For over 10 days, Cable has been trading within a choppy range and although money can be made, I feel like more money can be lost in conditions like this as I see this as another 50/50 opportunity for either 1.26800 buyside to get purged or the daily bullish order block to negate down at 1.25378.
Any major moves within cable, I will update my analysis.
My...
GBP/USD Long Position
4H Timeframe:
Risk-Reward Ratio (RR): 4
Entry Points:
Buy at 1.25324 and 1.25220
Stop Loss (SL):
Set at 1.24910
Take Profit (TP) Levels:
1.26700
1.27400
1.28000
15M Timeframe:
Risk-Reward Ratio (RR): 2.6
Entry Points:
Buy at 1.25400 and 1.25200
Stop Loss (SL):
Set at 1.25000
Take Profit (TP) Levels:
1.26700
1.27800
Trade...
GBP/USD retreated below 1.2650 after rising above that level earlier in the session. Disappointing consumer sentiment data from the US and rising US stocks, however, caps the US Dollar's gains and allows the pair to limit its losses.
All the time frame are lining up to go bearish. We are just waiting for the entry confirmation on our entry time frame. H1 is our main time frame we will be analyzing every day for entry.
Hello traders, let us take a look at the daily chart in GBP/USD.
First of all, I would like to draw your attention towards the highlighted elliptical
zone in the chart. If you look at the price action, you will see that there are signs
of reversal in this zone . The last daily candle indicates bulls are back in the game
Secondly, the horizontal support level has...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
GBPUSD Options Strangle position opened.
6-month expiration.
Targets are demand/supply zones (high volume areas).
TP is just above/below these heavy volume areas.
This pair the Pound/Dollar we anticipate a strong buying pressure to 1.28557 & 1.31311 the market structure convincing enough to assure us to buy.
GBP/USD BUY @ 1.26618
TP @ 1.28572
TP2 @ 1.31311
SL @ 1.25861
GBP/USD broke below last week's support zone and hit a weekly low near 1.2540 on Tuesday. Although it recovered to reach a two-week high at 1.2700, it couldn't sustain this momentum and pushed GBP/USD lower towards the week's end.
Looking at the chart, we observe that the Relative Strength Index (RSI) is currently below the 50 threshold, around 46. If prices...
GBP/USD has failed to sustain its upward momentum against the USD, as the pair struggled to surpass the 1.2700 level. GBP/USD broke below the support zone from the previous week and reached its weekly low near 1.2540 on Tuesday. Despite a rebound and reaching a new high in two weeks at 1.2700, selling pressure persisted, pushing GBP/USD lower towards the end of...
**Weekly Chart**
Are you still thinking that markets are random? No, it is not. The Market is moving precisely as it is calculated and measured perfectly. The evidence is last week's move on GBPUSD as an example. The previous weekly candle closed as doji after testing the low of the range and breaking the previous week's high. The test of the low indicates that...
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...
when i came into trading the basic thing i was taught by many books or rather many online youtube videos is market structure which i still use till this day and its amazing to see the chart everytime using the same structure and it keeps me from being soo focused on the what will happen rather focus on what is happening now
