Hello traders, price has fallen to 1.24908. It’s a potential price level to go long. I’d be looking forward to seeing more buyers dominate the market up to the area of $1.27
If you like to do multi-timeframe analysis, like I do, I think this video can be helpful
Starting to see some bearish confluences on GU ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the...
Pound is dropping down from the premium PD arrays, now we are in the lower part of the channel. I think we will see a short-term bullish up move before the price continues lower again. I skip the up move. No need to go long while I'm in short. Will be interested to short again once the price fills the liquidity void and touches the area of NWOG, BPR and H1 Order...
Hello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing...
📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...
GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England. The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
GBP/USD keeps sliding and trades in the negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The newfound strength of the US dollar, fueled by hawkish remarks from the Fed, weighs heavily on this pair as market focus shifts to the policy announcements from the Bank of England on Thursday. From chart observations, this pair has broken out of the...
GBP/USD surged to 0.786 retracement 1.2622 earlier, but then fell back below 0.618 retracement. The RSI failed to close above the 60 threshold, thus still showing negative sentiment, and the lack of divergence suggests that GBP/USD could resume its downtrend and continue lower in the coming weeks. A break below 1.2465 would confirm that the bearish trend has...
Now GBP/USD is forming an AB=CD Hermonic pattern on a one-dimensional time frame
As mentioned in previous analyses, the price has reached an important area which could determine whether the GBP continues to rise or continues to fall. When looking at the 4H chart it is more than evident that we have reached a possible bullish reaction, however we must keep in mind the liquidity that is just below this POI, which is very possible before any...
Continuation of move Market Structure Bearish on HTF Entry at Daily AOi Weekly Rejection at AOi Daily Rejection at AOi H4 EMA retest Candlestick Rejection Rejection From Previous Structure Point SOS 1:3.3.58% Entry Signal 85% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
Please pay special attention to the very accurate trend, and colored levels are very useful. ************* red level as SL ********* Its a very sensitive setup, please be careful. BEST, MT
FX:GBPUSD The constructive tone in the Greenback maintains the risk complex under pressure on Wednesday, motivating GBP/USD to add to Tuesday's losses and gyrate around the 1.2500 zone prior to the upcoming BoE's interest rate decision.
Lately on pound against dollar we have been witnessing some kind of consolidation which might be because tomorrow there are high impact news for the pound which might result in Newyork session taking out the lows and the previous week low then a huge pump to the upside due to this news updates.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Market failed to break support and rejected. On lower timeframe market created a double bottom pattern suggesting failure to go lower and bulls stepping in on support.
GBP USD sliding down with a trend line intact for now. Expecting USD to rise due to FED being unable to cut rates. This is still a high possibility . A strong rise above the trend line could trigger a break upwards and if not, GBP USD is continuing towards 1.2 area.