The British Pound is declining against the US Dollar following a day of volatile trading due to escalating Israel-Iran conflict. Leading figures from central banks, including the Bank of England (BoE) and the Federal Reserve, continue to make waves in the financial markets. Overall, the GBP/USD currency pair remains within a downtrend channel. This is evidenced...
- For sure one of the most easy forex trade setup that i saw in my entire life. - Buy = 1.05 - Sell = 1.24 - Under 1.05, just go to a church and pray. - Feel free to check my older DXY analysis to get some clue : Happy Tr4Ding !
Waiting for a pullback and than I'll go SHORT again,hope you have catch the previous trade
This pair is currently in a bearish trend, but I anticipate a potential reversal near a major demand zone around 1.23000. While we wait for price to reach this level, I'll be monitoring for a minor retracement back to the recently formed 4-hour supply zone. Once the retracement occurs, I'll be looking for selling opportunities in line with the prevailing trend...
The recent price action on the GBPUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
GPBUSD's bearish ChoCh was already formed in H4. I see GBPUSD will pull back wave 4 before continuing the H4 bearish trend. Potential levels are 1.226..
22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.
Did an analysis on GU. seeing multiple confirmations for an entry long -Bollinger bands showing an oversold level on H4 -RSI forming a divergence below 30 on H4 -Trendline showing a break and pullback on both H4 and H1 -Completed 5 impulse waves down
-Weekly 26 EMA pointing downwards. -Price just passed under the 26 EMA. -Weekly slow MACD crossover heading to the lower half. -FED pausing rate cuts. Short trades preferred. -15 min consolidation with a short bias as the price is mainly on the lower half of the area. Entry after the pullback on the lower extreme and a bearish candle-pattern...
Friday was very bearish for GBPUSD and the market formed a strong bearish candle on a daily. The pair managed to violate a wide and significant demand zone and close below that on a daily. The market may keep going lower next week. Next support - 1.222 ❤️Please, support my work with like, thank you!❤️
In this idea, I expect this pair to push down a bit to the last support area and shoots high to the highest demand. Remember: this is not a financial advice, do your own analysis
Like the euro, the dollar is in a bearish state and there is no sign of buying. Now the price has reached the floor and selling is risky. You can wait and sell if the floor breaks, or wait for the price to pull back and see the necessary signs. To sell, sell. Be happy
Price is still very much bearish considering the price action that’s being displayed. We can see how price traded and lower and closed around $1.23634. We’ve market out some levels to watch out in the coming days. First the price level of $1.23634(low) And 1.24986 (broken support)
Like the euro, the dollar is in a bearish state and there is no sign of buying. Now the price has reached the floor and selling is risky. You can wait and sell if the floor breaks, or wait for the price to pull back and see the necessary signs. To sell, sell. Be happy
Previous week as been bearish ,o before we continue our bearish to movement to tRget the prevous week low,market creating series of strong high otherwose knownas turtle soup
Hello,Friends! The BB lower band is nearby so GBP-USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.241. ✅LIKE AND COMMENT MY IDEAS✅
we saw gbpusd rally to the downside through out the week but that's about to change, as we see from next week moving forward the bulls are taking over.
Price has been respecting the fib levels so I take on the fib .618 to be the next likely support/target.