I'm eyeing a long opportunity for GU at the 5-hour demand zone around 1.2700. The price has changed character to the upside, leaving a clean, unmitigated demand zone with a small imbalance above. While price might dip into a supply zone or move up to mitigate the 22-hour supply zone for a potential sell-off, I’m more inclined to see it return to the demand level...
H4 - Bullish trend pattern Currently it looks like a pullback is happening Until the two strong support zones hold my short term view remains bullish here.
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...
Currently, GBPUSD has exhibited a false break of structure, commonly known as Turtle Soup, suggesting a potential bullish draw towards the daily Fair Value Gap (FVG) . Price has retested an m15 bullish order block, indicating a possible bullish continuation. Alternatively, price may reach the H1 Order block, where a confirmation entry can be sought for a...
This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before...
GBPUSD has recently shifted to a bullish institutional order flow, prompting us to identify key areas of interest conducive to the bullish bias . Currently, we're observing a mitigation block situated at premium prices , serving as an initial entry point for our bullish trajectory. Alternatively, should the premium point not materialize, we await a dip into...
Currently, I'm observing a continuation of bullish institutional order flow , particularly towards the H1 Buy Stops , which serves as our Draw On Liquidity . Price action is positioned at a crucial juncture, resting upon a significant H1 Bullish Order Block , aligned with a reclaimed order block — an institutional support zone. In this scenario, I...
At the moment, I have initiated a pending buy order at the H1 Bullish Order Block . My anticipation is to enter buy positions aiming to reach the Daily Fair Value Gap (FVG), which serves as my Draw On Liquidity . The institutional order flow on GBPUSD currently indicates a bullish sentiment , and I intend to align with this narrative. Stay tuned for further...
H1 - Strong bullish momentum. Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
On the H4 timeframe, price has broken above upside confirmation level of 1.2280, which could see a throwback to the key support level at 1.2190, which coincides with the 61.8% Fibonacci Retracement. A throwback to this zone could send prices higher towards next key resistance level at 1.2320, which is in line with the 161.8% Fibonacci extension. Price is hovering...
On Thursday, DXY was become stronger and put GBPUSD down, but If you look on the chart, we can see huge Bearish candle which is abnormal as compared to another candle. I believe GBPUSD may rise more. Every support is an opportunity to buy.
I have mentioned my analysis on the chart. I think it will help you to understand the analysis on GBPUSD. Rest of it depends on you.
Price was range-bound between 1.2700 and 1.2750 but has recently broken out consolidation. Price is now hovering above a key support zone at 1.2720, which nears the 61.8% Fibonacci retracement, on H1 timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1.2820, which coincides with the 161.8% Fibonacci...
On Friday data, USD become stronger, but GBP become more powerful against the USD. I am much sure GBP will be stronger than USD. I am looking for buying opportunity on it.
Sterling seems more bullish against the USD. As we all knows that the market condition of USA is not good and the politics instability decreasing the value of USD.
On the H1 timeframe, prices are testing the resistance zone at 1.2320, in line with the graphical resistance. A break above the upside confirmation level at 1.2320, which is also a supply zone, could provide the bullish acceleration to the resistance zone at 1.2400. Failure to push higher could see prices fall below the downside confirmation level at 1.2250, to...
Prices have broken above a key support zone at 1.2150 on the H1 timeframe. A throwback to this zone, which coincides with the 38.2% Fibonacci retracement, could present the opportunity to ride the bounce to the resistance zone at 1.2250, which is in line with the 78.6% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, supporting our bullish bias.