U.S. Dollar / Pound Sterling

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U.S. Dollar / Pound Sterling forum


GBPUSD Expecting risk off conditions for Dollar Index which will allow GBPUSD to book lower prices.

1st point of interest is 1.32340
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GBPUSD It's a proven strategy in my experience: when price drops back below the weekly open and starts rejecting it on lower timeframes, it often signals a high-probability short setup.

The mean averages are on the verge of crossing, which could reinforce this rejection. Keep a close eye on that area—once price reacts and confirms the rejection, it's time to pull the trigger and go short with confidence
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GBPUSD In a sense, the price is at a pivotal point—right at the long-term average price for buyers (the thick green line). Just above it, at the level of 1.3380, we find another key level where buyers have recently opened positions but are already facing losses. Soon it will become clear whether the market will pull buyers deeper into losses or if it will bounce back to a higher level, allowing them to enter into profit.
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GBPUSD if the daily candle of today can also remain above 1.331 then we good for the buys tomorrow to take us further up as DXY is also currently at the fib level
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GBPUSD I would like to see price come back to the fib level area around 1.332 to go long - if not - tomorrow it might happen or I just wait for a new opportunity

Weekly and Daily is Bullish - waiting to see the 4HR respect the Fib level we currently at market structure shift on 1HR and 30min TF

Note that this is not a buy limit and that we still need to wait and see what happens at the fib area once and if it reaches there again
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GBPUSD Price action (If you understand) is insanely smooth! Its Bulls turn!

Take Partials! Protect and play on! Have a good one guys, ADIOS!
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