4hr supply zone has held, pushed Price downwards and broken the upward trend channel that has contained Price movement since last week. I have a chart pattern which correlates with the current Price movement in play which signifies that we have enough momentum to see 1.2511 today with the help of NY PMI news or probably this week. 3 Points rejection on a 4hrs...
GBPUSD seemed to recover a bit after few days of being bearish. FOMC is expected to increase interest rates by 25 basis points and it will be interesting to see how the markets behave.
Price is going down within descending channel. Possible bullish reaction on 50% fibo and lower band of the channel.
Welcome to my second trend angle analysis for GBPUSD. Previous trend angle buy analysis was a huge success. Presented is a 1hr sell analysis within an ascending channel. Within my set chart dimension the trend angle sell off top channel resistance is around 21-22 degrees. Given continuous pattern I sentiment a bottom channel support retest which lines up with our...
We have GBPUSD as a long, with enough support. In addition, price has crossed the two moving averages of the Ichimoku Cloud. TP: 1.279 OR ABOVE
Will be looking for a possible "price exhaustion" condition on lower time frames for a buy in the highlighted zone.
GBPUSD is has given us multiple confirmations on this trade: The Analysis is Done On The 4 Hour + Daily, The Trade Is Placed On The Daily On the 4hr we have: Divergence StopHunt On the Daily we have: Break of Structure Retest Of Structure Also The BXY(GBP Index) is showing signs of strength indicating most GBP pairs are gain strength
Currency Pair: GBPUSD 0.09% BUY Limit Entry Price:1.31 Take Profit:1.32260 Stop Loss:1.29950 Capital Risk:500USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 600USD Risk/Reward: 1:1.2
All information on the chart. Any questions just comment.
GBPUSD 4H Long TP1: 1.39280 TP2: 1.40110 TP3: 1.40679 Entry: 1.38500 SL:1.36710 This is not investment advice
The sliding parallel of a rising channel (light blue), the upper parallel of the descending channel (orange), the 0.618 fib retracement of previous drop and previous structure (purple) all consist a powerful sell zone to watch for shorts.
GBPUSD 4h Long TP1: 1.41147 TP2: 1.41507 Entry: 1.40618 SL: 1.40144 This is not investment advice
GBPUSD 4H Long Resistance: 1.42943 - 1.44508 Pivot: 1.41882 Support: 1.40700 -1.40317 This is not investment advice
GBPUSD 4H Short setup Support: 1.28000 This is not investment advice
GBPUSD 4H Resistance: 1.25370 Support: 1.24400 This is not investment advice
Cable is at a important support @ 1.49. If it is to go further down (which is likely), Bull will wait to put a fight @ 1.482x to 1.485x region.. Once the rate hike frenzy is over and if the pair is to hold 1.49x strongly, we shall see it visit 1.50 again.. Wave Analysis: Down PA: Down I am netural for now//
Interesting level in cable, this may be a good opportunity to go short right now into next week. Excellent RR.