Into support on higher timeframe. Target is a moving average so will be adjusted over time. 1:1 RR
With over 180 pips profit (3 positions) since the last publication of this pair (see link below for reference purposes); An ambiguous scenario we have here as participants appear to have fallen into an indecision phase right under the 1.259 area (which is serving as our key level at this juncture in the market) - forming a pennant (trend continuation) structure....
Into higher timeframe resistance. Target is a moving average so will be tracked up over time. 1:1 RR
- It is not possible to find any important ECONOMIC INDICATOR for GBP in ECONOMIC CALENDAR today. 3 important DATA for USD to be released today in the NEWYORK SESSION. CORE DURABLE GOODS ORDER REPORTS, DURABLE GOODS ODER REPORTS, CONSUMER CONFIDENCE REPORTS will be released. - DXY is currently at 101.91 LEVEL. Above the DXY 100 is a very good STRONG...
Price action is presently oscillating within a strong demand zone. Despite been in a strong downtrend situation, I am having a feeling buyers might push price further up in the next couple of hours... However, if price breaks down this 1.3 zone then we can be looking for a confirmation to sell Risk Disclaimer: Margin trading in the foreign exchange market...
With a strong key level at 1.306, we shall be looking out for a breakdown of this key level for bearish signals. In this regard, I shall keep you posted as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The...
GBPUSD failed to break above the 1D MA50 (blue trend-line) and the 0.5 Fibonacci retracement level last week and as a result the market lost confidence and resumed the long-term bearish trend. That has been within a Bearish Megaphone pattern since July 2021. The selling fractal since February 17 resembles the sequence of late October - early December 2021. The...
TREASURY SEC YELLEN is set to make a SPEECH for USD today. Also, today is the most important day for the FOMC MEETING. It is a very HIGH VOLATILE EVENT and we look forward to the decisions that are made there. Today is not an important day for GBP. But CONSTRUCTION PMI DATA is due to be released today for GBP. It's the LOW IMPACT NEWS. But there is some...
Positions closed at break-even and the structure still appears to support bullish momentum. Pending order placed as we look forward to bullish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including...
In the last couple of hours, we witnessed a retracement into the neckline of the inverse head and shoulder pattern identified on the 4H time frame and this appears to be a confirmation for bullish momentum if the price does not break below the bullish trend line. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
GBPUSD positions appear to be doing well at the moment as we currently experience over 70pips moving in our direction. But it's not yet a tangible reason to be excited as the current structure needs confirmation in the form of a retest/rejection of neckline @ 1.32 to the upside to seal the uptrend continuation. See my previous video on this for further details...
This is a follow-up detail of the video I published on this pair during the weekend (see link below for reference purposes). It appears as though the price is about to break out of the neckline at $1.32 which shall be our confirmation for bullish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
A reversal pattern was identified on the 4H time frame as the pound appears to have bounced up to erase previous losses in recent time. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Inverse Head and Shoulder) NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch...
The GBPUSD pair is flashing a strong buy signal today, as it is rising on the 2nd straight green 1D candle following a Double Bottom on the 1D RSI. Monday's low happens to be exactly on the Lower Lows trend-line (based on the recent December 08 Low) of the Channel Down that started in mid 2021. As a result, if the price closes above the 1W MA200 (red trend-line),...
after the full TF analysis, our team decided to buy ** NOTE ** if the price breaks the downtrend we will look for buying opportunities but till now we are still in bearish momentum so, keep ur eyes on smaller TF for a momentum shift ************ like and follow for more ************
GBP-USD is falling in a downtrend But a strong horizontal support level is present in it 1.3220 and the formation of the bullish harmonic pattern Although the risks we might expect Bullish correction with retest The resistance level above is at 1.3415
This is an update to my early February two month trading plan: GDPUSD has hit eventually our 1.3200 downside target after being rejected on more time just below the Lower Highs trend-line of July 30 2021. As you see, this trend-line is what's causing the long-term bearish trend on the pair, which can be alternatively viewed as a Channel Down, which only...
Hello my friends you can open sell posititon in flip zone weekly: down trend daily:down trend 4h:down trend this analysis for long time good luck