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
GBPUSD showing a lot of weakness, currently this pair is oversold, we got a DOUBLE SHARKFN on H4 and we are hitting the 200ema on H4. We are looking at a continuation setup here and to position for the next IMPULSE LEG we have to wait for GU pullback back up to the PMthH level for a SHORT. #1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT ONLY when GU...
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...
Hey Traders, Lot of eyes are on USD Pairs. Local PA levels and lack of impetus VIA employment data have kept GBP where it is.. But there's more. And ya gotta plan for it. Watch on.
Hello Traders, FX:GBPUSD is on support and can bounce to target 1.256. This is an intraday idea. Thanks
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
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...
The GBPUSD pair traded with clear negativity to press on the bullish channel’s support line at 1.2470, and the price is affected by the BOE rate decision to show some volatility, which urges caution from the upcoming trading, as breaking this level will put the price under additional negative pressure that its next target reaches 1.2100 the bullish trend...
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.
GBP/USD is demonstrating some bearish price action in the daily timeframe. The 1.2670 level is acting as a strong resistance in the daily chart. If the resistance continues to hold, I am expecting further declines in GBPUSD towards 1.2350 level. I recommend selling the rallies in GBP/USD. Ideal sell entry would be close to 1.2670 level with Stop loss above the...
gbpusd is currently tested its very strong supply area which is also an strong resistance zone we are looking for a sell on the gbpusd look for bearish confirmation on lower time frames and sell gbpusd with your own money management always remember that discipline is the key to become successful in financial world
On Monday, the dollar continued to show weakness against most of its major counterparts as traders awaited the Federal Reserve's acknowledgement of the end of its hiking cycle, while also hedging against the risk of a potential recession. Traders are also keeping an eye on the debt ceiling impasse in Capitol Hill, with the Treasury Secretary warning of possible...
On Friday data, USD become stronger, but GBP become more powerful against the USD. I am much sure GBP will be stronger than USD. I am looking for buying opportunity on it.
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Based on the multi-year double-bottom bear trap formation and bullish momentum on the yearly chart, it appears that the multi-year downtrend is over. We will have a clearer picture once the 2023 candle is formed with some bullish momentum. 2.📆Monthly: While there is a clear downtrend, there are solid...