Dear traders, Id like to share this idea in order to take short positions, as i share in a past idea, it is not easy to break the level of 1.25 but it is getting more selling pressure. GBP CPI figures fall more than expected so GBP might get more bearish and push it down best,
💵Pair Name : GBP/USD Time Frame : 4 hrs Scale Type : Large Scale ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Mid Term Type : Mid Term Swing —————————— Bearish Retest 1.25900...
Hello, G.U is yet to grab liquidity at 1.27500 to 1.28100 ( maximum) The pair broke the previous weekly and monthly lows, I believe in a final Upthrust after distribution (UTAD) before 🎯 a big short.
GBP/USD Live day trade. I expect the lows of February 5 and December 13 to be reached, as a stop I use today's high, London High. (nyot)
OANDA:GBPUSD Has formed a bearish impulse with a healthy correction and a lower degree impulse with a lower degree correction that is breaking out of the larger degree trend line! This is great confirmation of a trend continuation setup.
GBPUSD shows bearish momentum with further confirmation by CPI (YoY) news for this month. Trade Plan ( Bearish Bias) (1) Dow Consecutive two LHs and LLs (2) Printed high volume bearish candle, that broke previous resistance and confirms price action in bearish momentum Placed Sell Stop instead CMP. Placed TP at 61.8% Fib Level Placed Stop Loss at previous LH
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.265. The above observations make me that the market will inevitably achieve 1.255 level. P.S Overbought describes a period of time where there has been a...
So we had the push down from the final spike up, please refer to last post as mentioned. expecting price to retrace then push down further, don't jump in at the bottom. also look for confluence on MACD. Let's see! If price does not come up I will stay out.
Welcome back to "Mind Over Markets," where we delve into the intricacies of trading psychology. In Part 1, we explored the concept of asymmetric payoffs. Now, in Part 2: Think Big, we unravel the impact of the often-overlooked cognitive bias – the Law of Small Numbers – and how mastering it can turn fear and greed in your favour, urging you to think in large...
As per the last market session's analysis, the GBP/USD has confirmed its bearish momentum following the recent CPI data release. With the CPI numbers coming out lower than expected, indicating subdued inflation, the market is bracing for an accelerated rate hike timeline. This has resulted in pronounced USD strength against the British Pound. Bank of England...
GBPUSD in a strong Demand Zone. I think bump to 1.26100 ( 1st TP ) or 1.26800 ( 2nd TP ). 5m Choch enogh to confirm.
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...
GBP/USD Price Declining after Encouraging UK Inflation Data Release After yesterday's disappointing US inflation data, market participants were wary of UK inflation data. But they turned out to be more favorable. → Core CPI: actual = 5.1%, expected = 5.2%, past values = 5.1% → CPI: actual = 4.0%, expected = 4.1%, past values = 4.0% Although in absolute...
Recently I've been analyzing GBPUSD at the 1D time frame, and I believe we might be in a good spot for a 2-3 week trade moving up - and possibly making a new daily high. But beyond that, I think there might be a curved trend playing out, so I'd like to go over how to analyze such a trend using the world's only counting framework that actually works (sorry, Elliott...
According to the Office for National Statistics (ONS), UK consumer prices steadied in January, with both headline and core inflation numbers matching prior months and undershooting economists’ estimates. In the twelve months to January, headline inflation rose 4.0% (expected: 4.2%; previous: 4.0%), and the core measure—excluding energy, food, alcohol and...
GBPUSD broke and closed below the consolidation zone, which became the resistance level. The market created a resistance level at 1.25800, which is a consolidation border. Price tested this level multiple times, creating structure shelf. We expect a move down since we have a bearish trade, completing the AB=CD formation. ------------------- Share your...
The GBP/USD pair retreated slightly after the latest US inflation data. According to the Bureau of Labor Statistics (BLS), the headline Consumer Price Index (CPI) rose by 3.2% in January, higher than the expected 2.7%. Core inflation rose by 3.8%, higher than the expected drop to 3.6%. These numbers mean that inflation is still high in the country and that it will...