GBPUSD 4h has formed a strong bearish price action on the lower timeframe after an over-extension to the monthly resistance, the price has created a reversal pattern on the 4h and currently, the price is rejecting the downside. As the long-term trend is down, and today is the last day of the month, it is highly likely that GBPUSD will continue to drop.
GBPUSD gonna create Hidden Bearish Divergence With Bearish Butterfly Pattern And there will be a double top Pattern. So i anticipated GU will short from 1.172xx.
Remember, there is no place for luck in trading - only strategy!
Risk Disclaimer
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
Hello traders around the world!
Lets talk about the double position trade on GBPUSD.
First of all, lets check GBPUSD from a higher time frame.
The price reached a mass psychological level on 26 September 2022 @ 1.05200 + reached the lower TL of the descending channel @ 1.03660.
This is a great area to long this pair.
If we move to the 1H chart, we can...
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre...
Here is my view for GBPUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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.
#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is on the UP SIDE. Due to MARKET RISK ON, all MARKETS including STOCKS and STOCKS can go UP at this time. It affects the POUND greatly. GBPUSD may be slightly UP after this session.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a good UP...
keeping eye on this trade setup made a nice symmetrical triangle and came back up to a bearish ob price holds here we can start seeing a nice move down as long as those highs holds
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.
🔴 GBPUSD
TF: 4H
Side: Short
SL: $1.14952
TP 1: $1.10602
TP 2: $1.09259
TP 3: $1.07915
As much as I want to see the GBP go up, I think that short term it will go down for a bit before it tries again as it got rejected by the 200D EMA.
The market of GBPUSD is trying to testing it's previous HIGH. We also knows that British Prime Minister has resigned from it's post which can also put down the GBP just because of the Economic conditions.
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
The British pound is likely to see another few months of turmoil now that Prime Minister Liz Truss has resigned.
During Truss’ reign, which latest a mere 45 days, the shortest tenure in UK prime ministerial history, the pound was rocked by her government’s plan to borrow billions of dollars to fund tax cuts. On the day of the release of the ‘mini-budget’ that...
GBPUSD hrly long
buystop @ 1.12949
TP #1 @ 1.13561 78.43% wr
TP #2 @ 1.14103 52.94% wr
SL @ swing low 1.11720 13,73% hr
WR and HR Determined from past trades on this pair, on this timeframe.
More trades like this on my profile and on Bifrost trades
