Here on GBPUSD price has made a double bottom around psychological level of 1.28000 this show that the probility of price moving upward is very high and looking at Elliot wave it preducting up so at the point going for LONG is needed and targeting profits should be around psychological levels of 1.28500 and 1.29000. Is important to use money management . Also...
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 we are bringing you GBPUSD analysis for today and coming week so you can be profitable in your trading journey.
Here on GBPUSD price has made a rebound around psychological level of 1.28500 now heading over down to another level so looking at Elliot wave we can see that is predict down so going for SHORT is needed and targeted profit should be around psychological level of 1.28000 and 1.27500 and 1.27000 .
Here the price has reached a psychological level of 1.29000 forming a rejection and looking at Elliote Wave we can see that is pointing down which means going for SHORT is needed and targeting profit should be around psychological level of 1.28000 and 1.27000 .
Here on GBPUSD price has reached a psychological level of 1.28000 and it continue being uptrend this means that buyers are still in control so going fo LONG is needed and targeting profit should be a psychological of 1.28500 .
Here the price has formed double top at lower psychological level of 1.28000 meaning that is likely to go down and Elliote wave prdicting down. At this point we can now go SHORT and expect targeting profit at psychological level of 1.27500 .
Here we are given you a live analysis for GBPUSD that you can benefits and make profits in your trading journey
Here the price has making higher low and was unable to break at resistance level so we are expecting sell and so confirmed by Elliot wave that the price will go down so it is expected to go SHORT and set a target profit at level of psychological level of 1.27000.
Here the price has rebound below a psychological level of 1.27500 and continue helding down meaning that seller are still incontrol at this point going for SHORT is needed and targting profits should be around a psychological level of 1.27000
Here the price has reached as predicted now trying to make a pull back at psychological level of 1.27500 and now trying to move down. According to elliote wave indicstor stating that price will go down. So it expectet to go for SHORT and targeting profit should be around 1.27000 and 1.26500
Now the price has made a small move for the double top and could not go further showing that buyers are still in control so is important to take start new buy as the price will continue it up trend movement and set targeting profits at psyschological level of 1.27000 and 1.27500
Looking at the chart we can see that it moved as we predicted now it have formed double top meaning that there is a posiblity of going down . So is important to take your profit and wait or enter new sell and target the profit around psychological level of 1.26500 , 1.26000
Here the price have rebound around psychological level of 1.27000 showing that there is more ability to rise and the price still in uptrend . At this point going for LONG is needed and entry point should be around psychological level of 1.27000 and targeting profit should be at another psychological level of 1.27500 of TP1 and 1.28000 of TP2
Here the price has move big up crossing the pschological level of 1.27000 but seeing the Elliote wave is predicting that it will go down that means that price may go down little bit before continue it uptrend. So Keep eye on th the patterns that may form
Here the price has touche the psychological level of 1.27000 helding over to another psychological level with a big bullush candle show that buyer are still in control so it is expected to tarteget another profits at psychological level of 1.275000
As the price is forming consolidation below the psychological level of 27000 that means a new upward move momentum is ranging. So it advicesble to wait and what a pattern that form before entry and set stoploss should be below the support of the ranging price and targeted profits should be on another psychological level of 27500 and 28000
Building a comprehensive trading strategy for GBP/USD (British Pound/US Dollar) involves integrating both technical and fundamental analysis to identify trading opportunities and manage risk effectively. Here's a step-by-step guide to developing such a strategy: **1. Define Your Trading Objectives:** - Clarify your trading goals, risk tolerance, time horizon,...