Technically GBP looks ready to revisit 1.2500 Dollar is likely to weaken for a while That offers rooms for GBP to advance 1.21 should offer support Drop below 1.21 is an invalidation of the setup
GBP/USD (Great British pound VS Us Dollar) In a weekly chart, We can clearly see the ending diagonal (falling wedge) on the chart and now it's time for a reversal. When the ending diagonal form after then We will see a sharp reversal to the opposite side. Most probably we will break the $1.4 area in some weeks or months. DISCLOSURE - Please be informed that the...
We see Price break a level of support and form a new low. The level that got broken has a probability of acting as a level of resistance. SUPPORT TURNS RESISTANCE. TIP: Use Conviction
Hi everyone We all red the news from the federal reserve,well considering that many might think we can reach higher for GBPUSD. Well news always have a huge impact, but traders might have more. In 4 hours chart we have a bull wedge pattern and in case of breaking out of the trend line, the trend might go side way or bearish( more likely). Now we have a...
• After breaking down from the yearly descending channel, which was a signal of a strong momentum down, the Pound has been rallying for a while • The pair is trading inside a rising wedge, a reversal bearish pattern • Buyers tested the lower trend line of the channel, which is a typical move after a breakdown and apparently they gave up • Looks like today is...
Only trade for today. Missed most opportunity from morning, nice 1:3 RR here
Final trade of the day! News coming in at 3.30pm see if we can get back to daily open.
Hello everyone As USD loses it's value over the news from federal reserve,better prices for the pairs with this currencies can be seen allover the market. For now, over the possibility of the exhaustion of the trend, we may have couple of RED bars in the way of our Bull trend, but since we have an OIO pattern( outside,inside,outside)it's more likely to have...
Looking to short GU from 1.23000. Possible third touch of descending trendline Confluences: - Bearish market structure as LLs and LHs are being printed. - Broke below 1.23000 support region without retest. - Retest level (1.23000) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal level + third tap of the descending...
Hello everyone As you can see after a good rally, now we have a divergence on our chart and a possible double bottom pattern. This obviusly does not need my explanation at all. For now, we have the support line of 1.23$ and the resistance level of 1.25$ which the price might see by the end of the week. Keep this in mind, never try to find tops and bottoms of a...
The Pound is weak. The DXY is rising and the fundamentals are overall strong for this month. This is a great set up. Once price breaks that bottom structure: .... strap up and enjoy the trip down south! Never over leverage. Trust your set up. Have Fun!
GBPUSD: We have seen the DXY fly to its weekly highs over the past few months. In my opinion we will start seeing resistance play out on the DXY; which indicates we will see a bearish dollar; implying GU will turn bullish. As you can see on the chart, I have labelled the blue boxes (4hr areas). From my analysis I can see GU falling towards 1.24500. From that...
GBPUSD broke below 1.3 because of the UK PMI negative news, now looking for a potential pullback at 1.3 to short cable down to 1.27 Next week will be very volatile as thethe four largest U.S. companies by market capitalization: $AAPL, $MSFT, $AMZN & $GOOGL will report Q1 earnings! and this is something you don't wanna miss out if you are interested to trade this...
As it is clear from the photo GBPUSD has made previous highs of 1.314 and then retest the previous lows, The pair has again been trying to gain bullish momentum. 1.3 could be a great buying opportunity for the pound against dollar.
No rush in it. DANGER . Make your own RR analysis before entering a trade. Be also prepared for a rush and unexpectedly drop till 1.0-1.12. The most dangerous trade I have ever had. Not for new traders or those who are not tolerate huge risk.
Pound downtrend had been engulfed by a bullish one in the support zone. Wait for a confirmation and CPI data for British coming out soon. HIT IT HARD! Charts never lie. *This is my only opinion. Trade at your own risk. The trade you gain or loss is not my responsibility.*
Pound dollar most likely to fall, some demand zones didn't tested yet...
FX:GBPUSD We see Price has just created an impulsive move to the upside which signals the involvement of smart money. Price is presently trading in a range from a supply zone which indicates resting sell-side liquidity at the inception of the bullish impulse into the area of supply. I want to see price take out resting SSL and give a tap into the 4H demand zone....