I'm expecting a continuation to the downside due to general GBP weakness. BOA held rates at 4.1%, so did BoE 5.25%, however it looks like the UK is more likely to have a deeper recession. I think the pound is generally over expended so seeing further correction. We've retraced 38% of the Fib and looking like a doji forming on the 8hr, if it does I'm looking to short.
#GBPCHF UPDATE Hi team we are here to update our analysis about GBPCHF. GBPCHF was making a bullish wedge in monthly chart. If it breaks on bullish side with momentum, we can see an impulsive bullish move with very well risk reward ratio. if can gives us up to 4000+ pips. ✍ Remember it is for long term trade.
Still on the downside for shorts...watching on the h1. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift...
A reversal in GBPNZD is expected as a Butterfly Harmonic pattern is expected to play out at a resistance Level.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86500 support and resistance area. Trade safe, Joe.
GBP/USD Remains on the Defensive as USD Surges to Year-to-Date High The GBP/USD pair finds itself in a defensive posture, hovering near multi-month lows reached earlier this week. A confluence of factors has propelled the US Dollar (USD) to fresh year-to-date highs and exerted downward pressure on the British Pound (GBP). The situation appears poised for further...
After price broke structure to the downside, it retraced and formed liquidity below a supply zone that was left behind during the expansion. Price could now use this supply and liquidity to fuel its move down to take out the weak low.
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.
GJ has been in this intraday range and we have now seen a breakout and retest we can aim for some sell trade
GBP/USD Weekly Analysis: Dollar Pause and UK Economic Updates The GBP/USD pair recently experienced a rebound after reaching its lowest level since March, around the 1.2100 area. This upward movement was a result of the US Dollar taking a breather after a prolonged rally, which, in turn, was facilitated by a retreat in US yields and an overall improvement in...
EURGBP is consolidating inside a wide Resistance (1) - Support (1) range since May. Last week, the MA200 (1d) even came into play as a Resistance, rejecting the August bullish leg from breaking over on 4 straight candles. It did however cross over the Falling Resistance of 2023. Trading Plan: 1. Sell as long as the (1d) candles close under the MA200 (1d). 2. Buy...
GBPCHF is stuck in a range on the 4h timeframe and is struggling to break out of it. Even if GBP fundamentals have been weak those days, there is no need to try to short it for a trend following as price simply does not have momentum. Short term target...
Hello There! Welcome to my new analysis of GBPEUR. Since GBPEUR formed the major top last month August 2023 it heavily emerged with bearish momentum towards the bearish direction and has not yet recovered since this battered price-action inclinement. Now a big consideration is if GBPEUR finally develops a crucial continuation formation and if the bearish...
Hello There! Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008 this is already indicating a high bearish sentiment dynamic that...
Hello There! Welcome to my new analysis of CHFGBP. Within recent times CHFGBP continued with forming a highly important formation in the whole formational structure as it managed to build up bullishly within the major areas of the structure. In this case, I have detected the most prevalent important signs and considerations to determine for CHFGBP and the...
Hello There! Welcome to my new analysis of GBPUSD. The GBPUSD developments recently have shown crucial bearish inclinations that should not be underestimated especially as the bearish volume increased there is a severe bearish momentum within the pair. Besides that, the Pound Currency Index is forming similar bearish downside pressure especially as the selling...
Hey there traders, After last week market shows us nice pattern of selling pressure. Let's see ##Daily Market broke the strong support zone... and made retest and shows us a nice rejection candle at the previous support zone. Bias = Down ##Hourly Market shows us a nice support zone.... trying to break that zone several times.....but did not In...
Hello traders, If you are shorting keep it open to the rectangle! If not! Any correction is a selling opportunity. Levels calculated order_block, regarding support and resistances, channel and pivot points.