A very prominent reversal is spotted on GBPUSD considering the following: 1- Head and shoulders appeared as a reversal structure which is an indication that long positions are being closed i.e. GBP might start to lose the battle against USD. 2- Broken lower trendline indicating a shifting bias to downside. 3- We are still stuck inside the daily tf ichimoku cloud,...
GBPUSD! N.B! - GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gbpusd #cable
TVC:DXY Dollar bears may come into control swiftly if we break down within this channel, reaching the red support zones. However, while we are still within the amber zone, patience. Whilst analysing the dollar, think of other currency pairs such as £. Ignoring the outside noise and concentrating on price action is key at this moment in time. Trade Journal |...
Although we cannot yet rule out a new bottom on daily chart, from a technical point of view, we are approaching an interesting support area, and this should trigger a bullish reaction on the pair. That said, our short-term view is bullish and we will follow the development in the next few hours on intraday chart (Reversal Pattern formation is necessary to trigger...
My bias is still lower prices for now (refer to my higher-timeframe ideas). However, am interested to see if these trade ideas play out, at least one of them. What is important to me is the day of week, and the time of day, engineered liquidity, along with any scheduled economic news drivers.
GBP/USD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.20707 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 127.2% extension levels. Stop loss is at 1.18248 which is a swing-low support level. Take profit is at 1.23087 which is...
Hello traders, 1.2179 is strong enough to retrace the GBP. We'll wait for any breaks out of the level before putting sell orders. There is one entry and1 TP for this pair. Levels calculated order_block, regarding support and resistances, channel and pivot points.
short cable on trend resumption. pull back to between 12220 trend resistance to 12250 FIB0.23 resistance. target 11930 stops above 12400. RSI to act in confluence, turn down around 40 level for validation. THEME expect UK macro data to disappoint contract to US data showing relative strength.
GBPUSD is rising towards an overlap resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.25278 Why we like it: There is an overlap resistance level Stop Loss: 1.25839 Why we like it: There is an overlap resistance level that aligns beyond the 38.2% Fibonacci retracement level Take Profit: 1.24457 Why we like...
So far this year, the pound has made significant progress to the upside. However, there's now a chance that the pair completed the final wave (5) of a five-wave bullish cycle, especially if we consider an ending diagonal formation within wave (5) and a broken trendline, so traders should be aware of more weaknes. A drop from 1.3145 can be counted in five waves for...
GBPUSD is falling towards the buy entry at 1.26703 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 1.25865 which lies below a swing-low support. Take profit is at 1.27794 which is an overlap resistance that sits under the 50.0% Fibonacci retracement level. Please be advised that the information...
GBPUSD is starting to break its 100-period moving average (MA100) and entering the area of 1.27488 - 1.27685. Cable is waiting for a breakout to occur along with a golden cross between MA8 and MA100 to confirm a short-term uptrend. However, due to the relatively chaotic MA Pattern, it's better to observe GBPUSD's movement today before entering positions. Let's...
GBPUSD is falling towards the buy entry at 1.26993 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 1.2640 which is an support that sits under a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels. Take profit is at...
GBPUSD is rising towards an overhead resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.27793 Why we like it: There is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and 78.6% projection levels Stop Loss: 1.28160 Why we like it: There is an overlap...
Last monthly price fell short of a monthly FVG and this month retraced lower that last month's low. Price is currently finding some support at a confluence of PD Arrays (Monthly Order Block, Monthly Breaker Block, and Consequent Encroachment of a inverted monthly wick). I have no bias at the moment on this timeframe as price could go either way, and we may see...
Currently there are almost more buyers in the market GBPUSD is bullish! We believe we are in demand zone and we expect a move! There could be a short-term long position opportunity. These are best levels regarding Support and resistance, Channels, Weekly pivots, Buyers and Sellers focus and order_block.