Here gbpusd has made a double bottom on 1hr timeframe which means that price will go up . Also the Elliote wave predicted that . So it important to use money management while going for LONG
Hello Everyone,
The GBPUSD is currently approaching the weekly support level, and if it fails to hold, there's a chance it may test the monthly pivot point. However, at present, the overall outlook suggests potential for further bullish momentum.
TradeWithTheTrend3344
Price has fallen fallen to the local down channel. Technically, I’d be looking for a sell opportunity once price bounce back to the upper resistance channel
My analysis on GBP USD.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement,...
DXY is starting to lose momentum it fail to reach the previous high with that being said the Pound is regaining strength the pound also failed to break the last low so im looking to go long
-Hello everyone !
-Here is my opinion on GBP/USD:
-P.O.I (Point Of Interest)
-An increase in liquidity.
-An interesting area.
-Optimal Fibo (OTE).
-No counter-trend.
- FVG (Fair Value Gap/Imbalance) *Optional
-Plus we have a very nice shopping area next to our TP!
This is why I would see the GBP/USD going DOWN!
🚀 If you liked it and want more, don't hesitate...
After the BoE interest rate was announced “same as expected, price made over 0.7% drop. This signals a possible drop to 1.24. I anticipate a sell off from the current market price.
Target 1.24
Take a look at our analysis for GBPUSD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.271.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.276 level.
P.S
We determine oversold/overbought condition...
We have news in 10 minutes, Keep eyes on that ( It's technical analysis and I'm going to take this trade just waiting for conformation). Without Profit descriptions are useless.
Educational Analysis says GBPUSD may move in this range for some time according to my technical.
Broker - FXCM
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a...
$GBP - What shall we do now?
GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options!
1 Emergency rate hike
2 Intervention
3 IMF
4 Fiscal spending
5 Swap Lines
Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
Dear friends and fellow traders, we are seeing the formation of a top
in GBPUSD. I am expecting gbpusd to fall more in the next two weeks,
initial target is set at 1.25.
My scenario #1 is that GU goes for the LQP then sweeps the stockout module which is also a liquidity pool and we continue down>
#2 scenario is we just go down without comming back to balance.
What do you think?
LQP = Liquidity Pool
RBD = Rally Base Drop Supply Zone
2WT = 2 Way Trap
Price retraced into golden zone, GBP bank rates remaining the same which often results in bullish momentum. Yesterday daily bullish engulfing close, todays has tested the lows from 4hr breakout area. US unemployment claims later which should provide volume to continue to the upside.
