GBP/USD, H4 14 March 2024 Pound Sterling saw a modest rebound post UK GDP data release, which met market expectations. According to the Office for National Statistics, the UK economy returned to expansion in January, rising by 0.20% after contracting 0.10% in December, which aligned with the market expectations. Despite returning to growth in January, Pound...
Currently, GBPUSD exhibits bullish institutional order flow . Despite a primary sell-side objective, I anticipate GBPUSD to target the m15 Inducement Order Block to fill the Liquidity Void. Additionally, I foresee it taking the H1 Buy Stops, serving as our Draw On Liquidity. I will initiate a confirmation entry to capitalize on this bullish opportunity....
this chart pattern still valid or not? please share ! disclaimer this is not a signal be smart i just share about chart pattern
We now seeing a break out pull back to the resistance cloud from 1.28 and on a reversal can go up to 1.28267 as a first point.
The pair has been on upwards movement until the recent BOS and the retest to the bounce off resistance zone seems completed paving way for the likely fall today @ DANCOLNATION CAPITAL , We shall be refining our entry strategy to make the most of the moves
Hello to all our subscribers. Please share your personal opinions in the comments. We kindly ask for your support through boosters and subscriptions. Several important indicators, including the GDP of the UK from the previous day, have been released, and on Tuesday, the US Consumer Price Index for February was announced. As a result, we've seen some increased...
long gbp hit pwh ** bearish on dxy ** sl :1.27880 **tp: 1.28850
The pound, like the euro, is in a long context, with clear work on fractal liquidity below. The main intraday target is the high formed on Tuesday.
At present, prices are at extreme premium levels, with a notable reaction from a premium m15 Order Block , in mitigating the Order Block we also filled the Liquidity Void left by yesterdays CPI News Release . A market structure shift (MSS) has occurred, suggesting a potential reversal as we aim to target the H4 Sell Stops, our Draw On Liquidity....
On the 2-hour chart for GBP/USD, we're nestled right at a crossroads. The pair's just broken through a constraining pattern, possibly a wedge or flag – these are typically continuation patterns, and given the recent uptrend, the bias might just stay bullish. The 21 EMA is hugging the price, suggesting it’s undecided whether to keep climbing or take a breather....
Consider entering the GBPUSD buy zone at the current level of 1.27345, securing an entry price. Anticipate favorable outcomes with take profits set at 1.27619, 1.28530, and a higher target at 1.29164. Safeguard your investment with a stop loss at 1.26565 for risk management. Embrace the potential for positive market movements.
Hello everyone, let's discuss and strategize for the day! The GBP/USD pair remains below the psychological barrier of 1.2800 in the early Asian trading hours on Wednesday. Overall, the trend is still bearish in today's trading session, with prices breaking through the support level of 1.0800. It is currently facing a cross-resistance level around 1.2790, marking...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2803, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. Our take profit will be at 1.2755, an overlap support level. The stop loss will be placed at 1.2864, which is a multi swing high resistance level. High Risk Investment Warning...
I am looking for a move lower for GBPUSD yesterday on rejection off the 1.28 strong level. GBPUSD did close slightly higher but overall GBPUSD is much in a tight range yesterday and GBP is weak. Overall, it is anyone's guess what would be the next direction but regardless, trading based on the levels would work. But I would say that, I am looking for 1.28 to hold...
If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only...
Here on GBPUSD price has made a rebound around psychological level of 1.28000 and Elliot Wave also pridicting buy this means that going for LONG is needed and targeting profit should be around 1.28500 , 1.29000 , 1.29500 . Use Money mangement
GBP/USD continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair. The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack...