This is my view on the British Pound/US Dollar from a weekly perspective.
I feel as though the tide is changing for the Sterling, FINALLY. The #1 indicator that'll never fail you is Price Action itself, and since we know this I'll share my thoughts as to why I believe it'll eventually head further up.
Confluence (3 or more):
1. GBP had bottomed out, but...
As the American is into the reccesion for long-term, America experiment a grant deprecciation of their value in long-term!!!
Well in monthly timeframe we could see a formation of armonic pattern, that mean that Sterling Pound it's could be to reach the 1.27% or 1.618% of Fibonacci's armonic.
It's so curios becuase hile Euro is up, Sterling is up too and have the...
Hello guys, in this technical analysis, we see how Sterling Pound is go to drop the price, also economyst and financial analysis hope that the currency going to crash the value of the USD. So, guys the situation in Great Britain is warn a possible gran reccesion in UK based in the unemployment crsisis and healthly system about the growth of covid-19 cases. Also to...
Short Opportunity July 7th CONT.
Here after review on the higher time frames I have found reason to anticipate a bearish day for the GBPUSD currency pair today July 8th, 2020.
As stated on July 7th, I have found a supply/ resistance zone along with price action indicating a significant rally approaching from the 107.500 level.
Continued throughout today price...
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This will be my official 2nd analysis on a Pair which I will share with you here on Tradingview .
On the chart displayed is the 1H timeframe. We can see that the sterling finally broke out of the more than 6 Day consolidation box.
We also successfully...
Long is definitely still an option - check monthly and weekly outlook.
Retracement is needed however, with Europe opening - we are clear that this zone will have price action in the supply.
Good luck today - it is volatile out there and fresh zones are touched
We've got a little bit of a gap up here and I'm looking for a chance to buy on a slight drop.
I've drawn my entry line at a potential support area that I'm looking for a drop to as well as support to hold to help confirm it's time to keep buying this pair.
You can see my price structure that I'm setting as a take profit left on the left side of the screen....