The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation. Key Points: Sell Entry: Consider entering a short position (selling) around the current price of 1.2618, positioned near...
GBPUSD The very easy flyi for marketing purposes after mixed statements from two Federal Reserve officials In a note Raphael Bostic argued that it was too early to predict that the Fed would deliver three rates cuts
GBP/USD technical analysis: Technical analysis potential bullish bias!
If we see another test around 1.26359 we should start to see GBPUSD move lower to atleast 1.26221 and beyond. I will personally be waiting for 1.26359 to be reached again to then go short, targeting around 1.25778. If 1.26359 is not reach then i might enter on the break. we will have to wait and see...its a waiting game now
In the GBPUSD currency pair, prices move sideways within a specific price channel. The presence of prices at the price channel support area makes it likely that they will return to the channel resistance area, in the short term.
GBPUSD took out the sell side liquidity and price have already made 50pips down retracing from the previous lower high now trying to create new low Am taking a sell entry now from this point having a tp of 1.25350 JOIN AND ENJOY Tell us what you think........................?
Same scenario as EU, HOTW looks like it has been placed in.
4hr downtrend, 4hr supply entry into daily demand, 4.4:1 RR.
Main rules to consider when identifying a valid level of support ad resistance Must have: - 3 or more bounces - The last interaction must be a bounce - Must be more bounces than breaks
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In the 4-hour timeframe, GBP/USD appears to be favoring a short-term selling position following the completion of Elliott Wave's C point and a breakout below the ascending trendline. The price is currently forming an Elliott Wave pattern with waves 1 to 4 complete, featuring a 50% retracement. With the price now moving towards the 5th wave, traders may consider...
Looks like GU has done with the correction and look to continue to the destination I have few target for this but at the moment, My target is 1.25344 Like always will update if there is any changes Thanks
This idea is based on ICT, we can see a previous liquidity grab & CHoCH
- The market has been trading within a slightly bullish channel since December 2023, the medium-term trend is therefore bullish. - After a 2nd impact on the upper bound of the channel, close to 1.2900, the market pulled-back 300pips lower, taking prices towards the lower bound of the channel at 1.2580. Since then, buyers have come forward and been able to defend...
I'm SHORT cable from 1.2632 for the following reasons: a). On H1 price has been rejected by the 100 EMA b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance c). RSI has been decling for several hours d). MACD sees the fast MA crossed down over the slow e). Pivot Point SuperTrend is reading SELL on 15M f). Andean Oscillator sees the...
my bias on gbpusd currently as i think gbpusd is going to drop in the long run...
Intraday bias in GBP/USD stays neutral, as consolidations from 1.2574 continues. Risk will stay on the downside as long as 55 4H EMA (now at 1.6901) holds. Below 1.2574 will resume the fall from 1.2891 to 1.2516 structural support first. Decisive break there will suggest that rise from 1.2032 has completed at 1.2891 already, and turn near term outlook bearish.
GBPUSD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GBPUSD Entry - 1.2637 Sl - 1.2593 Tp - 1.2728 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️