Preferred direction: Neutral Comment: The British currency is under the strongest pressure from the US dollar among all majors at the moment. In the medium term, the currency pair can be bought, but a more conservative entry will be at the level of 1.22500 , where the nearest support area is located. But even here one will need to wait for a clear signal...
Price has confirmed bearish movement on weekly with a break of structure and a fvg (which is the below price action on 4hr tf). Price has been bullish the whole week with no sign of institutional of strong institutional candlesticks that change market structure. We have a few events on Friday (today) and a lot more next week including NFP (which is likely to...
The GBP/USD pair has shown signs of gaining traction during the early European session on Wednesday, surpassing the 1.2460 mark after experiencing a rebound around the 50% Fibonacci level. Despite previous forecasts suggesting a potential deeper reversal around the 61.8% and 78.6% Fibonacci levels, recent price action, in line with EUR/USD movements, indicates a...
Bearish, re-tracement leg in progress. May generate more liquidity within range before tapping into zone for potential lower price. Patiently waiting for price to reach area before initiating sells. Safe and happy trading.
FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index. On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high...
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Hello traders welcome back GBPUSD is one of the pairs that i trade most and now for weeks, days and hours keeping on eye now i decided to share with you the trade opportunity that i usually post one live trade signal each week or possible entry of trade opportunity, so GBPUSD is a wonderful setup and its high potential to buy. if you interested to get my live...
The GBP/USD pair is trading on a weak note around 1.2502 in the early hours of Asian trading on Friday. A moderate rise in the US Dollar (USD) is weighing on the major pair despite weak US GDP growth data. On Friday, the focus will be on the Personal Consumption Expenditure (PCE) price index data. On Thursday, the US economy grew at a slower pace of 1.6% in the...
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2521 which is a pullback resistance. Stop loss is at 1.2588 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 1.2426 which is a pullback support. High Risk...
Price currently trade at $1.25032 level which is a previous support turn resistance. A sell opportunity may develop away from that level and price continue to show a form of distribution from that zone. Target 1.32
Here onn gbpusd price has moved to the psychological level of 1.25000 now and now try to make another move forming double bottom which means the chances of moving up is high going for LONG is needed and targeting profits should be a psychological level of 1.25500
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Daily: - Bearish W1 - IC as S&D zone - Strong zone is broken Weekly: + MS + LCC + ZONE / FIB 3/4 SHORT 4H: - H&S + Bearish W - Corrective PA = limit
The GBPUSD is presently experiencing an upward trend and displaying a double-top pattern along with bearish divergence, signalling a robust possibility of a reversal in the trend.
The pair looks to have entered a bearish zone as a double pattern has been formed.
Hey all! Unfortunately, this new trade set-up won't come with the $100k Challenge label, as some of the previous ideas got stopped out in the challenge account due to spreads, and with the last two stop losses, we reached the 10% DD mark :( However, that's trading! Some times you win, some times you lose!:D I'll continue to post the trade set-ups I'm taking on...
Buyside Liquidity have been tagged, it remains the Sellside Liquidity I want to see a break below the highlighted swing low and then a break to the downside to confirm bearishness. Then I will look for shorts I want to see price at 1.22997