GU we have a nice counter and a trend setup here with this pair, as a whole we need to look towards our open to tell us if we can trade these moves, short term bullish, long term bearish but of course as mentioned in our earlier mark up we aren't really that clear with our corresponding pairs for example USD is looking like we might be bullish within some pairs...
Hello traders, Wave 5 is supposed to end at 1.24454-1.24150 zone. Then ABC Correction is supposed to materialise towards the resistance zone at 1.27950. Thanks.
Waiting for a retest of 1.26177 to short GBPUSD back to Daily support level at 1.23349 If you agree drop a like and if you have any questions leave a comment :)
This week will GBPUSD bullish bec last week was very strong bearish
GBPUSD Analysis: Navigating Within Daily Range Amid Ongoing Weekly Bearish Sentiment - Prudent Risk Management is Key Overview: GBPUSD continues to trade within the daily range of 1.2641 and 1.2447, highlighting a period of consolidation and market uncertainty. Despite intraday opportunities, it's crucial to acknowledge the prevailing bearish sentiment observed...
after clearing out the liquidity at 1.24879, price should return back to the zone at 1.24495 to form a double bottom before buying all the way to 1.30579
Price have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or...
Looking on the charts, im going to aim for a long position on GBPUSD. On the 4hour chart, previous wicks rejecting more downside as it looks. Also we are in a nice orderblock area and resistance area Going for a buy limit around 1.25785 Stoploss: 1.25451 (just below the last longest 4h previous wick) TP1: 1.27089 TP2: 1.28650 TP3: 1.29090 If it would fall below...
anticipating more sells on POUND/DOLLAR as CPI edges closer
For all trade based on my trade setup - Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit...
Hi everyone . I hope you like the above analysis. Hoping for a profitable week for each friend.
Ah, the good old days! This GBPUSD setup takes me back to my early trading days. The strategy? Simple yet effective: buy at support, sell at resistance. While some may view it as a scalping trade, dismissing it as low volatility, here's the kicker — there's a potential 56 pips in profit. 💰 My game plan? Patience. I'll wait for the next support retest, keeping an...
GBP/USD 🇬🇧/🇺🇸 Price formed lower highs and lower lows last week. Price is about to test 1.24300 and we could see bullish reaction. However, if price breaks this zone then it is likely to see bearish continuation .
My dear followers, This is my opinion on the GBPUSD next move: The asset is approaching an important pivot point 1.2464 Bias -Bullish Safe Stop Loss - 1.2384 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.2606 About Used Indicators: For more...
Hey Traders, in tomorrow’s trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance zone. Trade safe, Joe.
On the Weekly time frame, the last two daily candles closed below the EMA-200 dynamic support in a descending price channel within a monthly falling wedge. There was a breakout of the falling wedge which under normal circumstances would have been a bullish start at the base of it, but this decline was as a result of the rising DXY index over the week past. The...
This is my opinion with technical analysis Please respect the following rules: 1- Risk management . 2. Have your own strategy.
GBPUSD LOOKING GOOD FOR SHORT SELL. been on the chart for some time now and follow the trend, no i can see a reversal of Head And Shoulder , please kindly check for clarify trade before Entry Trade.. Thanks