Price at resistance level on daily during a dominant downtrend. Scaling down to the 4hr we see price has formed a double top at this same level. Which could hint towards bullish exhaustion prompting bearish pressure to come in and push price lower. This could cause a shift to the downside if we can see price break through the lower trendline.
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Suspecting to pullback a little then hit support and bounce back up but ultimately will follow downward trend....
this pair will gain more power against most of the market put i like safe trade so i take it against dollar i got position from 30 June and 15 July so am safe and this become profitable with time so i will take another position take this one on your own responsibility
Evening Traders, Today’s Analysis – GBPUSD- trading at local support after an impulse sell. A retest of local resistance is probable to put in a lower high. Points to consider, - PA Double Bullish Divergence - Local Support (Trade Location) - Local Resistance (Immediate target) - Oscillators diverging - Volume below average GPBUSD is establishing a...
GBPUSD - SHORT (SELL LIMIT) ENTRY PRICE - 1.26500 SL - 1.28400 TP1 - 1.22850 TP2 - 1.21200
GBPUSD is approaching the trendline and could see a further drop from here ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next...
Check the Chart for the specific price numbers
From my education in forex, I have learnt from multiple people that Monday can be a manipulated day in the industry caused by, big hedge funds and banks. I always allow to have Saturday off, come to the charts on Sunday, and begin a week ahead analysis and today would have been a 'perfect' day to trade in, but I stuck by my rules and I'm now having to overcome...
Looking for Bearish momentum after bullish price rejection and our structure level
i see a trendline who broke and waiting for best price to buy
Friends, I just wana share with you my thoughts on GBP/USD while I look around the market.🧐🧐 🤫To be honest, I choose the entry point very carefully and don't focus on one or two trading pairs. 👩🏻🎓I'm still learning ... If you have any interesting thoughts and tips on working on Forex, I'll be grateful if you share it with me. In the meantime, I share with you...
Hello everyone! This is my point of view in this pair, it is very clear. We will look for short term opportunities in the downtrend. let's go for 182 pip!!
Guys, we are looking now British pound / American dollar!🧐 🤷🏻♀️The situation is identical to Euro / dollar.🤷🏻♀️ The price staying in accumulation zone 🔋. What will happen with the price nexttime ... it's impossible to know clearly.😒 🙉The market today is rather strange.🙉 ⛔If you are not sure about the deal, it is better not to enter into it.⛔ Stay...
NZDUSD has been moving in upward direction on a lower time frame , price is not in the area where there is imbalance in price action for continuation of higher time frame downward sell . look for opportunity to sell and put a stop above the previous high . good luck .