I will enter with a short under the enter area , first we need to wait for a breakout of the support line
I can see a clear bullish market structure in higher timeframe. Price is in Daily Demand right now. If price gets rejected and moves in another direction, we can see a posible bullish scenario.
GBP/USD remains on the defensive near 1.2530 even as it renews the intraday high ahead of the all-important UK Gross Domestic Product (GDP) data early Friday. Not only positioning ahead of the data, but optimistic market expectations and fears of a positive surprise also allowed the Pound to ease its recent losses. GBP/USD trades near the lower limit of the...
Bullish trend CHOCH on 1H timeframe reaction on demand Volume increased as price goes up order block below liquidity pool Resistance taken as taken profit
The GBPUSD currency pair has been showing increased volatility recently, thanks in part to the saga around SVB and Credit Suisse. As of Wednesday 22nd and Thursday 23rd March 2023, price action saw resistance around the 1.23000-1.23500 level, with Friday 24th March confirming it. It's interesting to note that this level held price from Tuesday 24th January until...
Hello there, I don't have much discussions on this pair. It's in bullish continuation as you already know. A small bullish pin bar has formed near the trendline in the H1 timeframe, signaling the bullish continuation. Entry: buy stop: 2289 TP1: 2324; TP2: 2396 Stop Lose: 1.2260
GBPUSD is currently testing support around 1.231, once the support is confirmed to be valid, it will rise to around 1.240. So today we will focus on the support around 1.231. When the support is confirmed to be valid, we can go long, and the target is around 1.240-1.244. I released the trading strategies of EURUSD and GBPUSD today, and I will continue to...
GBPJPY long to 164.000 not the best price action on daily timeframe i am not long yet .. only overall bias need more confirmation for entry
buy gbpusd bullish mode on should buy at with sl striclty follow tp/sl
Today GBP/USD continued Friday's rally and hit its highest level in 5 weeks at 1.2250.As investors reassess the possibility of the US Federal Reserve keeping policy interest rates unchanged at its upcoming meeting, the broad weakness of the US dollar helps GBP/USD maintain its advantage. Risk sentiment dominated the market in early Asian trading hours as the...
On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by...
The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another...
For the past couple of days, GBPUSD has been ranging with some wide swings . Anytime price consolidates, we refer back to the Wyckoff's Theory to understand what's happening and where price is likely to head next. After the 3rd hit to support level, the pound finally dropped . We know the purpose of this drop and what happens next. However, the pound has now...
Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound. Therefore, the current trading strategy is to...
I expect the price to move to 1.33 after the bottom formation is completed around here.
when you hit 3 trades in a row, it feel like jesse livemore !! seriously tho middle long trade was based on DiXY strength hence Yen weakness, the last was based on DiXY overbought breather & more imp Sunak’s monday meeting for Ni protocol reforms. worked better than i expected in target & time range. boom boom. expecting it to top around 166.40/70 for consolidation.
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
this is 1h imbalance. we have a lot of order in these 2 zones. it may not touch target. but its certainly not fail in first touch , you just need to manage this pos.