Check the trend It is expected that after some fluctuation and correction, we will see the beginning of the upward trend. Otherwise, with the breaking of the red support zone, the continuation of the downward trend is likelyby STPFOREX4
GBPUSD SELLS 12/27//2024So we have been in a bearish trend so we are just following the trend seeing our next lower high and LOWER LOWER SO just waiting for our next LOWER LOWER FOR TARGET 1 for 45 pips.Shortby Chavatradezz113
Stop!Loss||Market Watch: GBPUSDStop!Loss||Market Watch: GBPUSD In correlation with other foreign currencies, GBPUSD is in a downtrend phase against the U.S. dollar, having reached annual lows at extremes near the values of 1.2475. In correlation with the previous forecast on EURUSD, the following possible scenarios for GBPUSD can also be predicted. If the downtrend shows its strength, the rate decline may continue, which may be signaled by a downward breakdown of the year's lows at 1.2475. At the same time, on the four-hour time-frame over the last few days we can identify the formation of a potential reversal formation of the “descending wedge - triangle” type, which ended with its upper directional breakdown. Thus, if the rate continues its recovery and overcomes the resistance at 1.2615, and then breaks out of the downward channel of the last few months, it will serve as a technical signal to change the downtrend and further growth of the rate. 🚀 Trade with the professionals of THS - Wave Theory! 🔹 All trades are based on wave analysis. 🔹 Fixed stop loss and take profit for risk management. 🔹 100% automation: copy trades through CopyFX service. 🔹 Reliability and transparency: the results are confirmed by the market. 📈 Don't miss the chance to earn steadily! 👉 Connect to CopyFX with THS and start copying profitable trades right now! 💡 Details on our channel and in the app! Shortby Trade_Hive_Signals2
GBPUSDGBPUSD the British pound will face more bearish days ahead as united state dollar trade war starts, dollar index will see more liquidity09:35by Shavyfxhub0
HOW TO TRADE LONDON SESSION LIVE TRADING SMART MONEY CONCEPTHere in this video i show you how you can trade london session using smart money concept so you can make more profit and reduce loss. you need to mark high and low of asian session to know which one to go if it break any of the two area marked.Education10:56by FrankFx140
GBP/USD: Short OpportunityOn the 1-hour timeframe, GBP/USD appears to be breaking below the support trendline (black). Next Target: 🎯 Support level in the green zone. This breakdown could signal further bearish momentum. Watch the green zone closely for potential price stabilization or buying interest. Manage your risk carefully.Shortby WaveRiders21
GBPUSD H1 I Bearish Continuation?Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2556, which is a pullback resistance aligning with a 50% Fibo retracement. Our take profit will be at 1.2497, an overlap support close to the 78.6% Fibo retracement. The stop loss will be placed at 1.2609, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Shortby FXCM3
GBPUSD InsightHello, subscribers! Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Kazuo Ueda, Governor of the Bank of Japan, stated on the 25th that "if economic conditions improve, it may be necessary to raise policy rates and adjust the level of monetary easing." However, markets assessed that he did not provide a clear signal for a rate hike. - The 7-year U.S. Treasury auction saw strong demand, with a yield set at 4.53%, lower than the market expectation of 4.55%. - The U.S. Department of Labor reported weekly initial jobless claims at 219,000, below market expectations. However, continuing jobless claims—those filing for unemployment benefits for two or more weeks—rose to 1.91 million, exceeding forecasts. The market interpreted this as a slight decline in the number of unemployed individuals in the U.S., but noted challenges for existing claimants in finding jobs and a decline in hiring demand by companies. Key Economic Indicators + December 27: Tokyo December Core Consumer Price Index GBP/USD Chart Analysis With European markets closed for Christmas and Boxing Day, the forex market displayed volatility, focusing on the movement of the U.S. dollar. GBP/USD continues to hold the 1.25000 level, which serves as a short-term reference point. - Break below 1.25000: Likely downward trend toward 1.23000. - Break above 1.25000: Possible upward trend toward 1.27000. We will evaluate the long-term trend once GBP/USD reaches the anticipated highs or lows. Shortby shawntime_academy0
