OANDA:EURUSD Economic analysis Following Wednesday's upsurge, OANDA:EURUSD turned south on Thursday and closed the day deep in negative territory. The pair stays on the back foot early Friday and trades within a touching distance of 1.0800. The renewed US Dollar (USD) strength forced OANDA:EURUSD to make a sharp U-turn on Thursday. The S&P Global...
I anticipate price heading towards the demand area first. So, early in the week, there might be a potential buying opportunity around the 1.27000 region, where the 9-hour demand is located. However, I'll exercise caution due to the presence of an Asian low, ensuring I don't enter too early. Ideally, I'd prefer to see the Asian low swept and the 3-hour demand...
This week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most...
This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to...
This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly...
This week's forecast for GBPUSD involves waiting for additional selling pressure to occur before considering buys around the two nearby demand zones I've identified (10-hour and 11-hour). Following the recent reaction from a 7-hour supply, as the price is currently descending, I am anticipating the exhaustion of selling pressure and the accumulation of...
GU exhibits an overall bearish trend on the higher time frame (HTF) but has recently shown a bullish uptrend in the past weeks. Consequently, my strategy involves seeking buying opportunities leading up to the next marked supply zone, followed by potential selling positions as the price retraces. I anticipate a potential dip, possibly reaching 50% of the 16-hour...
GBPUSD has a similar bias to EU so im also currently looking for a sell setup to form to take price down towards an area of demand. This counter trend trade will allow us to catch a move before we end up buying alongside the bullish order flow at around the 1.22000 mark. Scenario (A) - Price is currently reacting off our 6hr supply zone that we have marked out,...
GBPUSD breaking the nearest resistance. This pair has positive correlation with EURUSD which looks alike price movements. It's now on "QM Buy" zone, consider to looking for buy opportunity. Safer entry after trendline breakout. It's time to buy?
Price have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or...
we can see on monthly chart gbp making a correction and on 4H its on Threshhold phase so after that its lower for retracement that it ! comment if any thing wrong and suggest your idea on comment here
Here is my view for GBPUSD on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Expecting a long push to the upside towards the 1.26736 direction to 1.28770.. Watch closely though we might get a retracement before 1.28
Now we see that the GBPUSD is in narrow range between (1.22) and (1.235). adding to that the formation of a small rising wedge, and a small volatility in the market. UK inflation is likely to fall in the near future according to the BoE Governor Bailey from yesterday, but it will still high too after that small fall. the next move could be bullish reaching the...
Gbp already breakout from range i dont it goes to long to be bearish but only to reach the liqiuidty level and pull back for long up side targets.
FX:GBPUSD breaks the trendline now it's looking to retest the previous minor support. you can take both long-term and short-term trade with my analysis. important. please always use proper risk management
Bullish Indications • As per DOW’s theory Price action is registering Higher Highs and Higher Lows. • Candle Stick pattern show Inverted Hammer is followed by Bullish Engulfing candle which indicates Bulls are in control. • Support zone is at 1.23386 which can help price bounce up to continue bullish trend. • Linear Regression Channel with standard...
Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color (Long Term) We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of...