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!
The price has been consolidating for a while and has now broken out of the channel, continuing its bullish movement toward the next supply zone. However, there may be an opportunity to enter along the trend once it makes a correction before continuing its upward journey. Let’s wait patiently and only execute if we get a solid confirmation. Disclaimer: This is...
GBP-USD is going down And the pair broke the Key horizontal level Of 1.31064 which is now A resistance and the breakout Is confirmed so we are bearish Biased now and we will be Expecting a further move down !
On the H4 chart the trend started on Aug. 28 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.2885 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
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...
GBP-USD broke the key Horizontal level of 1.31843 And the breakout is confirmed So we are locally bearish Biased and as the pair is Going up to retest the New resistance from where We will be expecting a Local move down!
My expected analysis for the week is that price will slow down at market open and potentially sell off from the 16-hour supply zone. Once price enters this zone, I will wait for an Asia high sweep and look for distribution on the lower time frames. If price breaks through this supply zone, there is an 18-hour supply zone where price might react. However, since...
Dear Traders, Hope you are having a great weekend, our latest idea on GBPUSD, sell did not go well, however, we had buy entry which went well in our favour. However, after looking at the data and how price has moved, we have possible another buy entry approaching. Wait for price to come to our area and then rebound from the area towards 1.3500. Good luck.
The HTF shows a strong bullish trend, but remember, there’s always a trend within the trend. As the price approaches the HTF Supply Zone, there might be an opportunity for a short position during the correction before the uptrend continues. Although this setup could be considered high-risk, as it goes against the trend, careful money management can help minimize...
GBP-USD made a strong Move up and the pair has Almost reached a horizontal Resistance of 1.31356 so As the pair is overbought We will be expecting A local bearish correction !
FX:GBPUSD GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management. **If you like our work...
FX:GBPUSD Price almost fell to our area of entry and will soon be rebounding, the main reason price dropped is strong USD data leading price to drop heavily. We expecting price to rebound strongly towards our take profit. First target can be set at 200+ pips from current price region and long target is 600+ pips. **If you like our work then please like and...
GBPUSD is trading in an Uptrend and the pair Broke the falling resistance Which is now a support Then made a retest and Now we are already seeing A bullish rebound so we Will be expecting a Further move up !
The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend. Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the...
GBP-USD broke the rising Support and the breakout Is confirmed so we are bearish Biased and we will be expecting A further move down !
This week, GU is expected to align with its bearish trend. Following the recent downside structure break, I anticipate a retracement back up before continuing lower. Once price reaches the 22-hour supply zone, I will look for distribution on the lower timeframe to confirm the continuation of the bearish trend. If price continues to drop and hits the 9-hour demand...
OANDA:GBPUSD First expect price to rise towards the previous high, once price reach to that level we can expect it reverse as DXY will likely to bounce back from it's current bearish trend. The full trade can be divided into three phrases first 300 pips and as it follows by setting two another take profit. In total we will aim 1000 pips in long term view. good luck.
I am looking for sell opportunities in GBP/USD. Recently, the price dropped and broke structure to the downside, indicating a bearish trend. To capitalize on this move, I expect a retracement back to our marked points of interest (POIs). Once the price retraces to these POIs, I'll be watching for a Wyckoff distribution pattern on the lower time frame to initiate...