up just yet neither technically or fundamentally.. Still a lot of upside to come for fx majors so hold tight
Hello Traders, today we have a cup&handle formation on FX:GBPUSD targeting an 80 pip movement. Entry, stop loss and take profit on chart.
a bearish channel formed on the 15-30m timeframe, During the Asian session, accumulation occurs, usually during the European session there will be a distribution session, most likely a bearish one will occur
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 from discount zone. My point of interest if price take sell stop liquidity and rejects from bullish order block. Like, comment and subscribe to be in touch with my content!
Let's have a look at 2H TF, after analyzing Daily TF. Sharp bullish movement expectation.
Sharp bearish leg after being range for a while, sign of STOP HUNTING zone. Now we expect more falling, after bullish retrace.
Taking a look at the GBP/USD daily chart, it seems the price has reversed. At present price has dropped more than 250 pips from its high of 1.2677. It seems all set to drop further to 1.2280 which is the first area of support. However, at the current price level, I would not recommend opening fresh sell trades. Instead, it would be safer, if we wait for a...
GBPUSD is going to retest the last high look for bullish confirmation on lower time frames and buy gbpusd with your own money management always remember that patience and discipline are the keys to become successful in financial world
Dear traders, in my previous two GBP/USD ideas I recommended selling in the 1.2650 level. As you can see, price has fallen more than 200 pips since then. In the daily chart, we have a clear resistance zone marked with multiple bearish candlestick patterns. So, it is likely that GBP/USD will continue to drop. However, I do not recommend selling at the current...
Until now this analysis is still valid, we are just waiting to see if this pair will continue to be bullish, or if it's time for a reversal. There are several parameters that must be passed for this reversal to occur, wait patiently.
Hello Traders, FX:GBPUSD is on support and can bounce to target 1.256. This is an intraday idea. Thanks
Currency Pair : GBPCAD Possible direction : Bullish Technical Analysis : 4H price just grabbed multiple liquidity from he support zone and creating bullish price action toward the imbalance area. Daily price has just has formed doji that has passed 2 days low, grabbed liquidity and then rejected towards the upside. Weekly and Monthly long term bullish...
Hello Traders, GBPUSD today is heading around 1.258 after 1.263 rejection. 1.236 is our daily pivot
Buy Stop: 1.2540 Stop Loss: 1.2490 TP-1 : 1.2590 @ 1:1 Risk / Reward Ratio TP-2: 1.2640 @ 1:2 Risk / Reward Ratio
Hi. I think this area is a good demand for shooting price to up you can get confirmation on it
Fundamental Overview The GBP/USD pair has fallen below 1.2600 early on Thursday after reaching a peak of 1.2680 on Wednesday, marking its highest level in a year. In the short term, the technical outlook for the pair appears bearish, as attention turns to the Bank of England's policy announcements. The US Dollar weakened on Wednesday following the release of...