Price took out buyside during NFP, wait for a reaction at the breaker. Watch DXY for confluence. Be careful with CPI this week. We could see a reaction inside the 4hr FVG to take price higher.
Inflation & Interest Rate According to the Personal Consumption Expenditure (PCE) metric, inflation declined from 2.9% in October to 2.6% in November. Forecasts suggest a projected 2.4% inflation rate in 2024, attributed to a more stringent monetary policy and decreased international commodity prices. Notably, 17 out of 19 Federal Reserve officials anticipate a...
GBPUSD is in a big uptrend and has only now seen some big bearish moves at the start of the year. ----- GBPUSD hasn't really made a new low and is still holding the 1.26100 level pretty hard. ----- If we see big bullish moves in the upcoming week. I will be looking for a break of the resistance level and then a retest of the resistance zone and new highs being...
Waiting for the pull back or the breakout in order to look for buys
GBPUSD Next Buy opportunity 1.2500 - 1.2530 GBPUSD BUY LIMIT 1.25211 TAKE PROFIT 01 : 1.26074 TAKE PROFIT 02 : 1.27029 TAKE PROFIT 03 : 1.27995 STOP LOSS 1.24409 When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven. Key level 4H Support price - 1.25012 4H Pressure price - 1.28277
Hello Traders! As you can see, GBPUSD reacted from FVG, and now I expect an increase until the price of 1.28100. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Hello traders and the Tradingview community, our GBPUSD buy from yesterday at 1.2620 hit over 100 pips profit today. Although price has pulled back a little, it is likely that the uptrend may continue. The circular region highlighted in my chart is the key, as long as price continues to stay above this level, there's a chance that GBP/USD may reach 1.29. My...
Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own...
Morgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields. The bank's dollar spot index fell...
On the higher time frame, the overall structure is Bullish, narrowing down to lower time frame, we can see our price was trading in an ascending channel and moved out down to it basement. To a support level that was respected. Currently price has moved impulsive and it's in a correction phase in form of a tight flag pattern (an opportunity for a long trade)....
Hello, according to my analysis of the GBPUSD pair, the market appears to be in a negative state. With the pair breaking the pitchfork tool, it also broke the 1.26500 level, which is considered strong support. Which indicates further decline in the coming days. good luck for everbody
GBPUSD did not fluctuate much in the past session, the price is still having difficulty creating a higher peak to confirm the continuation of the rising price channel, the double top reversal pattern is also starting to form, it will be Confirmed when the support level 1.26 is broken, then you need to abandon the strategy of buying up according to the current...
GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will...
Here GBPUSD made some rebound close at psychological level of 1.2600 and moving upward again so going for long is needed and target profits at level of 1.2700.
The GBPUSD has been forming an upward structure with higher highs after breaking above a key downtrend line in early November. Although the GBPUSD's uptrend came to a temporary halt at the four-month high level of 1.2826, the completion of the golden cross between the 50- and 200-day SMAs is expected to provide upside momentum. However, during the European session...
GBP has given a break of structure (BOS) in an upward direction, so, we will look for buys. here is my view on gbpusd. Happy Trading
Gbpusd still is a bullish price action, and we should keep anticipating buying the asset.
Here gbpusd is making a rebound after touching a psychological level of of 1.2700 and heading up so going for long is needed and targeted profit should be at level of 1.2800