Waiting for rejection off the liquidity zone. Then I will look to sell from that zone. Selling only after the break below the HMA and the retest of the liquidity zone **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management*
POUND has reversed from its higher time-frame supply zone, wait for the market to approach the POI to initiate short trades. Happy Trading
FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱👤Otherwise, make sure you...
List of confluence: 1: Breakout and retest of Key Level 2: Change in market structure from bearish to bullish 3: Trendline breakout
For most of 2022, currencies were helped by rising yields on short-term government bonds. When looking at the UK bond market, rising gilt yields have reflected expectations of future interest rate hikes by the Bank of England, but ultimately they begin to incorporate more political and fiscal risks into their rate premium. Given the turbulent political climate...
I have Used SMC And Economics Events following high inflation and YEN intervention.
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar...
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(1) Bearish trend for a long period of time. (2) Expected to rebound at the area given (refer chart). And continue slightly to drop. (3) DXY projected on rallies inline with interest hikes until the inflation rate 'enough' for cooling down U.S economy.
Hello , its been 4 months since pound was dropping reaching 2 level of drop , for now im expecting another and last level of drop since its 31/OCT/2020 to make the cycle complet. you can sell on H4 order block.
the head and shoulders neck line broke powerfully and the price come back to that trend line and test it but I think will come back to the down trend and will be very powerful trend. if pay attention to the head and shoulders pattern in technical analysis and other charts, its common that price come back to the broke neckline and again go to the past trend and we...
HELLO TRADERS, We have have reached a strong resistance ZONE, so reversal is probable. we are now looking to short,
Fundamental side of the idea : The AUD by contrast is currently pressured alongside falling Iron prices. If these prices keep falling then AUD will face weakness. The Australian economy exports large amounts of Iron ore, so its price impacts the AUD. On The Other side we are seeing Inflation climbing faster , and Metals are making new High , and that should...
I missed a short on GJ yesterday. Today I entered on the 2nd continuation short currently running 4%. I will manage this accordingly once London session opens. Follow us for more trade set ups ad forecasts.
GU Sell! PA Hit my price of interest and ticked all my boxes for my high probability trade set up to execute the trade. Partials are taken and i will let the rest play out! IM in Au short too! same set up .
2min forecast on GJ potential this week. There is some great PA developing. Monday and Tuesday I will wait to see what develops before i look to execute my trades on the lower time frames.
this week pounds dropped with big pressure, so point of our views gbpusd again trope from 1.3000 level