Price is going to head up to the supply zone taking out the liquidity then head back down to the order block below to meet the demand zone taking out all the liquidity.
This range USD USD after break out only enter only executi after the 15 minute nearest break out on your Orkut this is a very significant range price created price momentum price is at does not care about your past performance did the servant scale also Jay Shri Ram
Wycoff Re- accumulation in progress
Expect a final liquidity grab at previous high before the fall..
Upcoming news should ought to get the cable to momentum after two slow days
On the 4H chart for the GBPUSD we are getting a symetrical triangle
Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend
For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend
Additional factors to take in...
GBPUSD has gathered inducement, although it is in a long term upward trend, but as currently price is following a sell trend, you can take this trade as the price is currently standing at a supply zone.
Happy Trading.
Supply and demand zones are crucial concepts in technical analysis. They represent where the market tends to pull back before moving in its natural impulsive move. You can gain valuable insights into your trades' potential entry and exit points by identifying these zones.
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Demand represents the quantity of buyers vs. sellers in the market. Supply represents...
Hey Traders 👋
Quick update on GBPUSD. Remember the trade we rolled out on Monday? It clocked in a cool 30+ pips before taking a bit of a breather. Looks like it's not done yet. I'm seeing a solid chance for a continued push upwards.
So, it's a new trade, but sticking with the same setup as before. The 1-hour chart shows a new wedge pattern and looking at...
My dear subscribers,
My technical analysis for GBPUSD is below:
The price is coiling around a solid key level - 1.2735
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.2688
About Used Indicators:
By the very nature of the...
Following last week's weakness, GBP/USD is now exhibiting a consolidation pattern, hovering around key levels as market participants evaluate their positions. The pair has been oscillating between the resistance at 1.2620 and support at 1.2820 for quite some time now.
Technical Insights:
The currency pair remains locked within a tight range between 1.2700 and...
GBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to...
gbpusd don't power for raise and if see chart i drew very completely why I tell you cant move up and need correction and drew many reason for my words so please be smart and entrance very carefully
Daily Chart of GBPUSD remains on bullish trend channel
It is within a trading range where strong support is seen at 1.2614.
The support is also near 61.8% retracement.
Entry Price: On Market
Target Price: 1.3030
Stop Loss: 1.26
Reward to Risk:2.68
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago declined to the support line and at once rebounded up to the support level, which coincided with the buyer zone. In a short time, GBP broke this level and tried to rise higher, but failed and started to decline in a downward channel,...
