After support price by lower line of the channel, Cable may firm a double bottom pattern and goes up again. So, On my view, long cable is low risk at this level. Trade safe. Good luck.
Levels calculate by help of Ichimoku, Standard Pivot, Order_block, Sentiment Analyses and also S&R. Sufficient accumulation of reasons indicates the possible existence of a reaction zone. Generally sentiment is Neutral! but new sellers joined recently! 1.2860 is where most bulls entered the market and they may exit in no profit and no loss in their entry...
Price is approaching our buy entry at 1.26753 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Take profit is at 1.27818 which is an overlap resistance level that aligns under the 50.0% Fibonacci retracement level. Stop loss is at 1.26067 which is a pullback support level that aligns close to the 61.8% Fibonacci projection...
In technical analysis, support levels play a pivotal role in determining potential price movements. Recently, GBPUSD demonstrated a noteworthy bounce at the 1.26500 support level. Such a rebound, often suggests the potential for further upward momentum. Given this context, it's plausible to consider the possibility of GBPUSD aiming to retest the 1.2900 mark in...
The Cable is getting ready for a deep bearish dive. Market is current bearish from the larger timeframes of 4 hour and above. On the 1 hour and lower, price is bullish, and we see prices rallying towards the 4 hour supply zone. Market has also shown some signs of early reversal at this level. If the market reverses here, we will be ready to go down with it. Our...
Based on the H4 chart analysis, we can see that the price has bounced off our buy entry at 1.27828 which is an overlap support level that aligns with 61.8% Fibonacci retracement and 61.8% Fibonacci projection levels. Our take profit will be at 1.29464 which is a pullback resistance level. The stop loss will be set at 1.25991, which is an overlap support...
Based on the H4 chart analysis, we can see that the price is approaching our sell entry at 1.30009, which is an overlap resistance that aligns with 61.8% Fibonacci retracement level. Our take profit will be at 1.28778, which is a pullback support level. The stop loss will be set at 1.30616, which is a pullback resistance that aligns close to the 78.6%...
GBPUSD has hit the buy entry which is an overlap support that aligns close to the 61.8% Fibonacci retracement level; momentum could carry price higher. Take profit is at 1.29899 which is an overlap resistance. Stop loss is at 1.26949 which is an overlap support that aligns close the 78.6% Fibonacci retracement level. Please be advised that the information...
GBPUSD is falling towards a pullback support that aligns close to the 61.8% Fibonacci retracement level. Price could hit the buy entry at 1.28266 and potentially reverse from this level to bounce higher. Take profit is at 1.30024 which is an overlap resistance. Stop loss is at 1.26945 which is an overlap support that aligns close the 78.6% Fibonacci retracement...
I don't normally pay much attention to the forex markets, but a friend on Twitter went into a cable short last month, had some immediate success, and then more or less got stopped out when she went rippy rip to start July. After looking at it 6 times, I think that my friend's bias that the pound is bearish is legit, but that it's too soon to get short. The...
I'm waiting for a bearish pound. How ever in case of breaking 1.29330 over I'll expect a bullish move. I also will not enter a short trade before breaking the yellow trend-line in LTF.
GBP/USD remains in a strong uptrend on the daily chart, although prices began retracing on June 16th. We're now looking for momentum to revert to its bullish trend. Whilst prices failed to hold above May high, they're now back above them having formed a 3-day bullish reversal pattern (Morning Star). A small bearish inside day formed due to the 3-day weekend in...
We finally got the breakout of the resistance level @ 1.267 so what next ?? Personally, I'm exclusively focused on buying this pair, but with a calculated approach. We will be waiting for a pullback , as it presents an optimal entry point. On the chart, I've marked a potential buying scenario, where I anticipate a retracement towards the breakout area. Ideally,...
GBPUSD is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 1.26734 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 1.26062 Why we like it: There is a swing-low support that aligns with the 50.0% Fibonacci...
Maintaining my shorts on this pair with validation coming from the 50EMA (turquoise) crossing the 100EMA (white) which forms a death cross in the 4hr time frame. GBPUSD has failed to make a new higher high and so I'm expecting a push down to the recent low, we may break this immediately, or retrace back to the descending trendline that's now formed. We're making...
Price is testing a major overlap resistance and at the same time, seeing a bearish descending resistance line continue to weigh down on prices. A reversal from here could see prices drop all the way to the 1.2606 level - but take note that there's a risk level at 1.2659 which acts as our intermediate support. Please be advised that the information presented on...
I can imagine three different scenarios for GBPUSD. Set different TP points and entering condition in order to reach best money management possible.
GBP/USD has pulled back from its highs and looks like it wants to build a base above the May 2022 high. An inverted hammer formed on the daily chart around the 10-day EMA and momentum has turned higher ahead of the European Open. The near-term bias remains bullish above Friday’s low and for an initial move to 1.2800 or around the 1.2850 highs. A break above...