The price has gracefully descended from 1.27700 to 1.25200, and retraced to the 0.5 Fib level, thereby presenting a potential profit avenue. Here's the plan: SELL GBPUSD Consider entering the trade with caution as the stop loss should be strategically placed above 1.26750. The take profit level is set at 1.24650, aiming to capture gains during this downward movement.
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...
GBP/USD continues to fluctuate above 1.2600 on Friday as the US Dollar finds it difficult to stay resilient against its major rivals. The data from the US showed that the monthly CPI increase for December got revised lower to 0.2% from 0.3%.
FX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm...
Opportunity for Short scalp trade with a success rate of over 85% The price is likely to hit TP 1 with a 85% chance, You can manage your position Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
FX:GBPUSD The weekly, daily and 4h are overall bearish, with price having retraced to the Daily key resistance area in confluence with the 50% Fibonacci retracement level. entry is based on the 1h bearish engulfing candlestick at daily resistance and also a break of bullish countertrend, retest and bearish engulfing candlestick structure on the 15 min and 30 min...
GBP/USD Alert: Next Week's Inflation Forecast The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch. On February 14, U.S. inflation rate data is set to be released. Despite the diminishing market expectations for a Fed rate cut in March, if...
GBPUSD will retest support 1.253 and the begin its journey to the moon and we will be there. Go long with us on GBPUSD at 1.253 and we will hold the trade for a good 3 MONTHS. 1st targets will be at 1.31, 2nd targets at 1.45.
GBP USD is falling from a supply level, a short sell has been executed now we wait for market probabilities
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Most emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies. A basket of...
My Trading plan: I will short GU around 1.26235 I will trail it to 1.24400 (2nd Target) but will load off some around target 1. Stop loss is around 1.26684. Reasons for shorting: 1. Retracement 2. Strong Resistance 3. Bearish trend Disclaimer: I am just sharing my trading idea. Also do your own analysis before taking any trade. Trading is very risky.
GBPUSD still on weekly supply zone then creates a potential supply zone nested in weekly supply area. i expect price to further fall to the downside into 1.25616 - 1.25023 demand zone.
GBPUSD shows a bearish momentum on daily TF based on: Dow Consecutive two LHs and LLs Daily Divergence Printed high volume bearish candle yesterday that broke previous resistance and confirms price action in bearish momentum ** Trade Plan** Placed Sell Stop instead CMP as possible chance- -price might retraced to previous resistance Placed TP between...
GBP/USD H4 Triangle Breakout Hints at Downside: Potential Sell Opportunity Emerges The GBP/USD pair on the H4 chart exhibits a bearish signal suggestive of a potential decline in the coming hours. A recent downward breakout from a symmetrical triangle pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been...
Hello Traders! This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry. 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...
GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest. Nonfarm Payrolls (NFP) in the US increased by 353,000 in...
FX:GBPUSD Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd. GBPUSD dropped heavily since yesterday and we expect price to continue...