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Gbpusd_forecast

20 REASON FOR BUY GBPUSD🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: structural Down Monthly : structure extreamly bear but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲 weekly : a big Imbalance after it prices are going down and down 🥺 so the bigger picture is not clear and in bulls favor 1 Structure analysis time frame :DAILY Bullish ABCD 2 target time frame :DAILY 3 Current Move :IMPULSE 4 Entry Time Frame : H1 4.1 Entry TF Structure: BULL LOWER HIGH 4.2 entry move : IMPULSE 5 Support resistance base :H1 BULL ORDER BLOCK\ 6 FIB: WAIT TILL TRIGGER EVENT 7 candle Pattern: WAIT REVERSAL 8 Chart Pattern: CIP CHANGE IN POLARITY 9 Volume : DRIED RIGHT NOW SO REVERSAL IS EXCEPTED 10 Momentum UNCONVENTIONAL Rsi: sUPER BULLISH ZONE NEED A RANGE SHIFT CONFIRMATION 11 Volatility measure Bollinger bands: VOLATILITY DIVERGENCE 12 strength ADX: SIDEWAYS 13 Sentiment ROC: BEARISH 14 final comment : LONG AT RETRACEMENT 15 : decision : BUY 16 Entry: 1.1260 17 Stop losel: 1.1140 18 Take profit: 1.2044 19 Risk to reward Ratio: 1:7🥰 Excepted Duration : 10🥰
Long
by Optimum369
3...2...1...GO!Hey trader, I hope you're having a profitable week! As you can see the price is currently running in the mini head and shoulder patterns L1 and above the 50 and 8 MA. The pattern expects an uptrend for the L2 and L3 formations. We'll get our signal (that will lead to the rally) after the price has closed with a bullish candle above the Mini Weekly Neckline/2nd Daily Key Lvl, 50 and 8 MAs. But if it decides to bearish break and closes below the Monthly Neckline 4 and 21 MA, our bias will be rejected. With that in mind, do not take the trade because this isn't financial advice, I'm just expressing my thoughts about the current market condition. If you decide to take the trade and lose, don't blame me but yourself. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts. Or, if you want to see more ideas that relate to this one, simply click on the articles listed below. (specifically the recent articles on BTCUSD and EURUSD; they are behaving like this currency pair). Stay Blessed Baby, Sphatrades.
Long
by Doji-2k1
1
GBPUSD, Already Facing RECESSION..?Hi traders, Lets take a look at Sterling. Fundamental View: Sterling seems like breaking LL due to the uprise in DXY after breaking 20 years resistance. But here Sterling acted as an catalyst and moved way more than expected. It's because of: 1) DXY strengthened by breaking 109 levels. 2) British finance minister Kwasi Kwarteng earlier in the day laid out a plan of historic tax cuts paid for by huge increases in borrowing, which sent British government bonds into freefall and the pound sharply lower. 3) British bond yields were set for their biggest daily rises in decades. 4) Fear of Recession. Technical View: GBPUSD looking for 1985 final support as there isn't any footing nearby. We can expect a pullback for a another fall. GBPUSD can be seen respecting Falling Wedge pattern on Monthly TF. Still Lower TL pointing towards 1.05 zone which is still 300 pips away. This last week of September might be fruitful so Wait for the proper entry or check news calendar. "Miracles are meant to happen." Feel free to like and share your opinions as well.:)
by wickywicks