Pound had a great move this week, however its in my option bearish in this zone. Previous weeks high external liqidity was reache and we are in the multiple FVG and IFVG levels from the Weekly TF. DXY is meanwhle making low in the H4 external 🟠Rules - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is...
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!
During the bustling trading session in Europe on Wednesday, the GBP/USD pair maintained its position below the 1.2450 mark. The broad depreciation of the US dollar, coupled with a risk-on sentiment in the market, has lent support to this currency pair. In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous...
Sterling dollar forecast We notice that the pound is moving in a descending price channel and is in a correction phase for the fourth wave. We expect further decline to complete the fifth wave, and the target is the area with small volume.
GBP/USD trades on a weaker note around 1.2502 during the early Asian trading hours on Friday. The modest rebound of the US Dollar weighs on the major pair despite weaker US GDP growth numbers. The US Personal Consumption Expenditures Price Index data on Friday will be in the spotlight.
The pair looks to have entered a bearish zone as a double pattern has been formed.
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
Currently Gbpusd has rejected from above trend line now its short as we discussed 2 months ago now its moving to our taregt zone 300+ pips already done now you can again enter and wait for our target 1.21000
Possible move on the pound i expect sellers to step in at 1.25600 level for these reasons 1. W1 counter trend line is been broken now currently retesting 2. trend line on the 4hr 3. 4hr price structure is bearish
Hello, I'm waiting for the structure to break out of the discount zone before entering a buy position.
GBPUSD Is Moving Down as Expected +100 pips so far After the UK reported soft CPI data last week, we saw the GBP take a pause and on Friday the GBPUSD began another bearish wave. However, this new wave was related to the attack against Iran by Israel. We may see a shift of liquidity across safe haven currencies as long as the situation on the Middle East is not...
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Building on our previous analysis (Link Below), the GBP/USD exhibited a bearish candle on the daily timeframe last Friday, following three consecutive days of positive closure. This shift occurred amidst mixed market sentiment, later influenced by positive economic news from the US, particularly the Core Personal Consumption Expenditures data. Despite briefly...
Hello,Friends! Previous week’s green candle means that for us the GBP/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.243. ✅LIKE AND COMMENT MY IDEAS✅
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2593, which is a pullback resistance. Our take profit will be at 1.2484, an overlap support level. The stop loss will be placed at 1.2696, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
Hello Traders ;] As I examined the GBP/USD pair, it appears we're in a prime position for a short trading strategy. The pair has retraced into the 0.79-0.61 zone, a classic area that often signifies a natural correction within a trend. Such retracements can offer strategic entry points for traders looking to capitalize on potential reversals. Furthermore, a...
# GBPUSD - H1 📣 Upon reviewing the 1-hour timeframe, with the break of the resistance level in the range of 1.2577, buying can be considered with a target of 1.2660. ⛔ Stop Loss: 1.2510 On the other hand, with the breakdown of the 1.2510 range, one can be optimistic about a price decline towards the range of 1.2440. ⛔ Stop Loss: 1.2577
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...