After the completion of the corrective pattern, the beginning of the upward trend has been formed. Considering the behavior of the price at the 100% level, it is expected that a corrective trend will be formed and after some fluctuation, the upward trend will continue
Here on GBPUSD price has made a rebound around psychological level of 1.28500 now heading over down to another level so looking at Elliot wave we can see that is predict down so going for SHORT is needed and targeted profit should be around psychological level of 1.28000 and 1.27500 and 1.27000 .
Unlike the other currencies, GBP is somewhat stronger, closing Friday with a rather strong green candle. Based on price action, it would be a long for GBPUSD but as I am bullish DXY for now, if I were to long GBPUSD, it would be from a lower level IMO.
If GBPUSD trades below PZ, I will not be interested to be long IMO, not until 1.2807 or 1.2759 to look for...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
GBPUSD is approaching the resistance that aligns with 78.6% retracement and could potentially fall to support.
Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 1.2906
Support: 1.2689
Resistance: 1.3133
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should...
GBPUSD broke and closed above a key daily horizontal resistance
and set a new higher high higher close of this year.
The broken structure: 1.277 - 1.283 area, turned into a demand zone now.
I will expect a bullish trend continuation from the underlined blue area.
Goal: 1.293
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Hey team, Hope you enjoy Our Ideas and Analysis, Today we are monitoring GBPUSD is for Short Term Selling Opportunity ,
I am also waiting for liquidity withdrawal in the zone of interest with the subsequent update of the maximum. I will wait for a formation.
There are several zones, but where there is liquidity capture the zone is better.
Happy new week traders...
Last week we started a bull journey on GU and price is active and locked in profit..
Its essentially our first bag for the week..
Whats the odd that I will not only be trading this by my self but want to trade with a bigger community..
I know success exist.. but it can't be singularly identified, thats why i stay...
To avoid false breakout wait for 15 min candle close above the rassistanc line and for more confirmation entry on retest
And Stop loss will be swing low and Target is privious rassistanc
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
GU ran major highs on Friday, and we have seen that the markets what higher prices so we of course will follow this rally as we have from the major lows at 1.25400.
The ideal move for us here is the price to pullback into a lower areas and give us a nice long move out of said areas, we have seen a pretty big shift into our highs without pullback so this is what...
I am forecasting the probable direction of price of GBPUSD using Price Action Analysis, Algorithmic Concepts (authored by ICT) and an overlay of the Ichimoku Indicator.
If I were to take this trade, it would be on Tuesday or Wednesday after the Pullback.
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk buy zone) spanning from 1.28130 to 1.28000.
Things I Have Seen👀:
Medium-Risk Buy Zone🟠: Positioned between 1.28130 and 1.28000, suggesting another area with moderate risk for potential buying positions.
Bullish Targets📈:
1.28400:...
I am forecasting the probable direction of GBPUSD. I am using Price Action Analysis and Algorithmic Concepts authored by ICT (Inner Circle Trader) with an Overlay of the Ichimoku Indicator.
*If I were to take this trade, my entry would be on Tuesday or Wednesday.
The daily timeframe has created a new higher high within its uptrend, giving evidence towards a lower timeframe bearish movement before continuation to a new daily higher high.
The 4h timeframes depiction of the daily higher high, looks to be overbought. I'd expect 4h price to create a downtrend within the daily exhaustion, giving the potential for short...
