GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection,...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Wait for a retest, it has already retested the price level in small time frame. but you can wait for a retest in 15M timeframe for a confirm entry. Just take a long entry and enjoy your profits.
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.22285
TP: 1.23210
SL: 1.21673
Bias: Long
GBP/USD is the forex ticker that shows the worth of the English Pound against the US Dollar. It lets merchants know the number of US Dollars that are expected to purchase an English Pound. The Pound-Dollar is one of the most seasoned and most broadly exchanged money matches on...
over all moving in descending broadening wedge in daily tf
bad thing for gbpusd is that gbp has broke counter trendline witch is not good for gbp currently retesting trendline incase of successful retest expecting minimum300 to 400 pips bearish move
for reversing long downtrend gbpusd needs to break descending broadening wedge incase of breakout expecting 5 to...
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.22622
TP: 1.19577
SL: 1.24736
Bias: Short
For this instrument our major bias is short. We think the price level of this instrument will drop dramatically creating a good shorting opportunity.
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.30213
TP: 1.28489
SL: 1.31363
Bias: Short
For GBPUSD we are expecting a bearish move and our goal is to go short. Current price pattern and the volatility structure shows a bearish outlook.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Despite the GBP showing signs of weakness during last week trading session as it keeps rejecting the $1.4000 level and dipped as low as $1.3880; I continue to root for Bullish expectations for the Pound across her major pairs in the coming week(s).
Even as the Greenback was in the driving seat in the markets on Friday - a result of higher US bond yields, I...
Price Seems to have completed the much anticipated Expanded Triangle formation. True Sellers may pick it up from this level now for LONG TERM SELL once USD gains strengths.
On 4 hour chart; #GBPUSD tested a strong resistance line, curve T3 is about to turn negative.. It is likely that price will go down.. I expect a structure as I mentioned in chart..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
