Dear Traders, As DXY remain extremely bullish since a week now, price have dropped heavily, in fact more than any other dxy pairs; and there is strong reason behind for it, GBP was dropping due to only economic sides not favouring it. Now, DXY and GBP have started making few corrections in their respective trends. What we are looking at here is a strong...
The Cable (GBP/USD) is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 1.2695 1st Support: 1.2606 1st Resistance: 1.2796 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
GBPUSD - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell GBPUSD Entry - 1.2665 Stop - 1.2736 Take - 1.2547 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Dear Traders, Trust you are doing great. Below is my outlook of the GBPUSD currency pair from Elliott wave perspective. Expectation: Another upward wave targeting 1.27202 level. Key Factors: 1. Presence of an upward motive wave pattern comprising five components (1)/(A) 2. Completion of a corrective pattern resembling an expanded flat 3. Correction...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2693, which is an overlap resistance that aligns with the 78.6%retracemet and 127.2% extension Our take profit will be at 1.2608, a pullback support level. The stop loss will be placed at 1.2795, which is a swing-high resistance level. High Risk Investment...
Hi folks today I'm prepared for you British Pound analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and soon broke it, after which continued to fall to the support level. GBP some time traded near this level, which coincided with the support zone and soon broke it too, after which declined to the trend...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to trades inside a downward wedge, where it rebounded from the support line and rose to the resistance line, coinciding with the resistance level with the seller zone. After this move, GBP turned around and in a short...
As i mentioned earlier, I was focus for bearish side. My plan stick to bearish movement and not for bullish side. I only entering the market if price can make and impulsive move to downside for next couple of days. This is my trade idea and would appreciate if you guys can comment share your idea too. Tq
GU is Bearish on HTF Let's dive a little bit deeper on GU. GU has mitigated the HTF IMB but seems to be gunning for our HTF POI, by using previous internal HH(wick rejection) as IDM. Just as drawn on the charts, this will also be in line with our expectation with DXY review analysis and EU. most likely most XXXUSD pairs might see a drop during NY session due to...
Sell cable as price bounced off from a strong supply zone
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 1.26950 to 1.27050 and 1.25450 to 1.25350. Additionally, medium-risk buy zone between 1.26000-1.25900, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between...
It is expected that after some fluctuation, the price will cross the support range and continue the downward trend
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2608, which is a pullback support close to 38.2% Fibo retracement Our take profit will be at 1.2667, a pullback resistance. The stop loss will be placed at 1.2534, which is an overlap support level close to 61.8% Fibo retracement High Risk Investment Warning ...
hi, this is a GBPUSD trade with a high probability because price hit a very importan area, using MARKET STRUCTURE
Within a week, you can trade from these price levels. Finding an entry point for trading depends on your trading style and how the situation develops. If you expect medium-term price movements, it's likely to start in one of these areas. The level was good for a week, and the next morning I adjusted the level based on the new data Prices are plotted based on...
The price has reacted to the trend line. It is expected that if the market sees 1.267212, two scenarios are possible for it: 1- It breaks the area of suffering into a single candle and if it gives a chance to enter, we can catch it. it can be with news breaking 2- The price closes below the mentioned number and retest to area, and after that we can think about...
GBPUSD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
Dear Traders, On Friday, the GBPUSD experienced significant volatility, leading to a notable upward movement. This action resulted in the formation of a Low Resistance Liquidity Zone, indicating minimal resistance for price movement through this area. Additionally, the price left relatively equal lows, suggesting the presence of H4 Sell Stops. We anticipate the...