The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high.
We have used the Fibonacci to determine that buying is a high-probability trading decision this morning.
We have seen a pullback into the buy zone on the 15 Mins chart.
The area of Targets are:
1.] 1.2392
2.] 1.2468
Stop at the LOD: 1.2330
Greetings Traders!
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead?
Stay tuned for valuable insights, and feel free to leave any questions in the comment section below.
Kind...
A quick Follow-up on the GBP/USD Long Trade.
We have reversed the position at 1.2448 a test of the structure 2.
Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish.
The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...
GBPUSD Is Moving Down as Expected +100 pips so far
After the UK reported soft CPI data last week, we saw the GBP take a pause and on Friday the GBPUSD began another bearish wave.
However, this new wave was related to the attack against Iran by Israel.
We may see a shift of liquidity across safe haven currencies as long as the situation on the Middle East is not...
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...
Technical analysis on the GBPUSD walking you through the process I use to make consistent predictions in the market.
In this case the predicted level opens up potential trading opportunities for both bearish continuation traders looking to get short and/or bullish counter trend traders looking to get long.
If you have any questions, comments or want to share you...
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
Today's focus: GBPUSD
Pattern – Impulse in a downtrend.
Support – 1.2330
Resistance – 1.2456
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at GBPUSD on the daily chart.
Today, we have broken down the current PA we are seeing and thinking about on the GBPUSD. We have touched on news to come and discussed the USD index.
Can...
Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
In this video, I'll deliver a thorough analysis of the DXY and GBPUSD, providing insights into what to expect throughout this week's trading. We'll delve into the seasonal changes dictated by the quarters of the year, particularly significant as we transition into a new quarter. It's crucial to adjust your trading approach and expectations accordingly. Currently,...
Amidst a dovish repricing, according to the OIS curve, sterling is on the back foot against the majority of its G10 peers ahead of the US cash open, currently down -0.5% versus its US counterpart.
With key support on the verge of breaching, this could lead to further downside in the currency pair!
Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted.
We will only trade in the direction of the trend if the trend has not been...
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead?
Stay tuned for valuable insights, and feel free to leave any questions in the comment section below.
Kind Regards,
The_Architect
Price has reach a new level where it's possible that level will turn support and more buyers may enter the market. BOS on the weekly time frame happened and we are looking for a retest.
For any forex trader, GBP/USD is like a golden key.
By following Dr. Rezvani's page, you will not only fully understand this importance, but you will also benefit from his valuable analysis and guidance for success in the forex market. Together with him, you will take a step closer to success. 🌍💰
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD , offering insights into the weekly bias , critical areas to monitor, and a long-term perspective.
Stay tuned for ongoing updates throughout the week.
Kind Regards,
The_Architect
