Hi fellow traders, GBPUSD will be ready to make a move higher from the blue box after it completes the ABC correction. Target the 1.3309 level. Good luck and trade safe!
‘Easy does it’ was today's primary message from the Bank of England (BoE). Unlike the US Federal Reserve cutting rates by an outsized 50 basis points (bps) yesterday, the BoE is clearly in no rush to ease policy, with most policymakers backing a slow and steady approach. In an 8-1 majority vote, the BoE left the Bank Rate on hold at 5.0% (external member Swati...
- GBPUSD continues its attempts to settle above the resistance at 1.3120 – 1.3140 as traders focus on general weakness of the U.S. dollar. - In case GBPUSD settles above the 1.3140 level, it will gain additional upside momentum and move towards the next resistance at 1.3245 – 1.3665.
In my August 8 analysis, I highlighted the Morning Star pattern, which retested the previous resistance of the broken triangle, signaling a potential reversal to the upside with a target above 1.31 for the next leg up. As anticipated, the price did reverse, and not only was the target reached, but it was also surpassed. However, after breaking above the...
GBP/USD is another “goes lower in the bad times” asset - this time in the forex market - USD is the haven currency and GBP for whatever reason is deemed more risky. GBP/USD had broken out to multi-week highs but stuttered since. This could be a natural pause before the upside moment resumes or this is a ‘fakeout’ and we’re heading for another test of the...
Simple and Easy trade Setup with Minimum Risk. Evidence is must before taking any entry. Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folks
GU Analysis for This Week: My outlook on GU this week largely depends on how the market opens. If the price moves downward and breaks structure by taking out the liquidity at the swing low, I expect a retracement to the 12-hour demand zone. In this scenario, the 10-hour supply zone I marked would become more valid, although there is also a possibility that price...
Swing zones and levels are in for week 36. Given that Friday's close is below zones, anyone of a, b or c scenarios could play out for short positions. However, Monday's open could mean a reversal. As always price action determines trades.
Following the head and shoulder pattern formed on GBP USD last week the price has been pushing down as DXY continues bullish.. As we all know the market dose not move in a straight line up trend makes higher highs and higher lows, down trend makes lower lows and lower highs. On the 1 hour timeframe GBP USD has broken a structure level to the downside, before we...
GBPUSD seems to be bouncing off the major support area, will this be the continuation of the long trend or its just a retracement to pick up the pace for the bears?
**Monthly Chart** GBPUSD monthly candle closed bullish for August. The next price target is around 1.3400 level (previous monthly IPA). **Weekly Chart** Last week, the candle closed as bearish as it reduced momentum near the imbalance level of the 28th Feb 2022 candle. This week I will examine this area for short trading opportunities if GBPUSD couldn’t...
GBP/USD Daily Outlook 31/8/2024 ONE MORE MOVE DOWN after then go up
Support and Resistance is all about identifying previous price interest areas, @PinchPips a step further is taken in calculating these areas before the occur; This is not a magic trick, but careful mathematical analysis. As price has been missing entries by some small margins, new levels are calculated(black lines) to catch big swings. Upper SZ: 32498 -...
Analyzing GBP/USD: A Journey Through Accumulation, Breakouts, and Forecasting Q2 2024: The Accumulation Phase During the second quarter of 2024, the British Pound entered a pronounced accumulation phase. Institutional buyers were actively engaged, positioning their trades to capitalize on future movements. This period set the stage for subsequent price...
👀 👉 The GBPUSD pair is currently displaying indications of price extension, approaching a significant resistance area. This technical configuration suggests a potential corrective move. Our trading approach involves identifying opportunities for long positions, contingent upon a retracement to key Fibonacci levels, specifically within the 50% to 61.8% range. It...
gbpusd is in uptrend and will resume uptrend after completing retracement . GBPUSD can join his HTF trend after taking support from this poi.
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Hi Traders we send GBP/USD Trade 4hours ago we running 20+ Pips in profit. move stop loss to entry let partial run. Certified price action king