GBP/USD Analysis (30-Minute Perspective)The current structure on GBP/USD shows a potential bullish scenario unfolding as price reacts from a significant zone. Here's the breakdown of my analysis: Support and Rejection: Price has tapped into a well-defined support zone around the 1.2500 - 1.2510 region. This area aligns with the lower boundary of the discount zone, where buyers seem to be stepping in to defend this level. Trendline Break: A key downward trendline has been broken, which signals a potential shift in market sentiment from bearish to bullish. This is the first confirmation of a possible continuation to the upside. Hourly Resistance in Focus: Around 1.2555 - 1.2560, there’s a notable hourly resistance level that price needs to overcome to confirm bullish momentum. A break and retest of this level would provide further confidence for continuation toward higher targets. Key Target – Weekly Psychological Level (1.2600): The weekly psychological level at 1.2600 serves as the next significant target for price action. This level is critical due to its psychological and technical importance, making it a likely area for sellers to step in. Confluences for Bullish Continuation: The rejection from the support zone and break of the trendline indicate potential bullish order flow. The alignment of the hourly resistance and weekly psych-level provides a clear path for price to gravitate toward. Projected Move: I expect price to first retest and overcome the hourly resistance level at 1.2555 - 1.2560. Once this happens, there’s a strong likelihood of price reaching the 1.2600 level. A decisive break above 1.2600 could open the door for further upside toward higher premium zones, but I’ll reassess the structure once we get there. Final Thoughts: The bullish case is promising, but I’ll remain cautious of potential rejection at the hourly resistance or the weekly psychological level. For now, I’ll wait for clear confirmations before making any trade decisions. Longby israelharrison0100
Pillars of Successful Trading: Technique, Mindset, and StrategyDECALOGUE 1: THE ART OF A GOOD TRADE (TECHNICAL) 🎨📈 1️⃣ Have a clear plan: Define entry, exit, stop loss, and take profit before you trade. ✍️📊 2️⃣ Cut losses quickly: Don’t let a bad trade ruin your capital. 🚫📉 3️⃣ Let profits run: Use trailing stops to maximize gains. 🏃♂️💰 4️⃣ Manage risk: Never risk more than 2% of your capital per trade. 🔒💵 5️⃣ Diversify positions: Avoid putting all your capital into a single asset. 🧺💹 6️⃣ Trade in clear timeframes: Stick to a timeframe that matches your strategy and don’t change it impulsively. 🕰️📆 7️⃣ Avoid overtrading: Less is more. Don’t trade out of boredom or frustration. 🛑🙅♂️ 8️⃣ Trust confluence: Combine indicators and technical analysis for stronger confirmations. ⚙️📐 9️⃣ Follow the trend: The trend is your friend; don’t go against it without solid reasons. 📈🤝 🔟 Optimize your risk-reward ratio: With a 1:2 ratio, you only need a 34% win rate to be profitable. Even losing 6 out of 10 trades, you’d generate a 20% net gain. 🧮🎯 DECALOGUE 2: THE MIND OF A SUCCESSFUL TRADER (PSYCHOLOGICAL) 🧠💪 1️⃣ Stay disciplined: Follow your plan even when emotions try to steer you off course. ⚓🧭 2️⃣ Accept uncertainty: You can’t predict the market, but you can control your decisions. 🎲🤔 3️⃣ Control fear: Avoid panicking during sharp market moves. 🛑😱 4️⃣ Avoid greed: Don’t chase extra profits outside your plan. 🤑🚫 5️⃣ Learn from losses: Every mistake is an opportunity to improve your strategy. 📖🛠️ 6️⃣ Be patient: Wait for ideal setups and don’t force trades. ⏳👌 7️⃣ Set realistic goals: Don’t aim to double your account in a month; focus on consistency. 🏆📅 8️⃣ Detach emotionally: Trades are just data; they don’t define your worth. 📊😌 9️⃣ Rest properly: A tired trader is a less effective trader. 😴⚡ 🔟 Trust your system: Confidence in your strategy is crucial to overcoming doubt. 💡🙌 DECALOGUE 3: A SOLID TRADING STRATEGY (STRATEGIC) 🛠️📈 1️⃣ Spot clear opportunities: Use technical and fundamental analysis to back your trades. 🎯📖 2️⃣ Set alerts: You don’t need to stare at charts all day. 📳⏰ 3️⃣ Leverage technology: Use tools like bots or Pine Script to enhance decision-making. 🤖🖥️ 4️⃣ Evaluate market context: Is it trending or ranging? Adjust your strategy accordingly. 🔄🌍 5️⃣ Use multiple timeframes: Analyze from macro (higher timeframes) to micro (lower timeframes). 🔍📅 6️⃣ Prioritize liquidity: Trading low-volume assets increases slippage risks. 💧⚠️ 7️⃣ Trade during key sessions: The best opportunities often come in high-volume trading hours. ⏰📊 8️⃣ Always protect your capital: Your capital is your main tool; never risk it recklessly. 🛡️💰 9️⃣ Optimize your stop loss: Place it at logical, not arbitrary, levels. 🚦📐 🔟 Keep a trading journal: Record every trade to identify patterns of success and mistakes. 📓✍️Educationby PINE_LABS2249
