price has been waiting to move in position to start a bearish move. we are now in position to form a solid H&S pattern on the 8HR chart. need to continue to see confirmation it wants to continue down though so will scalp cautiously.
Here the price made a rebound around psychological level of 1.25500 and now trying to break the trendline after bouncing up several so going for SHORT is need and targeted profits should be around support area down .
My brief insight into GBPUSD after the BOE interest rate decision yesterday. Interest rate stayed the same and price eventually moved in-line with this sentiment. As price has corrected against the pre-dominant bearish trend, this is only a short term move.
If you like to do multi-timeframe analysis, like I do, I think this video can be helpful
- Daily Bearish Rejection and FT from Weekly FVB. - 4H Bearish OFR with Bearish IMBs. - Enter from the last 4H IMB to target 4H Swing Low and eventually Daily Swing Low. - Best Target - 1:2RR
Been waiting on price to do this. Looking for it to continue to as we come into another London session I will try and spot a entry. But must sit on hands until then cause price is very indecisive.
been waiting for GU to turn back bearish. Now it looks like its ready to start making that turn. At this point just waiting for further confirmation going into London session. If we can manage to break above 1.258 before London open then I will expect for price to make a new high for the week. if we maintain below that zone until after London session then I will...
DXY AND GBPUSD analysis, Great setups ahead, Trade safe and enjoy
📈 Trading Alert: High Impact Dollar News Incoming Today on the Dollar!!! Friday NFP Market Insights: Prepare for significant market movements as we delve into High Impact Dollar News & Today's Trading Analysis! Today, anticipate major announcements like Unemployment Rate and NFP. Join me as we analyze today's trading ahead, exploring potential market movements...
We seen a lot of Chop this week. Looking like price is ready to turn full on bearish again but we need to wait for a new High to be made first. Might not get another move till the middle of next week. just have to be patient.
This market looks interesting. I see a possible downside continuation based on what price is showing on the weekly TF. Overall is bearish and we can see that price has broken a weekly key level to the downside, a short term correction is needed for the downtrend continuation. Let's see how this coming week will be. Feel free to share your point of view.
This is my gbp/usd outlook for 2 may 2024 enjoy :)
Hey there In today's video I talk about my recent drawdown and how I managed to get out of it and what you could learn from my experience. We also take a look at potential trade setups on NZDUSD and USDCAD, with a brief trade review on AUDUSD and EURUSD. So be sure to check out today's video because its filled with a bunch of fruitful tips and insights.
Are you in control of the markets or is the markets in control of you. Key lesson today - Not taking trade is one the best wins as a trader, the ability to prevent a loss is not shone enough of light on and this is what makes a difference between profitability and not. Have a watch of the summary for today trading session - Dropped some phycological gems.
Greetings Traders! In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead? Stay tuned for valuable insights, and feel free to leave any questions in the comment section below. Kind...
Greetings Traders, This week promises significant market movement with a series of high-impact news releases, including the Non-Farm Employment Change and the Unemployment Rate among others. In this video, we'll delve into what to expect in DXY and GBPUSD trading, recognizing that such weeks often exhibit manipulative or accumulative behavior. It's crucial to...
Looking for signs for price to turn bearish. I'm sure they are using Tues to take out highs for the week. Just need everything to line up within killzone times. for now we sit on our hands and wait for price to tell us more of what it would like to do.
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...