GBP/USD looks as if some weakness is creeping in to the chart. On the smaller timeframes we had a TEST of the resistance at 1.235 area during large session volumes, followed by a subsequent retest where it looks as if buyers are exhausted, as they have failed here to push above the resistance during multiple sessions. Looking for volumes to start pulling CABLE...
Hi everyone We currently entering into a strong sellzone for Cable. Protective stops noted in the blue shaded area Based on the 4hr movement - showed us strong bullish momentum. We had a market structure shift to the downside but stops are being targeted and raided. strong believe price will start reaching for lower areas now - BEAR power Target area -...
According to analysts at ING, GBP/USD is currently fluctuating below the 1.2300 level after the Bank of England's recent decision to raise the policy rate by 25 basis points. The economists predict that the pair will soon test the key resistance levels of 1.2420 and 1.2500. Despite the rate hike, the Bank of England did not provide much guidance in their...
I have been recently testing out ICT Concepts. Here is my analysis, let me know what you see...
Our cable trade from several days ago is playing out BEAUTIFULLY lets see if we can get some SUPPORT STRUCTURE tomorrow with CPI Hopefully anyone who missed out can get in before the main rally
IN this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
We hold this view as a long term view for the Cable. An ending diagonal in wave C signified the end of the bearish move and a start of Bullish Impulses, we keep holding long positions. First Target at touch of upper channel, Remember we in major wave 5. Long Term Buy!
Fundamental - hawkish comment on rate hike (eventually USD will keep going strong) Technically - It about to hit previous Swing High of 1.20XX Action - do not short YET !!!! just YET wait for rejection at 1.20XX
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