GBP_USD RISKY LONG| ✅GBP_USD is going down to retest a horizontal support of 1.2480 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 1.2560 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx4
GBPUSD- DUMP!GBPUSD- DUMP!- -Key lelel and trendline last supports and now been touched again with strong supply. Waiting for a breaking out and dump soon. -Down structure.Shortby usstockswallstreetdream110
Daily Analysis of GBP to USD – Issue 177The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.Longby MoonriseTA1
GBPUSD SHORT Market structure bearish on HTFs 30 Entry at Daily and Weekly AOi Weekly Rejection at AOi Daily Rejection at AOi Previous Structure point Daily Around Psychological Level 1.26000 H4 Candlestick rejection Rejection from Previous structure Levels 9.57 Entry 105% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.Shortby mobbie_zwUpdated 3
GBPUSD Is Bullish! Buy! Take a look at our analysis for GBPUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.252. The above observations make me that the market will inevitably achieve 1.258 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider114
Fundamental Market Analysis for December 26, 2024 GBPUSDGBP/USD currency pair was not traded on Wednesday due to the closure of the Forex market. On the weekly timeframe, the pound demonstrates similar dynamics to the euro. The differences lie in the strength of the movements, reflecting the different stability of the euro and the pound. However, the general trend is set by the growth of the US dollar, which has been strengthening for 16 years. This confirms that it is the dollar that is driving the market, not the weakness of the euro or pound. Over the past 16 years, the euro has depreciated 1.55 times and the pound 1.69 times. The pound's faster fall is due to the UK's economic problems. The pound has recovered more strongly than the euro over the past two years, but this movement remains a correction within a global downtrend. The fall in the British currency is likely to continue. If the global trend is not completed, the pound could fall to the 1.18 level in 2025 or even below this parity. The completion of a 16-year trend requires significant catalysts, which have not yet been seen. The main driving force for the pair remains economic data from the US, while the British Pound continues to be under pressure due to weak macroeconomic data and political instability in the UK. Investors should keep an eye on news related to the Fed's monetary policy and interest rate expectations. Trading recommendation: Trading mainly with Sell orders from the current price level.Shortby Fresh-Forexcast20040
GBPUSD Potential BearishGo Through the This analysis Here is Breakdown of Market Move as Bearish Setup Guys. Entry Point 1.25280 Sit From here in Sell Side Potential Bearish 1st Support 1.24770 This the First Support of Price Level. 2nd Support 1.24022 if the Price Continue this is next major support Level. You can see more Details in the Chart PS Support with like and Comments for more insights.Shortby Sense_TradingUpdated 8828
GBPUSD: A Pathway to Profits with ConfidenceToday, our forecast for the GBPUSD pair points decisively towards a buying opportunity. With an entry price set at 1.25307, our strategy aims for a take profit at 1.25312333, securing gains while the stop loss at 1.25296333 ensures a safety buffer against unexpected fluctuations. This projection is based on the meticulous and data-driven process of the EASY Trading AI strategy, which consistently identifies low-risk high-reward scenarios. The essential factors contributing to this bullish momentum stem from technical indicators and market trends. Our historical analysis shows a substantial win rate on similar conditions, indicating strong market positioning with minimal drawdowns. The comprehensive setup includes volatility