Week ago, GBP become more stronger against the USD. Next week it will remain stronger than USD. Follow the chart analysis but do you own analysis also, if agree then put the trade. TRADE AT YOUW OWN RISK.
After Early Entered Sell Trades, Price For DXY Decided To Break Its Major 50% Level On Fib Towards The Downside, As Well As GBPUSD Doing The Opposite Towards The Upside
Yesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this GPUSD seems more bullish.
-On the D1 timeframe, we can see that GBPUSD has been ascending on a bullish trend since late September. Price is approaching the 1.22900 resistance zone that was tested multiple times before, although it still has some way to go. -On the H4 timeframe, price came to test the resistance turned support zone at 1.18000, where a breakthrough led its ascent to the...
The rapid price increase last Thursday following weaker than expected US inflation data began to hesitate as it approached the psychological barrier at 1.18000, which coincides with the 61.8% Fibonacci level. However, hot CPI and average earnings data released on Tuesday which together indicate tightening inflationary pressure in the UK economy finally gave prices...
Wait for the rejection of Dollar Currency Index from the Double top then look for buying opportunity on it.
Helloo...My Dragon Friends my Sell Journey already Complete, and now i see butterfly harmonic pattern, so i decide to BUY it SL 1.1750 TP 1 at 1.1920, TP2 at 1.1950 and TP3 at 1.2000 BUY now at 1.1825 Lets See Happy Trading Smart Trading Hunting Profit Watch ur MM and RM Disclaimer On
The market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this GBPUSD will go more up.
The market of GBPUSD taking support on Demand and also taking support on Trend line. I believe that the market of GBPUSD will go more up from the current price.
List of confluences: 1 Trendline Breakout 2: Inverse Head and Shoulders with potential break out neckline 3: Key Level Breakout We are wait for price to break and close above our key level. We will then wait for price to retest of our key level before looking for any entries. Risk reward for trade stands at 7.6 to 1.
gbpusd key position to place long orders after confirmation. find entry, sl and tp in TA Trade safe... |Patience and risk management is key to winning trades|
OANDA:GBPUSD Gbpusd has been gaining momentum clearing some key resistance levels. The support for gbpusd has been very strong. I'm looking at a continuation pattern on the hour 1 time frame. Major break and retest at (1.31500) ending NFP bullish.
Close of this 15M meets entry. Risking 1 for 5 here. Lower time frames are indicating this is a good support level so we will see what happens wish me luck 🙏
GBPUSD has been trading inside the given parallel channel since February 2021 . it recently reached one of the significant support zone and is now ready to get pushed to the upside . My final Target is the support zone of 1.34849 after which i expect the downward movement to continue yet again !
Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!
Hey guys, i'm bullish on this pair. I expect this pair to play out in either of the two ways shown in the chart. Incase those trendlines gets broken to the downside, my bias will change.
Long-term uptrend. Cup handle formation followed up by break of structure (BOS). Imbalance above to be filled. Awaiting for the price to test the broken level before continuing to get into a position with better RR.
GBP USD is in an uptrend channel and the next target is in the range of 1.4010 (daily pivot).