GBP/USD has resumed its north-side journey as the USD Index has sensed barricades after a less-confident recovery. Easing US labor market conditions have faltered expectations of more interest rate hikes from the Fed. Higher earnings and upbeat UK Employment would put more pressure on the BoE ahead.
The GBPUSD moved higher into the jobs report on Friday, but fell as yields moved higher and so did the USD. The GBPUSD fell to a support level on the hourly chart, but maintained hope for more upside from the look from the daily chart.
Let me explain... Price did fall last week heavily...while price move so quick down it swiped out all the long term buyers thinking the market won't come down...before price moved down it did create a ORDER BLOCK some where ... Price need to come back up and fill the ORDER BLOCK to create a liquidity trap for the buyers before price will fall again making new...
Everyone are buying And the Big banks are Selling!!! there's 3 order blocks that need to be filled on the 4h timeframe...be careful dont sell yet wait for price to go back up to fill ghe 1h order block and create a liquidity trap before selling...
Price are making Higher Highs and a Higher Lows ...our Retail Traders will be Trapped for buying tooo early...price need to create a Liquidity Trap before continuing to break the Higher High
Price needs to grap liquidity and needs to fill the 4h order block before continuing the Bullish Rally ... There's also a very strong broken 4H supply Zone turning into demand Zone if price can or will hold ist ground..
There's still a 4h bullish order block price need to fill and test ...price need to collect liquidity before pushing price upwards...alot of buyer are buying because of greedy buy wait and let price do what it have to do before entering yhe market ... When Everyone is buying,the market are no longer Bullish
While the sellers are trap short ,wait for price to come down to retest the bullish order block before price continue movie moving bullish to visit the Bearish order block that was created by the big players/Investors .. Remember when everyone are Selling,the market are no longer bearish!!
Price struggle to break and close above the major Supply/Resistance zone .. there's also a 4h order block awaits above to be visited again to liquidate the liquidity of the bear 4h candle ...
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Price did reach and respecta major support trendline..if price cant break the support trendline Price will rise to the top to make a new all time High
Currently, it looks as if the inflation trend justifies an end to interest rate hikes in the near future, so there is probably no further upside potential in EUR/USD for the time being.” “A sideways move in EUR/USD, possibly in the 1.08-1.09 range – which we saw prior to the recent test of the 1.10 mark seems most likely to me for now.”
EUR/USD declined sharply in the early European session and touched its lowest level in three weeks at 1.0520 before staging a modest rebound. As of writing, the pair was trading at 1.0560, where it was still down nearly 1% on a daily basis. The renewed US Dollar strength earlier in the day weighed heavily on EUR/USD. The risk-positive market environment, however,...
How to trade in December? Volatility of the EUR/USD shows clear seasonal patterns. Usually it is very low during the summer and at the end of the year. In December, coming holidays are not the only reason for this. Most of the bank dealers and fund traders just don't care about the markets in the last month of the year. Their bonuses are calculated as of the end...
I'm only interested in selling price,if price can break below and close below 1.35613 ... Let me explain: price did form a double top on the 4h & 1h timeframe..price are currently retesting the double top neckline That was a major support level now it is a major resistance level ... PLEAS USE PROPER RISK MANAGEMENT WHEN YOU TRADE IN THE FINANCIAL MARKETS..
Im only interested in buying price ... Price are struggling to break and close above a minor resistance level ...once price broke and close above that level we might see price push upward and start the rally
I'm only interested in buying price when price can and will close above 1.05203 ..