This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before...
OANDA:GBPUSD GBP/USD is advancing toward 1.2700 in the European trading hours on Tuesday. The pair benefits from a fresh leg lower in the US Dollar even as traders stay cautious and refrain from placing fresh bets ahead of Wednesday's US CPI data.
If you're interested to trade Gbpusd look for buy opportunities. Set a buy limit at 1.24800
H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
HELLO TRADERS As I can see GBPUSD now tested a strong resistance zone as we can see DXY is now above the Daily Support level and holding the Support after NFP outcome I am expected a retrace till design levels if this week Stronger CPI & US Inflation comes out Friends its just a trade idea share Ur thoughts with us it help many other traders Stay Tuned for more updates
HELLO FRIENDS As i can see GBPUSD has created a fake breakout on trend line and now trading in the down trend we are expecting more drop in GBPUSD till design these levels as we can see out last week perdition which we had attached chart in comments for sell on the base of resistance had done a great job and hit all targets its just trade idea share ur thoughts...
I anticipate price heading towards the demand area first. So, early in the week, there might be a potential buying opportunity around the 1.27000 region, where the 9-hour demand is located. However, I'll exercise caution due to the presence of an Asian low, ensuring I don't enter too early. Ideally, I'd prefer to see the Asian low swept and the 3-hour demand...
gbpusd money candle (IFC Institutional Funding Candle). Demand zone for long 1.2635-30. stop loss: 1.2590, target: 1.2740.
HELLO TRADERS! GBPUSD is trading in down trend and fail to break the trendline if it rejects from this resistance zone which is trying to break from last week but failed then it can drop directly from this level and can test Horzontail Support zone so let's see how markets move it's just a trade idea share ur thoughts with us & Stay Tuned for more updates.
This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold. At...
GBP/USD advanced toward 1.2600 and turned positive on the day in the American session on Thursday. The renewed US Dollar weakness after weaker-than-expected January Retail Sales data helps the pair gather bullish momentum.
My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move. Although...
This week, I'm watching GU closely for a potential uptrend starting from the 11-hour demand zone below. If price reacts as expected, it could fill the gaps left after Friday's NFP. Another possibility is an upward move from the current 3-hour demand area towards a newly identified 10-hour supply zone. While navigating this situation, I exercise caution,...
This week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most...
HELLO TRADERS GBPUSD is showing us rejection here on 4H TF as it had created a double top so we are expecting a drop till design levels after retesting and rejection this zone again our Risk Reward Ratio is fantastic on this trade let's see what markets bring to us it's just a trade idea on base of technical analysis share Ur thoughts with us on this pair in...
This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to...
GBPUSD gave us more upward price action to finish last week and thus far has failed to break the neckline. The Weekly chart shows two wicks over the 200EMA, but not a clean break. Should we short here? How do we trade this? 🤔 We do not yet have the justification to short for several reasons. Most important, we're lacking a confirmation bar below the 200EMA. We...
This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly...