higher timeframes showing low volume candle sticks and berish structure Lower time fram is showing break of structure along with bearish patterns and signals ill be waiting for this trade next week
Morgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields. The bank's dollar spot index fell...
The price is falling toward an overlap resistance. We will wait for the price to break below the overlap resistance before placing the sell entry. Entry: 1.26079 Why we like it: waiting for bearish breakout Stop Loss: 1.27025 Why we like it: There is an overlap resistance Take Profit: 1.25033 Why we like it: There is another overlap support level Please be...
Let's talk about the pound and the dollar - they had quite a week! The pound was like a kid on a seesaw, going up and down against the dollar. Sometimes it looked like it was winning, but by the end of the week, it didn't close at the top. There was a holiday break for the markets on December 25, but the GBP/USD pair didn't rest much. There was some action because...
After marking my levels and picking my swing high and low Seeing that the market is on a bullish trend, I went for an extreme entry Market have taken out all internal liquidity and day traders are picking sell positions, am picking a long term buy signal
Continuing to monitor price action on GU. Still Bullish but since it is now the end of the week I'm Not to confident it will want to make new highs. We cant predict the price...just move with it!
GBPUSD was bullish yesterday following Wednesday's bullish price action. Price based, rallied then consolidated. Overall, price action continued to be bullish and trend has turned up. 1.2694 breakout of PZ should see further upside to 1.2724, 1.2748, 1.2762 and 1.2796. I will look to add if price dips to 1.2668 and form a bullish reversal candle for the move up.
Here is the GBPUSD structure and we are going to have a massive and wonderful trading day today the odds are in our favour, stay tuned for more updates, and do well to like share, and follow
Gbp/usd is showing massive upside potential if it gets to the marked zone
GBP/USD at Crossroads: Navigating Dollar Strength and Technical Signals Under the weight of a resurgent US Dollar (USD), GBP/USD faced downward pressure, descending to its lowest level since mid-December around 1.2610 on Tuesday. While a recovery towards 1.2650 unfolded early Wednesday, the technical landscape hints at the persistence of a bearish bias. ...
I am waiting for a conformation entry on the 15m Chart from my 4h chart multi time frame analysis. Its a b plus set up if I wait for more confluences
Jan 4th 2023 - Daily Chart Analysis 1. The Daily swing range is from 1 & 2 (See Blue 1 & 2 for reference) My prediction will move from 1 than to 2 but that is in a long term horizon 2. Current price action is between the D-Ibos high weak & the 4h-Swing High Weak. 3. Price has mitigated the equilibrium of the daily swing range 4. The trades off the supply...
The British pound has edged higher on Thursday. In the North American session, GBP/USD is trading at 1.2698, up 0.27%. UK Services Final PMI was a bright note on Thursday. The PMI rose to 53.4 in December, up from 50.9 in November and above the preliminary estimate of 52.7. This marked a second straight expansion after posting three consecutive declines. This was...
Broke 4H downtrend, already re tested trendline. AMD - price accumulated, manipulated ( sold ) and is now distributing Bought off the pullback to 30M Breaker Block, targeting equal highs on 4H. and then liquidity at the top of the downtrend.
The GBP/USD is rising above the level of $1.27 after the Dovish Lean marks in the Federal Reserve meeting and ahead because of BoE's rate decision later this day. The Federal Reserve interest rate increased to 5.5% from 5.25%, as per criteria expected. All eyes are now on the BoE. GBP/USD is extended its daily uptrend and climbed above the rate $1.27 for the...
There is likely going to be a break of structure on the which is the support zone and also the neckline of the head and shoulders pattern. Further confirmation will be on the trendline. That being said keep an eye on a sell for GBPUSD
The GBP/USD pair is showing weakness. As USD buyers pushed the dollar higher at the beginning of the new year, GU started falling short. Technical Insights: The cable has been following its supporting trendline from 1.261 up to 1.283, where it reached its peak and rejected the resistance. It made a clear break under this trendline and continued down to its...