the price is currently goining up. poeple think the orderblock is filled. we will see 1.26 this week. try to buy around here. we wil quickly respect the fibbo 0.618 level after hitting 1.26
price is currently at strong support, D1 support and SnD H4. there is also a bullish rejection candle. however there is no sign of bearish weakness yet. there is still a possibility of prices heading to the 0.382 fibo area where the area is also the SR Flip area.
the price at the close of the week was in the daily SnD area and right on the SR Flip. if you look at the pattern that occurred, it could be a diamond pattern. it is likely that the price will rise again with the invalid area limit below
GBP/USD closed at the 1.2716 level. Based on my limited knowledge, the support area for GBP/USD is at 1.2700. If it breaks, the market may move towards the next support area at 1.2600. Similarly, the resistance area for GBP/USD is at the 1.2775 level. If it breaks, GBP/USD may reach 1.2850. Keep an eye on these levels. If a candle rejects the resistance area, you...
Currently the price is forming a bearish channel, sometimes I call it compression. usually if there is price compression like this, it will look for the strongest support area before continuing the impulse wave. if you see the red area as daily support & fibo retracement area that intersects with each other, then there is a high probability that the price will...
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.
The UK continues to struggle with high inflation, as demonstrated once again this morning when headline inflation exceeded expectations at 8.7%, surpassing the projected 8.4%. Core inflation also outperformed, registering a 7.1% figure compared to the expected 6.8%. This divergence emphasizes the contrast between the UK and its counterparts in the US and Europe....
Dear traders, it seems like GBP/USD uptrend might finally be slowing down. Post FOMC, price might have done a false break of the upper trend line . So, if that's the case, we can expect GBP/USD to decline in the next few days . Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. My point of interest is if price makes a retracement and then rejects from bullish order block. Another confirmation from that zone is volume profile. Fundamental analysis: This...
DXY (Dollar Currency Index) is taking its support and chances to reach back to its resistance, if this happened then obviously GBPUSD fall first and then rise again.
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!
Hi, according to my analysis of the GBPUSD market, there is a high potential for an uptrend. With the bearish flag broken. We also see a bullish channel forming. The price is now trying to breach the resistance at 1.25400, good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. ...
GBPUSD created a bearish butterfly pattern on 1.42; Now expected a short to 1.261xx
D1 GBPUSD analysis shows price chasing the 0.786 fibo extension area. the area is also a price target exposed to imbalance.
Here is my analysis for GBPUSD on H4 by 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!
Dear traders, after the FOMC event yesterday, GBP/USD pulled back from the highs. If we look at the daily chart, GBP/USD has not managed to break the resistance level so far. So, we can continue to look at the price action for a couple of days. In case price doesn't break the resistance level and we see the formation of bearish candlesticks in the resistance...
Entry for buy at the breakout of the level. As cup and handle pattern is formed. Wait for the breakout and then buy.
Dear traders, as I mentioned in my previous idea GBP/USD is slowly moving towards the 1.2680 resistance level. So, it would be better to wait and watch the price action at this level before executing any trades. Also, keep in mind that we have the FOMC event later in the day which could lead to a lot of volatility in GBPUSD pair. In case we can see the...