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...
Long term Investment for Forex Traders in GBPUSD. You may specifically look at this zone to execute your posion.
GPB USD ANALYSIS IDEA, WAIT TO SEE HOW IT PLAYS OUT - NARRATIVE COULD CHANGE TRADE AT YOUR OWN RISK Price broke up obvious resistance around 1.245, price action has respected over all order flow continuing the uptrend - but side liquidity resting at 1.257. Scenario 1, expecting buy side liquidity to remain around 1.257 and market to drop off back and retest...
#GBPUSD Update Hey team hope you all are enjoying our ideas and analysis Now we are here to discuss about GBPUSD. GBPUSD is at a strong resistance level. Here we can see a good drop in price as this is getting a good rejection here. In this drop we can see drop upto 300Pips+. Keep in touch we will update further soon.
As long as the price fluctuates above the current support range, the continuation of the upward trend is likely. Otherwise, by crossing the support range, it will be possible to continue the downward trend up to the specified support levels
I think GBPUSD will move higher to reach the resistances I have identified on the chart. From there, it will continue to move downwards. Please consider capital management. Good luck.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. Previously, investors were still confused about the time to reduce interest rates, whether it would be June or...
Preferred direction: BUY Comment: The British currency continues to struggle at the level of 1.25000 , and despite everything, so far everything is working out more in favor of the buyer. The week is filled with events and here, just like in the euro, you need to be ready to change your original plan. The most likely scenario is a breakout of the level of ...
Sell setup on Gbpusd Higher timeframe is bullish but lower timeframe is becoming bearish.. Bos in 15mins
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
GBPUSD showing Bulish Flag Pattern if price Cross entry price it's confirmed flag patterns will hit tp1 and tp2
Hey team hope you are enjoying our Ideas and Analysis , today in trading Running session we are monitoring GBPUSD looking for a buying Opportunity around 1.25092 , once more best Buying Area is 1.24969 so when we will Recieve any conformation the trade willbe Excuted Good luck Guys
As per my system, i received some confirmation that makes me confident about a short entry here on GBPUSD. This setup is high risk, and personally i incresed the RR reducing the stoploss, but i shared this ideas with lower RR to avoid spikes. Good luck
I'm getting in to this trade now...who ever see's it on time can jump in with me with tell i'll explain to you guys how i trade...for now ill just be post trade setup. Use proper risk Management
Here I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
An important resistance for the GBP is at 1.25606. As the price approaches the resistance zone, we expect a decrease towards 1.2457
Hi folks as per day candle close we are in the strong bearish side I hope Monday and Tuesday set the weekly high so it's time to form the weekly low. Just watch my analysis and performance