Hey Traders, in the coming week we are monitoring GBPUSD for a buying opportunity around 1.22100 zone, GBPUS was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
Since my bias on HTF is neutral, taking a long or short trade will depend on the direction of price after Monday NY open. If price moves down aggressively after the NY open, it is likely to move up so I might take a long position. And I might take a short position if it moves aggressively up after the NY open.
Price has been moving down for the last 3months. Will it continue to move down to take the 1.20000 level? Or could this be the start of reversal? Want to see more price action, before considering any trade. Bias is neutral for now.
Prices are expected to fall as a reaction from the supply zone, to complete a fake-out at the demand zone. Price will crash to break 3 parallel supports to find a Kink at the demand zone. When the price reacts to the demand zone, we switch trade to buy for a longer term.
My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2235 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2133 Recommended Stop Loss - 1.2295 Super-trend...
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The US dollar faced a decline against major currencies on Friday as investors assessed the recent US job report. While the data indicated widespread hiring in September, wage growth appeared to be slowing down. The dollar index, measuring its strength against a basket of six key rivals, dropped by 0.31% to 106.03. Initially, the index had surged to 106.98 in...
GBP/USD - H4 Chart - Channel Breakout Pattern take buy entry after bullish candle Formation . Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
OANDA:GBPUSD Dxy is dropping for a retracement, while foreign currencies are going higher for a retracement as well. 15/5m; Price dropped into a discount level, followed by bullish shift in market structure. RR: 5.8
we have inverted head and shoulder on making on tf4H GBP/USD pair..Let see how this pattern playout after complete
GBPUSD 1H Trade idea for next week. High Level of bearish confluence on the daily timeframe. Seeking sells on the one hour timeframe from highs at 1.22545 into lows at 1.21265 Getting some high reaction off of a high volume orderblock with 202k volume. Indicators : Price Action concepts and Oscillator Matrix Daily timeframe :
Taking a look at the 4 hour chart, price action is almost guaranteed to bottom. RSI is printing a leading indication that prices will rise with the bullish convergence in play. With that said, If prices can drop a bit back down towards where I have my entry level, I think this will be a high probability trade setup. If you haven't been following for long, what I...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we have similar situation as on GBPNZD, we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement in order to fulfill the imbalance higher and then to reject from bearish order block. Fundamental analysis:...
Based on current support levels and oversold selling indicated by the RSI, GBPUSD may be poised for a bullish move.
Intraday and Weekly Call......in GBPUSD....... Sell.....GBPUSD.....1.2635-1.2655 range.... and keep SL 1.2802(22 August's High) and wait TGT1 1.2433(8th June's Low) and wait TGT2 1.2307(25 th May's Low)......wait TGT1 before today's closing or This Week..... #gold #silver #operatorcall #SEBIRegistered #EURUSD #GBPUSD
GBPUSD will continue to sell until it reaches the price (1.20559).