On GBP/USD, it's nice to see a strong sell-off from the price of 1.25100. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted. We will only trade in the direction of the trend if the trend has not been...
POUND STERLING ANALYSIS - Sterling in focus ahead of lower anticipated UK inflation – BoE up Next - OANDA:GBPUSD falls back into prior trading range as USD maintains bid STERLING IN FOCUS AHEAD OF LOWER ANTICIPATED UK INFLATION – BOE UP NEXT UK inflation, expected to drop before the Bank of England's monetary policy update, is crucial for achieving the...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
Get ready for some bears. Good RR trade, enjoy. Perfect success week so far.
US DOLLAR FORECAST – OANDA:GBPUSD - U.S. dollar displays rangebound behavior ahead of high-impact events on Friday - US PCE data and Powell’s speech on Friday will be key for markets - Thinner liquidity conditions are expected later in the week because of a bank holiday The U.S. dollar, as measured by the DXY index, moved within a narrow range on Tuesday,...
In this idea, I expect this pair to push down a bit to the last support area and shoots high to the highest demand. Remember: this is not a financial advice, do your own analysis
GBPUSD : Ease in inflation to 3.2% may favor the bears As long as GBPUSD will develop below a major structure zone, we are likely to see GBPUSD moving down for a bigger correction. Bets are growing that the FED will not lower the interest rate at the June meeting. This could give a boost to the USD in the short-term. 🚨On the other hand today, the UK CPI data...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2517, which is a pullback resistance close to the 38.25 Fibonacci retracement. Our take profit will be at 1.2426, a multi swing-low support level. The stop loss will be placed at 1.2596, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Waiting for a pullback and than I'll go SHORT again,hope you have catch the previous trade
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead? Stay tuned for valuable insights, and feel free to leave any questions in the comment section below. Kind Regards, The_Architect
Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, GBP/USD fell quite rapidly during the Asian Trading session on Friday. However, in the 4-hour chart, we can see that the price is currently at the lower trend line of the price channel. So, if the lower TL holds, traders can consider going long...
GBP USD - LIQUIDITY NEED TO FILL AT RESISTANCE ZONE ,here we can see that price is already in a down trend we must wait for a break out of down trend line after that price has to retest make a long a entry as shown in the picture, follow for more updates...
It’s a good time to sell GBPUSD After we spotted a breakout In H4 timeframe We’ve been able to identify a double top pattern in m15 which provide a sell opportunity. Target Is 1.23735 ( H4 support level )
Hello Traders! I'm currently seeking a long position opportunity on GBPUSD. The price has reached a pivotal resistance level, and I'm forecasting a bullish breakout with a target set at 1.27200. I wait for a correction movement in the dollar index before executing this trade. I consider the FVG a good entry point for a long position. In case of confirmation, I...
Preferred direction: BUY Comment: The British currency also remains on the long sheet. Here, too, at the beginning of the week, as with the euro, we gave priority to purchases. Unlike the euro , this currency pair updated its local minimum, which made it possible to collect additional liquidity and liquidate “extra” buyers before potential growth. The...
GBPUSD price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 1.24273 GBPUSD price now 1.24273 TP1: 1.25270 TP2: 1.26281 TP3: 1.27196 Target zone 1.28000 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the...