The current selling zone for the GBP/USD pair is at 1.25284. Traders are eyeing multiple take-profit levels, with the first at 1.24585, followed by 1.24000 and 1.23500. These levels represent strategic points where traders aim to exit their positions to lock in profits. Additionally, a stop loss has been set at 1.26000 to mitigate potential losses in case the...
📉🚀 GBPUSD Market Update: Inverse Head and Shoulders Breakout! 📈 Great news for currency traders! GBPUSD has shown a promising development at the bottom of its current downtrend. We've identified a reversal chart pattern known as the inverse head and shoulders. Excitingly, the price has already broken through the neckline of this pattern, setting the stage for...
Hello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing...
GBPUSD after taking out the buyside liquidity price has been ranging after the retest now we have a bullish engulfing candle am expecting a breakouts above 1.25725 then more buys till 1.27119 is completed JOIN AND ENJOY... What do you think.............?
We can notice that the price in 4h has broken the upward trend that it had maintained until now, forming a choch, FVG and activating the marked areas to look for sales. Placing ourselves more in the present, it is obvious how the price has once again formed an upward trend which has been broken again However, when going down in temporality we see that a lower low...
GBPUSD is preparing to move lower again GBPUSD has already tested a very strong structure zone and we could see the price moving lower today. The bearish move could also be supported by the idea that Fed Chairman Powell may be hawkish during the FOMC press conference. If they send any message about a possible rate cut by the end of the year, that could give...
I have a bullish bias on DXY. I am waiting for its chart to take Fridays LOTD. Once this happens and I see bullish price action play out on that chart im going to look for bearish price action on GBPUSD as well. My first target is going to be the daily low we made on Nov, 13, 2023. Make sure to like and follow for more updates on where price will go next. As...
GBP/USD will definitely buy, the main entry is already in profits too bad i missed the trade but there is still a chance to take an entry because price came back little to the down side.
The GBP/USD currency pair is indicating a potential bullish opportunity, with a targeted entry point identified at 1.25452. This level serves as a zone where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests a bullish outlook for GBP/USD, with a projected target set at 1.28000....
Hello all, for GBPUSD if it respects the breaker block, I will look for a bullish continuation in the premium zone.
Price has been retracing for the second week now ever since the last bearish breakout. On ICT view, I see fvg and premium zone on fibo. Another fvg was left below as seen on chart. So as of the rules, we expect price to target the imbalance. We have a downtrend and trendline which we might expect to get 3rd tough on the trendline before reversal. There is also a...
Greetings Traders! In this comprehensive video, I'll delve into the DXY and GBPUSD, offering valuable insights for the week ahead in trading. It's essential to adapt your strategies to the market conditions. Presently, we've witnessed a retracement to a significant point of interest, hinting at potential bearish momentum to follow. Stay tuned for the latest...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
OANDA:GBPUSD is in bearish trend forming a series of Lower Lows and Lower Highs. It is now retracing towards premium 50-75% fibonacci levels where we can look for short setups.
At current Scenario keeping a bullish divergence in mind better Short Entry is Avoided at this moment.
Hi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and...
Long GBPUSD, 1H entry 1.25279 - 1.25168 sl 1.24812 tp 1.26680 move sl to entry if price reach 1.25672 OANDA:GBPUSD
Hello dear traders, we have the analysis of the pound chart, which I have drawn very simply and smoothly. In the pound chart, the daily trend line has broken and created a CHoCH. And now in the process of pulling back to solidify the order block, it is left behind. Or for daily liquidity accumulation? In any case, the trend will reverse. Or with the order block...