Reason Behind Bullish 1. Three black Crows formed in 4h Timeframe 2. Obey Strong Support and trendline @ 1.26050 Overall Possible Outcomes ➡️FX SIGNAL GBPUSD BUY 1.26150 SL 1.25750 TP 1.27014
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...
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...
#GBPUSD downtrend pauses with a pullback. Potential short opportunity if price rejects at resistance during this pullback. Higher timeframes remain bearish with a recent 1D market structure break. We're eyeing a short entry around 61.8%-78.6% Fibonacci zone. Remember, trading is risky. This is just my opinion, not financial advice.
We are expecting a lot of important fundamental news next week. Here is your trading plan for GBPUSD. The market is currently trading within a wide horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. If the price breaks and closes above the resistance of the range, we can anticipate a bullish...
The GBPUSD pair has been trading sideways within the very tight range formed by the 1D MA50 (blue trend-line) and the top (Lower Highs trend-line) of an emerging Channel Down pattern. In fact while the 1D MA50 has been holding since January 17, the Lower Highs have since December 28, already with 3 clear rejections on them. This technical squeeze will naturally...
Like EurUsd, also GbpUsd failed to break above resistance and reversed. Yesterday's drop cleared the ascending trend-line and now the pair is exactly in support. A break under looks imminent and continuation to 1.25 is the most probable scenario. In extension, swing traders could look at 1.2350 support as the target. Sell rallies, ideally around 1.2650-1.2670...
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...
HELLO TRADERS As i can see GBPUSD is showing us rejection from the sell zone level and DXY is holding on 15 min support zone so we are planing for these given tp this just an trade idea share ur thoughts with us it will help alote trader community Stay tuned for more updates
In early October, FX:GBPUSD bottomed out in the 1.2 zone and entered a consolidation phase that persisted throughout the month. November marked a positive shift as the pair embarked on a robust uptrend, driving it approximately 800 pips higher. Come December, the pair transitioned into another consolidation phase, establishing a clear support base at 1.26 and a...
GBP/USD: Forecasting the Week Ahead Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar. Given recent developments, traders shouldn't be surprised if central bank communication takes a more hawkish stance, signaling...
Even though GBPUSD is trading in a bullish trend since October, the pair is in a deep consolidation, the last 3 weeks. The pair is currently stuck within a horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 1.283, we can anticipate a movement...
I am buying gbpusd, dear traders. I see a nice convergence of an intraday demand and supper trend indicator. I will expect a bullish movement to 1.268. Your safe stop loss will lie below 1.26 Happy New Year!
Despite the recent retracement, the Pound remains poised for an uptrend continuation. The GBPUSD closed last week's trading session at the 1.25000 handle, holding steady after a stronger-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) a final boost to end the week. Looking ahead to the coming week, there is a flurry of central bank activity, with...
Do not take these trades without getting any rejection evidence, always use proper risk management and Stop loss. Happy trading
The GBPUSD continued its upward momentum, closing the week around 1.27100, a key level for the upcoming week. The Pound's strength is fueled by expectations that the Bank of England will delay rate cuts compared to the Fed and ECB. This sentiment was further supported by a decrease in Treasury yields following Powell's comments about the balanced risks of interest...
📈 Forex Signals – GBP/USD 📌 Last week's analysis: GBPUSD had advantages not available to buyers 👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains. 📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline....
I've been bullish on GBP/USD and expected it to reach 1.26. Indeed, the target was not only reached but also surpassed with a high of 1.2720. However, after reaching the 1.27 zone, GBP/USD started to show signs of fatigue and failed twice at this level. With the rise since mid-November contained in a rising wedge pattern and a potential double top forming...