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...
Waiting for a clear, pull back into the fair value gap liquidity spot to initiate buys on GBPJPYw these fair value gaps also act as a support after broken resistance after some bullish pressure from GBP bulls
GBPUSD Strong bearish sentiment with a rebounce to grab liquidity from fair value gap traders
GBPUSD broke out of the ascending channel. The price is at the support level, which is the psychological level at 1.24000. The market made divergence. We expect a pullback to the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Fundamental Overview of me Last week, GBP/USD suffered a loss of almost 200 pips. However, the new week has started on a positive note for the pair as it has made a recovery towards 1.2500. As there are no major data releases planned, the pair's movement for the day will depend on the risk perception. During the second half of the previous week, GBP/USD was...
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...