GBPUSD is a confirmed selling market.I would sell if the resistance holds
price has been waiting to move in position to start a bearish move. we are now in position to form a solid H&S pattern on the 8HR chart. need to continue to see confirmation it wants to continue down though so will scalp cautiously.
I am bearish for the week for GU. On Monday price moved higher, I speculating that move higher was to form the Weekly candle wick. Today I am looking for price to ideal via news tap into the 1hr Ob above and take out buyside liquidity in the form of previous day high (PDH) and Old highs (IRL). If price give a confirmation to move lower then ill engage else i'll...
The trend is your friend until it ends. As you can see GBPUSD is still on a down trend.BIg support break out and retest.
Here the price made a rebound around psychological level of 1.25500 and now trying to break the trendline after bouncing up several so going for SHORT is need and targeted profits should be around support area down .
gbpusd 15 min R/S tgt is all set up side and down side
Upon closer look we have 2 possibility. Market validate double bottom pattern & break trendline. OR will it reject trendline and form HNS pattern. IMO GBPUSD will break trendline as the USD Currency weaken unless US core ppi show positivity. Whats your opinion om gbpusd?
Analysis: Daily Resistance 1hr Trendline Break Awaiting Technicals aside guys, it is really important for you to find who you are. Trading is a spiritual journey more than anything, find who you are. It took me a while to figure out who I was after life traumas change your personality. It's part of the game, who are you? Are you a Scalper, Swing or Investor? Or...
The cable (GBPUSD for newbies) is definitely of my favourite pairs. My previous plan was just really accurate, and i am here sharing a short term plan. I expect a drop tomorrow that could lead the price below the short term trendline, and i think this drop could push the price lower. I expect a bearish trend till Friday morning, where we could see a possible...
The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. The UK labor market has held up well despite high interest rates but cracks have appeared and Tuesday’s job report is expected to be soft. Employment change is expected to slide by 215,000 in the three months to March, after...
Price has been bearidh on GU for a while now. We a currently testing a daily OB. We can also see a smt divergence with EU. With all this confirmation we can speculate that GU is looking to continue bearish.
If the price crosses the support range, the downward trend will continue. Otherwise, it will be possible to continue the upward trend up to the previous ceiling range
Following last weeks' momentum, I expect a break to the upside from the 1.25299 area but wont be surprised if price goes to 1.24747 for a pull back before going long
Interesting to see how price action plays out. Bullflag pattern printed with the notion that bulls could break out of a bullflag when the total opposite could happen.
the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market...
going thru GBPUSD 4H , we can see the liquidity formed but the "support" level , we will look for the liquidation of the early buyers first theeem look to buy at our 4h demand zone.
“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.” Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation: Support: This is a level where the price tends to stop falling and bounces back up....