After seeing GU close back below 1.32500 after tje FOMC new release, we could expect a further push to the downside as the pair also traded below a trendline are of resistance but in the mean time buyers are still in control of the market and the best thing to do now is wait...
Gbp as shown as strong rejection from the h4 ob , price as took a lot of protein and i'm now into a zone of buying interest , i will eventually look for buy tomorrow , but if you love to take some risk it's a very interesting long entry into a order block with a good potential, first target could be 1.28400 to completely fill the gap.
Hey Trader, Check out this analysis on GBPUSD. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
GBPUSD is in range so we prepared the trade plan by playing resistance and support, prepared two trade plans
Here the price has moving down and it keep pushing . Looking at Elliot wave we can see it predicting sell on 4hr timeframe . That means that price will keep going down . At this point going for SHORT is needed and targeting level should be around psychological level of 1.28000 and 1.27000
Here is my idea on GBP USD. Trade confluence 1. Head and shoulders Pattern 2. Bouncing from the Neckline to retest the broken bearish market structure creating a LH 3. We are waiting for double top to complete at the reset level for entry short. Maybe Not?
GBP USD has formed a symmetrical triangle. To get an entry we must wait for a break out of the pattern and a retest of the previous low that was created. Your thoughts on GBP USD ?
Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own...
Hello guys, Here is my GBP USD trade set up. GBP USD has broken a major support level, now waiting for the retest of the broken support level to enter sell position base on candlesticks confirmation patterns at the retest.
I see that there is a possibility of a bullish minor for GBPUSD. Where at this time the price is seen responding positively in the support area, like my analysis last week and seeing the condition today where the candles formed tend to be less volume, then there is a possibility for reversal. If you want to do Long, you can at a small risk below 20pips.
The GBP/USD currency pair is trading near a multi-month low, constrained by BoE rate hike prospects and a strong U.S. Dollar. Key technical resistance and support levels are identified at 1.2630 and 1.2530 respectively. The market awaits cues from BoE's Policy Hearings and U.S. ISM PMI, as looming recession risks temper bullish sentiments. TRADE IDEA...
The GBP/USD pair is experiencing volatility amid conflicting economic indicators. While US Nonfarm Payrolls exceeded forecasts, the UK's Manufacturing PMI showed contraction. The market anticipates the Federal Reserve to pause rate hikes, contrasting with the Bank of England's tightening signals. Downside risk exists with strong support at 1.2545, as per UOB...
continuing last week's analysis, where the price could not increase more than the invalid area. the price is back down to continue the bearish trend. the farthest target is still on the red line below.
Based on my analysis, it seems probable that the price of retest area SND will continue to trend bearish this week. This is because there is currently no dominant Bullish candle in sight.
The GBP/USD pair has experienced an upward bias, reaching a yearly high of 1.3160 and then pulling back to 1.2815, finding support at the 61.80% Fibonacci level at 1.2851. However, the price action formed a spinning-top candle followed by a bearish candle, indicating potential weakness. The immediate resistance level is around 1.2906, marked by the recent high...
GBPUSD is still in accordance with the last analysis. the trend looks bullish. now the price has reached fibo expansion 1. the length of wave 5 is the same as wave 3. if the price today can form a new HH, then there is a high probability that the price will form a bullish continuation again.
if you look at the existing curves, there is indeed a possibility for prices to continue to bullish to the SnD area, my analysis still hasn't changed. I still see this pair in a correction period. the upper limit is the invalid area, as long as the price does not rise more than the invalid area, it is better to look for opportunities to short.