thresholds and precise signal retention sequences to filter and validate trading signals, optimizing entry and exit points. In alignment with the EASY Trading AI strategy, the algorithm favors trades where risk management is paramount, ensuring that even during volatile market shifts, the potential for losses is minimized, reinforcing the reliability of the strategy. Traders can enhance their approach by following the signals offered through our service or employing the automated bots available for further ease and efficiency. Embrace this opportunity with the assurance of a strategy grounded in rigorous analysis and proven by consistent success metrics. Always remember, in trading, discipline and calculated risks are your best allies.Longby ForexRobotEasy2
GBPUSD H1 I Falling from 61.8% Fibo? Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2557, which is a pullback resistance close to a 61.8% Fibonacci retracement. Our take profit will be at 1.2516, a multi-swing low support level. The stop loss will be at 1.2584, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM0
Week of Oct 24, 2022 - Price Action StudyDownload the Chart and Use the Groups of Drawings to Navigate the HTF Bias(Trend) and Context (PD Arrays), Narrative (Probable PD Array to be reached for next), Entries (1H/15m), and Risk (CBDR and levels in chart) With the period starting mid-week Oct 24, 2022 - Thursday Journal Define Weekly Range Profile with IPDA True Day Markers Done - IPDA True Day Lines Out of IPDA 60 Day Range, Price is in the bottom of a Discount range Guess for Weekly Range Profile - Classic Tue Low of Week Reason: Tues had a lower close, my hypothesis is that Price will make the high of the week aligned with the short term weekly high from Sep 12, 2022 Therefore if Price has not reached the target Premium PD Array by the London session, I aim to buy Orderblocks into the Sep 12 Weekly High before turning Bearish (FULL CONTEXT HYPOTHESIS) On 1H Chart, you can frame the target areas you want to trade from EOD Wednesday - End of NY PM Session ends the day on a higher high and the high of the week so far Thu Asian Session - Consolidation above the 1H OB from Oct 26th The 1H OB has been wicked twice in previous NY AM Session Price has created EQ Candle lows across Wed NY PM Session and Asian Session Thu London Session - Price moves aggressively into the 1H OB I know now that I am going to drop down to the 15m timeframe to look to execute an entry Huge Detail: WE ARE LOOKING FOR A LTF PD ARRAY TO FORM INSIDE THE 1H ORDERBLOCK TO VALIDATE ENTRY London Session continues to move down into the 1H OB Thu London Session EOD (5m/15m) Shortly after 5am Close, 5m and 15m chart shows MSS and creates 15m OB Looking for Entry on PD Array on 15m Timeframe (More Probable TF) 5m if refined entry NY Session AM (5m/15m) BIG NOTE: If News coming at 830a EST, move should happen after that - try to not Trade through 830a - that is GAMBLING, not Trading Depending on news being present, entry as the following Entry Price: Top of OB - 1.157 OB 50% Threshold - 1.156 No High Impact News/Events post 830a EST: 15m candle down close inside of 15m OB With High Impact News/Events post 830a EST: After 830a or whenever time the news is released (FOMC 2p EST) Entry in Case Study if condition is present: 845am Entry in Case Study if condition NOT present: 800am May just wait for 830a since it’s closer to NY AM Session Open? Important: What made this entry work? Price never closed under OB low after entering 15m OB Price showed 15m MSS (a 2 bar close under 15m OB is low proabability) William %R Divergence: Price making Lower Lows dropping into 15m OB and Higher Highs on William %R Exit Analysis: Original Price Target: Sept 12th Old Highs (4:1 RR) | Price: 1:174 Intermediate Target(s): Asian Session Bearish OB (1:1 RR) | Price: 1.162 (50% threshold) Result: Price failed to reach Original Price Target which makes sense as there did not seem to be high impact news present - with this we would aim for 1:1 or 2:1 moves using CBDR as reference for spread Move ended up reaching 1:1 RR aligned with 1H Bearish OB BREAKEVEN Thu IPDA Range Conclusion: Asian Session created Thu High NY Session AM Distribution leg created a lower high on 1H timeframe IPDA True Day closed in Discount area of the Wed 1H OB Midnight Price closed at EQ area of the Wed 1H OB With the period starting mid-week Oct 24, 2022 - Friday Journal Define Weekly Range