Updated my plan for selling GU Will wait for the price to fyll imbalance and come to 2h OB for potential sell. If the first zone didn't hold then I will wait for the second zone, wait for it to retrace and fyll the imbalance. & gather the inducement before another big dropp.
According to my analysis and view it seems like GBPUSD is about to make correction at least if not reversal. I went long now. No risk no reward :)
GBP/USD Fundamental and Technical Analysis (FTA) The GBP/USD price is found in a narrow range of 1.2490-05 on September 7, 2023, staying close to the June lows. On the hourly chart, the GBP/USD is still trading below the MA (200) H1 (1.2615) moving average line. The situation is similar on the four-hour chart. On the 30 min chart, see the mentions on the...
Hello traders, as we take a look at GBPUSD as you can see 1.25800 low did not hold indicating price is bearish, and taking out internal liquidity. We should wait for price to reach the new swing structure around 1.23500 before we should start looking for reactions and price to make a shift back bullish. Good luck traders! be sure to use proper risk management CipherFx.
Traders, Possible scalp buy at 1.2440 We enter a buy if get confirm of this area. Stop loss 8 pip Target 50 -100 pip Good luck
The British pound has extended its losses on Thursday. In the North American session, GBP/USD is trading at 1.2472, down 0.28%. Earlier, the pound touched a low of 1.2445, its lowest level since June 8th. The pound has been unable to find its footing and has posted five losing sessions in the past six, falling 250 basis points during that span. UK house prices...
Hello guys, this particular pair has been carefully analyzed and awaiting a pullback and confirmation to go short .. I will only be interested in BUYS if price breaks the supply zone creating a new high with visible confirmation GOODLUCK!!
My dear friends, Please, find my technical outlook for GBPUSD below: The price is coiling around a solid key level - 1.2454. Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.2613 Safe Stop Loss - 1.2369 About Used Indicators: The...
Analysis Update: In the ever-evolving forex market, it's crucial to stay attuned to changing dynamics. We now turn our attention to a noteworthy development: the looming downward correction expected in the DXY (US Dollar Index), the presence of a bullish Stochastic divergence, and how retail trader sentiment factors into our outlook for GBPUSD. DXY Correction...
The chart has made a perfect Bullish AB=CD reversal pattern. Clear Bullish Divergence is created hitting the potential reversal zone. Bulls will be pushing hard to be in control and the price has all the tendency to make higher highs and higher lows, thus reversing the trend. Verdict: Bulls to win.
Closing this trade early as it's needed for holiday money.
Inverted head and shoulder at 5 min timeframe bulls going to come in!
While the broader market may present an illusion of stability, discerning market participants, such as specialists and floor traders, have identified underlying vulnerabilities. This fragility is manifested by a diminution in trading volume, particularly when the equity or index endeavors to appreciate, indicating a paucity of demand. Institutional and seasoned...
GBPUSD BUY WE HAVE CONFIRM trend and we have confirm dxy for short strategy smc
GBPUSD on the 4h chart after the last bearish impulse retraced at the 0.886 Fibonacci level. The price is trading above an important weekly structure and is currently testing the 50% retracement. According to Plancton'strategy IF the price will move below we can look for short order.
retracement into a 5 mins fvg and a shift in market structure aiming to first partial at 50 fib level
With the price being in the range of local support and strong main support, the price is expected to increase by at least 0.5 fibo. According to the Today's Unemployment Claims news, it can be entered in two steps at the prices of 1.24590 and 1.24323 . In the final part of the trend, we see buyers gaining strength. *** Best Of Luck ***