**GBPUSD:** The price is expected to fall to the key level at 1.2485.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
simple support and resistance with reference of DXY
-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...
Currently, my focus is on observing the H1 Bullish Order Block, which notably incorporates an embedded m15 Bullish Order Block. This configuration appears robust, particularly due to the presence of inefficiencies such as the Liquidity Void and Fair Value Gap. Upon market movement, my anticipation is for price to gravitate towards the liquidity provided by...
The GBPUSD price created a strong bearish candle with high momentum and broke through both a horizontal support level and a significant upward trend line, closing below them. There is a possibility of a retest of these broken levels followed by further bearish movement. The next support level to watch for is at 1.2543.
I stand with these expectations from the market on this pair ... a bullish move from this area before we experience a missive short bcos their are some imbalances that needs to be filled up there before the bearish move .
GBP/USD, H4 25 March 2024 The GBP/USD currency pair is exhibiting sustained bullish momentum, currently hovering near the 1.2600 level as the market anticipates further developments. Revisions in market expectations regarding a potential Federal Reserve rate cut in 2024 have emerged due to ongoing inflationary pressures in the U.S., contributing to the...
as my drawing implies I am actually waiting to see market reaction at these areas to determine my position but sure a long before the massive short
GBPUSD moved out of the descending channel and dropped. Price broke and closed below the psychological level at 1.27000. The market created the fibo cluster to short the market, where there is resistance and 38.2/50% fibo retracements. We expect a breakout pullback and continuation trade. ------------------- Share your opinion in the comments and support...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
This pair has breached the daily reversal zone. Bearishness is expected to follow. On the 1 hour, we have seen price make a bearish impulse. Price is expected to pullback bullish into the bearish PB. We have refined the PB into a much smaller zone, and we will expect prices to rally all the way into that zone before reversing to give us a bearish extension. There...
Sterling is consolidating at slightly lower levels after the Bank of England's dovish bout of communications late last week. Thursday's dovish statement and minutes were backed up by an interview from Governor Andrew Bailey in the Financial Times on Friday. Here, he implied that multiple rate cuts would be coming through this year. That dovish turn from the BoE...
1. Daily: Downtrend 2. CBDR: 21pips 3. Asian Range: 25pips 4. Intra Profile: Late Protraction - 15min OB entry - OTE
FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD We are short term selling GBPUSD for this area, and we find some good place to shoot BUY.
#gbpusd price action analysis (smart money): Support (green) and resistance (red) areas ahead of the movement of #gbpusd that will react upon reaching them. If you pass through any area, the role will change in the area.That is, support turns into resistance and resistance turns into support.
This chart shows a bearish candle pattern with the last red candle
Trade #1 Entry Level: 1.26070 (Buy Stop) Stop Loss: 1.25478 Take Profit: 1.2666 Risk to Reward Ratio: 1:1 This trade setup offers a risk-to-reward ratio of 1:1, which is generally considered a fair risk-reward scenario. The stop-loss is placed at a reasonable distance, allowing for some price fluctuation without getting stopped out prematurely. The take-profit...