Still only looking for short opportunities on this pair due to the 4h LH at 1.2660 still being intact. Although, the strong bullish momentum from 1.2540 doesn't fill me with confidence. Lets see how GBP retail sales ad USD PPI sway this market.
In H4 timeframe , all the effort of sellers to put up a new low proved abortive despite the bearish outcome of GDP rate earlier released today accompanied with retail sales from the United States later today . A buy opportunity is envisaged if price flashes back to 1.25545. We’re looking to buying from that zone and our target will be at the previous week high ....
GBP/USD advanced toward 1.2600 and turned positive on the day in the American session on Thursday. The renewed US Dollar weakness after weaker-than-expected January Retail Sales data helps the pair gather bullish momentum.
Gbpusd surely Fall down
The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected.
While a recession was expected ahead of the release, the fourth quarter number was slightly worse despite December performing better than anticipated.
The UK has been flirting with recession for...
The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611.
GBP/USD tests key 200-DMA support level sponsored by investors trimming odds for...
The daily chart portrays the pair as neutral to downward biased, with the GBP/USD hovering around the 200-DMA at 1.2561. a daily close below the latter could open the door to challenge 1.2500, followed by the 100-DMA at 1.2487. Once cleared, that could open the door to test the next support level seen at 1.2374, November’s 17 low.
Besides that, GBP/USD takes...
Dollar news has been released and the idea at the moment is to wait for the m15 FVG to rebalance . The FVG is in Premium prices where I would be interested in taking a sell. Failure to rebalance will result in me not having to enter sells.
The main draw is the Daily Sell Stops.
Kind Regards,
The_Architect
I am expecting price to be a little bearish tomorrow as well before going for the HTF target. Right now i am bearish on the pair, but expecting it to react from the FVG either this week or the next one. I don't expect price to go lower then 1.25000 on the long term view. I will have 1.28300 as my HTF target.
I anticipate further sells on GBPUD, we have rebalanced a H1 FVG and I see a further continuation to draw to the Daily Sell Stops for the day. IPDA has also been engineering liquidity to the downside that we may want to Draw to first, thereafter the Daily Sell Stops will be the next target.
Please refer to my pre-London analysis that will help to justify my first...
Greetings, the GDP (GBP) is going to be released shortly and my anticipation is a continuation lower for GBPUSD to reach the Daily Sell Stops. Price at the moment has rebalanced a H4 FVG and on the H1 we have a Turtle Soup (False BOS) . The false BOS gives us an idea that IPDA took the high in order for order pairing to occur.
Order Pairing essentially...
please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
Hey traders!
We have 2 possible scenarios for GBPUSD. We might see a retest and the price creates a double bottom or the price just going straight up. The negative GDP for GBP didn't affect the market at all. Bias stays the same.
Best!
#PMT
Gbpusd declined to test blue support SCD band on weekly.
At the same time on smaller time frame price creates cluster of candles separated by gapping
Buy 1.2546
Let’s see if buyers can push price higher to test previous resistance
