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...
Correction phase now in a zone to conitnue his buy trend
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.
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.