Hello everyone, let's discuss and come up with a strategy for the new day! Regarding the influential factors: Currently, GBP/USD is holding losses below 1.2850, trading around 1.2836, marking a 0.13% decline for the day. Meanwhile, the US dollar is preventing its losing streak as the market turns cautious ahead of the highly significant US CPI report scheduled...
GBPUSD is currently at the pivot and could potentially fall to the support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2821 Support: 1.2762 Resistance: 1.2841 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money...
Our Bullish Tend Is Broken, Price is Predicted To Come Back To Retest And Take Out Liquidity @ 1.28230 EQH Zone And Sell Strong From Supply Zone @ 1.28400
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...
Looking to short GBPUSD towards a Lower price range.
✅EUR_USD went down to retest a horizontal support 1.276 Which makes me locally bullish biased And I think that a move up From the level is to be expected Towards the target above at 1.2825 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello Traders! This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450. Traders,...
GU has been respecting my structure zones pretty well very simple and clean to see... Price has broke a weekly resistance level earlier this morning of the 1.28138 region and could possibly retest as new found resistance to go lower.. If price does respect the 1.28138 specific price we can possibly see price head towards our next weekly structure zone of around...
GU in a bullish trend on Daily Time Frame Broke above the Previous year's high and no divergence on RSI. Price is now retracing to form a HL getting support from 9EMA. Buy Limit set at the 0.5 fib retracement level and SL below the low of the current leg TPs set according to the risk taken with 1:1 (TP1) and 1:2 (TP2)
GBP/USD is set to snap a winning streak, aimed to the downside on Monday after closing in the green for six consecutive trading days. The pair briefly broke out of the top side of a heavy supply zone, but failure to capture the 1.2900 handle on Friday is sending the GBP/USD back below resistance. Despite near-term bearish momentum, the pair remains well above the...
Using Elliot wave 5-wave cycle its time to go to number 5, its a simple concept, yet simplicity could work.
Late entry, got in on a pullback tho -support zone -Rsi oversold --->small price movement to the upside
LONG - GBPUSD - 1HR (03/12/24) My analysis on the GBPUSD pair is: 1. on a daily chart, we have a bullish trend 2. on a hourly chart, we have a bullish trend 3. it has almost 50% retracement, that said, means a good pullback 4. RSI is at 20 level. It means it is oversold b the traders 5. Hour conformation candle is confirm 6. risk to reward is more than 1:1 7....
Hello Traders, In today's trading session, we're keeping a close eye on GBPUSD for a potential selling opportunity around the 1.28100 zone. GBPUSD has been following a downtrend, and it's currently in a correction phase, nearing the crucial support and resistance area at 1.28100. Adding a fundamental layer to our analysis, today's release of the Consumer Price...
The GBP/USD reacted to the resistance and support trendline. Take a look how it is moving inside the triangle.
GBPUSD find a AB=CD pattern and there is no any bearish divergence BUY on CMP and HOLD
GBPUSD appears bullish on the daily timeframe with FVG fill and a test of support level.