Profile with IPDA True Day Markers Done - IPDA True Day Lines Guess for Weekly Range Profile - Classic Tue Low of Week Reason: Wed had a higher close and made the High of the Week around 1AM Thu before selling off and creating a lower high, my hypothesis is that Price will finish the week with a choppy day or lower close than Thu Therefore if Price has not reached the target Premium PD Array by the London session, I aim to buy Orderblocks into the Sep 12 Weekly High before turning Bearish (FULL CONTEXT HYPOTHESIS) On 1H Chart, you can frame the target areas you want to trade from EOD Thursday - End of NY PM Session ends with price Idenfied Wed FVG under the 1H OB that was mitigated Thu Marked 50% level of FVG Thu Asian Session Short Rally after closing below Thu NY Close then selling off later into day I know now that I am going to drop down to the 15m timeframe to look to execute an entry Fri London Session - Price moves aggressively down into the 1H FVG Huge Detail: WE ARE LOOKING FOR A LTF PD ARRAY TO FORM INSIDE THE 1H ORDERBLOCK TO VALIDATE ENTRY Price creates a 15m Breaker Block and 15m Bullish OB in London Fri London Session EOD (5m/15m) Price trades back into Breaker Block at 5am Entry Price: 1.152 NY Session AM (5m/15m) Price Trades to Thu NY Session close before print Bearish hammer candle and close below Thu NY Session close Intermediate Price Target As price moves into NY Session, adjust 15m OB to last unmitigated candle before 830a EST BIG NOTE: If News coming at 830a EST, move should happen after that - try to not Trade through 830a - that is GAMBLING, not Trading Depending on news being present, entry as the following Same with or without News: FVG nested Breaker Block retest 845am | Entry Price: 1.152 Important: What made this entry work? Breaker Block forming on 15m timeframe aligned with 15m OB inside of 1H FVG near EQ (Strong Probablity) Exit Analysis: Original Price Target: Fri Asian Session Highs (2:1 RR) | Price: 1:159 Intermediate Target(s): Thu NY Session Close (1:1 RR) | Price: 1.156 Result: 2 Trade Opportunities London Session 530a - 730a, 1:1 (Entry/Exit/RR) NY Session AM 845a - 1045a, 2:1 (Entry/Exit/RR) If held through 4p EST close, 2.75:1 RR (2x CBDR from entry) Fri IPDA Range Conclusion: Friday closes Higher than NY Session Low We do not count Sun price action independently Confirmed Weekly Profile - Classic Tue Low of Week Price seems to be close to discount than Premium range Traded inside of Wed Oct 26th candle on Thu/Fri Longby EaszzzyE2
GBP-USD Will Grow! Buy! Hello,Traders! GBP-USD is going down But the pair will soon hit A horizontal support Of 1.2480 and after the Retest we will be expecting A bullish rebound And a local move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals225
GBP/USD Retests Broken Trendline: Sharp Fall Ahead?GBP/USD has broken below a strong rising trendline support and is now trading at a critical support zone. The price is currently retesting the broken trendline. If it fails to hold this key support, we anticipate a sharp decline in the coming sessions. Monitor this level closely for confirmation. DYOR, NFAShortby unichartz66317
Anybody in for a reversal with me?Well, starting with the downtrend structure we had from the 1.34xx seems broken. Apparently, our beloved cable had to take all those early bulls out before it could go back reclaiming money it left at supply. There are multiple evidences why I think we should be buying GBPUSD. Amongst the most prominent ones, we have: 1- Price being protected (twice) at the demand area 2- BOE held the rates, it does not mean UK is doing great at other variables such as inflation, trade balance, debt, job market etc., it just means they plan to maintain the burden on businesses and public with relatively higher mark ups on public lending. It might be a double edged sword but that is pretty much how capitalist economies maintain and control their inflation rates. 3- Market has not claimed the liquidity at marked supply area ever since it started dropping, so this might be a good start 4- This one might not have matured just yet, but it is diverging bullish here This is my idea for adding small long positions starting Monday post intraday pullback, if you think I might be wrong, please let me know in the comments with proper reasoning. (saying because I need a reason to reconsider which I might be unable to see lol) Cheers!Longby Uzi-Trades-ForexUpdated 1128