GU closed underneath liquid zone on Friday leaving us 2 ideas. 1 (curve) expects price to retreat back to zone showing candlestick rejection, looking for another drop to 1.23 2. (Path) Sweep of early sellers
GBPUSD is rising toward the pivot point that close to the 61.8% Fibonacci retracement and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2421 Support: 1.2367 Resistance: 1.2482 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
After we saw a pause in the Pound following the release of weak CPI data from the UK last week, another bearish wave began on Friday for GBPUSD. However, this new wave is linked to the Israeli attack on Iran. As long as there is uncertainty in the Middle East, we could see a shift in liquidity between safe-haven currencies.
GU failed to break 1985 support level and bounced forming a change of character(change of direction) we also have more swing highs than lows. AN unmitigated OB which is followed by liquidity voids that were absorbed is fueling the market even further for buying momentum
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
GBPUSD has broken down from Daily range movement. Now it is forming a small pattern that is still likely to push the pair downside to 1.2200. For this upcoming week I will be waiting for short opportunities on GBPUSD.
Waiting for a retest of 1.24066 or 1.25189 to short GBPUSD back to 4H swing low at 1.22198 If you agree drop a like and if you have any questions leave a comment :)
Everything you need to know is plotted with lines inside the chart But in short: I think the price should have a pullback to Fvg (before Choch), and this pullback can be with shadow because a flipzone also support Choch zone. At the moment, my view is bullish up to FVG, and as soon as it hits it, it will probably be bearish (after checking the strength of the...
Price has reach a new level where it's possible that level will turn support and more buyers may enter the market. BOS on the weekly time frame happened and we are looking for a retest.
GBPCAD- PRE-OPEN IDEAS Legacy key level, if Dollar still strong look for break and retest. Any pound strength ignore for now.
Welcome to our latest update on the GBPUSD currency pair! In this video, we delve deep into the current market conditions, analyzing key trends, and providing insightful forecasts to help you navigate the dynamic foreign exchange landscape. Join us as we dissect recent price action, examining critical support and resistance levels that are shaping the GBPUSD's...
Looking at GBPUSD on a larger timeframe, cable has been bearish for the past 4 consecutive months with no signs of slowing down. price action is currently trading in premium territory but with 1.23035 yearly equilibrium looming down below, there's a high probability chance that cable will continue to selloff into a discount. Over the course of 1 1/2 years, the...
Trade Strategy: Trend Continuation - Key Level (1-hourly chart): Retest at 1.2419 - Additional Setup (4-hourly chart): Bullish Shark Pattern at 1.2141 Analysis: - Approach: Identifies potential opportunities for trend continuation trading - Key Level: Looks for a retest at 1.2419 on the 1-hourly chart as an entry point - Additional Setup: Considers...
Price have hit the Weekly timeframe bearish OB and also forms an SMT with EU, I would expect further expansion to the downside into the Sellside liquidity at 1.25 level
GBPUSD is currently in a downtrend and price is yet to reach a support level for a buy. FX:GBPUSD
GBPUSD reached an important golden zone on high time fame, and reached 160 fibo level,I can see that we can go long from this zone when the market opens tomorrow.
I see a narrow channel dropping price into a larger channel and both at the lower band respectively. With multiple price oscillator in the over sold region, I'm seeing a potential bullish move next week in #GBPUSD.