Cable reached the peak of its recent range last week and formed a downward engulfing pattern before moving back to lows around $1.193. While a breakout is possible here depending on sentiment, with potential targets around round numbers like $1.19 or even $1.18 further ahead, the absence of any obvious driver ahead of the NFP might suggest that continuation of the...
This demand should be a springboard for buyers. Although I don't think the buy will go far, I think it will go far enough to lure in a large portion of the market before the huge liquidity zone sweep. Once buyers are screwed over, we can look at joining the market makers with the true buy position. Have a great trading week gang...
After some careful consideration of the price action I realized that CABLE was making a very RARE, DOUBLE HARMONIC pattern called the 3 drives. In this case it appears as though CABLE is creating a BULLISH THREE DRIVES DOWN harmonic pattern. Which would frame our sells at this point and give us a nice potential EXIT to any CABLE sells at point #3. From point #3...
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives tot arget
#GBPUSD / 4H Hello traders, welcome back to another market breakdown. GBPUSD has made a doube top and now is trading bellow the Mid-range. I'll be looking to a feed the down trend if I get another chance above the Mid-range. Trade safely, Trader Leo.
-Short pull back to the top yellow pivot and look for slight move away & up to get in. -The Dollar still has a lot of uncertainty with the Policy and Fed Decisions.... -Can we back Sterling yet? Let me know your thoughts??
GBPUSD in Daily timeframe is making a pattern. If it'll complete that, will see 1.11 for next 2 months. Otherwise, will rise and will go for 1.31 I have just wait for the two of them.
GBPUSD has created double top & a re-test of the bearish-order-candle likely to cause the pair to revert to its mean... 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 #cableEEKLY
GBPUSD is bouncing off the floor of the accumulation phase and it is supported by the daily trend line..may see the same reaction with the 4H demand zone ---->so expected up move up to the next daily key level with nice long trade with good R/R ratio...be safe...
GBPUSD H4 - Not entirely sure of cable at the moment, and I think and feel there are more attractive and clear cut setups, we discussed this on a coaching call last night, and compared this pair to XAUUSD and USDWTI, of which, we decided to signal XAUUSD shorts to the group, which unfolded nicely, whereas GBPUSD has yet to do so. Ultimately, shorts from 1.24150...
The bearish combination of a possible double top and broken rising trendline suggests GBP/USD will test the neckline of the pattern. If the double top completes, the price objective is 1.3120
The GBPUSD pair appears to be displaying signs of weakness, with the upward bias on the 1-hour chart appearing to fade. If the price closes below the channel or trendline, I expect it to reach the 1.23250 and 1.231300 price levels. Share your thoughts on this and don't forget to follow me for updates.
The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach...
The GBPUSD currency bullish force looks good for the coming week. The GBPUSD pair price seems to have cleared the minor resistance levels 1.2120 and 1.2140 and retested the same. So, we anticipate the price to continue to rally to the 1.2420 and 1.2450 range. There is high-impact news that may effect significant price moves in this new trading week. Notable,...
Cable is back in an uptrend after a capitulation back in September, with the current price making some extended move up after breaking above 1.2 psychological level. We see Cable unfolding a five-wave bullish impulse from the lows, with more upside coming after recent pullback from the highs that unfolded as a correction. Ideally, that was subwave four that can...