The British pound is showing limited movement at the start of the week. In Monday's North American session, GBP/USD is unchanged at 1.2629.
Bank of England Governor Andrew Bailey will speak at a public event later today and the markets will be listening carefully, looking for hints about the BoE's future rate path. The BOE kept rates unchanged at 5.25% for a...
The depicted zones are critical for #GBPUSD .The price can react to them and can be entered in long/short positions. Up to your entry type and risk management set TP/SL. Do not forget that you cannot succeed in this market without proper risk management.02/12/2024
GBPUSD has recently experienced a bearish breakout below a key support level, followed by a reversal that is currently retesting the broken support on the hourly timeframe. Anticipations lean towards another downward shift, potentially igniting another bearish trend to the downside.
GBPUSD overall i am hunting a bear move in the near future. Does not mean a bull move wont happen.
*We are just playing structure and either price is at a TOP or price will continue higher . BE PATIENT
*Would like to see price stay bellow our level at 1.26560 , and 1.26190
*IF PRICE does managed to stay below our key levels and STRUCTURE is BEARISH . YOU can...
I am bearish on the gbpusd this week 🐻🔻
The gbp has formed a bearish structure in the 4h and daily time frames 📉
My idea is that the price will go down to 1.25184 (target1) and 1.25000 (target2) 💭
price made BOS in 15 min TF and made a lot of liquidity below the broken structure. price will slide down after mitigation of supply. take short risk with proper money management.
Looking back previous trading week.
Price action was trying to tap 1.2643 but failed to during last week trading session.
Monday london session 1.2643 was tapped and bears came in with
volume.
CPI ahead and all my expectations on levels
1.2575 and 1.2535
Reason Behind Bullish
1. Three black Crows formed in 4h Timeframe
2. Obey Strong Support and trendline @ 1.26050
Overall Possible Outcomes
➡️FX SIGNAL
GBPUSD BUY 1.26150
SL 1.25750
TP 1.27014
Hi Traders!
GBPUSD has a bearish outlook on the 4H chart, and we could have a breakout soon as further pressure is quickly mounting on the pound.
Here are the details:
Looking at the price action, it looks bearish due to the market swings; the market has tested the support trendline multiple times and has had a recent price rejection at 1.26548. Additionally,...
Looking for a break out of the Rising wedge pattern, at this precise moment I am leaning towards shorts. However in order to get a valid Entry I would need to see a 4h close below the blue zone with a retest and a lower low close on the 30 min back to the bottom of structure / or trendline.
Alternatively for a long I would need to see the opposite with the 4h...
Hey Traders,
Check this analysis out on GBPUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a nice short trade.
Keep a close tab on this one.
Hedging Strategy
BUY SPOT
TP 1 - 1.26397
TP 2- 1.26745
SL - 1.26102
(1)
Requires monitoring:
Retest off support at 1.26150
then hold till 0.5 on the
1H chart
(2)
Requires monitoring:
Simply buy retest on parallel channel
and hold till 0.5 level on the 1H chart
(1.26397)
(3)
Requires monitoring:
The break of parrallel channel
2. Out the retest level on the...
