GBPUSD produced bull flag Idea. It is currently clear of news until tomorrow and now the bull flag is produced after strong momentum to the upside.
Currently, I'm observing a continuation of bullish institutional order flow , particularly towards the H1 Buy Stops , which serves as our Draw On Liquidity . Price action is positioned at a crucial juncture, resting upon a significant H1 Bullish Order Block , aligned with a reclaimed order block — an institutional support zone. In this scenario, I...
Idea is it longs to where the white line is or in the area of the red box. Once it does, short the white line. This just an idea, I'm already in the long position. Testing a Volume+ FVG strat
Not trading today because of no news but this is what I'd be looking at... I'd be looking at getting involved if price pulls back, I'd be long until price reaches the daily OB (red line) and then I'd wait.
Counter trend set up trade Shorting position at 2670. Daily BIAS remain bullish. Going down on 1hour TF, you will see that EQH has been taken mitigating the orderblock that correspond with IMB on the same time and price. SL2690 TP1 2619 TP2 2600
GBP/USD continues to move sideways, awaiting inflation data from the United States for a new direction. The GBP/USD exchange rate is trading around the 1.2660 level and remains within Monday's trading range. Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) are supporting an upward trend for this currency pair. The...
H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Price may go bullish from the current market price as it bounced off the level of 1.26521. A buy opportunity is envisaged. My first target will be 1.26836 and second target is 1.2707
GBP/USD 1H - This is the second pair I provided analysis for yesterday and ask you can see price has played out as predicted on this one as well, we wanted to see price trade up from this area of Demand. Price has done exactly that, breaking out of this ranging market, we have now seen a new bull run take place. Due to the lack in volume I am expecting price to...
Hello traders, come discuss and strategize with me today! Overall, GBPUSD has undergone a significant correction (as shown on the 3M chart) with the price falling above the 1,450 level. It is currently trading at a new high of 1,257 after touching 1,038, marking a gain of nearly 27%. As RalphBenjamin mentioned in the analysis, GBP is currently in a correction...
GBPUSD tap into the previous lower high and now price is making possible rejections with a bearish inverse hammer candle which indicate a downtrend am taking a short risking 14pips from this current position JOIN AND ENJOY Let us know what you think.........
GBP/USD has encountered a robust resistance within a descending channel, indicating a potential completion of a harmonic pattern (butterfly). Anticipating a downward movement, I foresee the pair targeting 1.25660 initially, followed by 1.25300 as the second target.
This is a counter trend analysis so if you decide to take this use proper risk management.
🔸Let's review 8 hours chart for GBPUSD today. speculative buy/hold setup for GU bulls, H*S setup in progress. Currently we triggered neckline of the pattern structure, therefore expecting more upside/gains until we complete the sequence and print RS at/near 2780/90. 🔸H&S structure is defined by LS/resistance at 2790, neckline at 2540/60, head of the structure at...
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 1.2663, which is an overlap resistance. Our take profit will be at 1.2613, an overlap support level that aligns with the 61.8% fibo retracement. The stop loss will be placed at 1.2684, which is a swing-high resistance level. High Risk Investment Warning Trading...
As we all can see price was rejected at 1.26600. Short position below (1.26600) and target 🎯 (1.26350) support level.
Market Analysis PT2/2 (9th April 2024) GBPUSD Analysis On the 4 Hour timeframe, price action created a Bullish Change of Character after testing a 4 hour bullish orderblock. In the process, a 4 hour Bullish Fair Value Gap has formed. This indicates that price action will most likely continue bullish. What i want to see happen later on is for price to come...
Greetings everyone, today GBP/USD continues to exhibit robustness, steadfastly trading around the 1,2650 mark under the fresh glow of Tuesday's Asian market session. This currency pair is surfacing as a phenomenon on the eve of important consumer price data set to be released on Wednesday. Amidst the relentless market turbulence, the US Dollar is struggling to...