Today, the GBP/USD experienced selling pressure and dropped to a level of 1.2460 after mixed data on UK Industrial Production and GDP was released. GBPUSD is moving sideways so it is likely that after exiting the box it will decrease in price The currency pair decreased by 0.01% during the day and is currently trading at 1.2469 as of writing this article. We now...
🔸Hello traders, let's review the 16 hour chart for DXY the US dollar index today. Speculative XABCD in progress, with PRZ/D set at 106.60, so expecting more gains/ upside in September. Bullish outlook for DXY / Bearish outlook for EURUSD. 🔸XABCD structure is defined by point X at 105.60, point A at 101.10, point B at 104.30, point C at 100.00, point D/PRZ at...
⚡️ GBP appreciation is going strong, bullish cycle has rules , place sell and buy orders as soon as the price line touches the trendline . and I think GBP could rise until next Wednesday, before Claimant Count Change and CPI Change in number of claimants and published CPI ⚡️ Do you think like me? What is your opinion? can let me know in the comment section,...
Daily chart suggest a deeper correction before lower. For wave analysis, it is what we call expanded flat, where A and B waves are 3 waves follow by wave C in 5 waves. Still a long way to go before we can find out if this works. Bulls need to hold 101.65 and 100.57
FX:GBPUSD GBPUSD Fractal Curve Strategy Curve Analysis| Fractal Analysis | PriceAction | Short & long | Pivot points | 🕐 M1 Forecast GBPUSD
Be careful with this trade because of the high risk during NFP news. Short at Kijun of H4 timeframe. Take profit to the recent low.
I bring exciting news that presents a unique opportunity to leverage the recent Bank of England (BoE) rate decision in your trading strategies. The resulting divergence between BTC/GBP and GBP/USD has created a temporary relationship with immense potential for predicting appropriate moves. Let me shed light on this exciting prospect and inspire you to act. As...
On the weekly timeframe, OANDA:GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.
There are several reasons why one might believe that GBP/USD will fall after reaching a supply zone: 1. Technical analysis: A supply zone is an area on a price chart where there is a concentration of sellers, leading to an imbalance between supply and demand. When the price reaches this zone, sellers may overcome buyers, leading to a potential reversal and...
GBPUSD broke out of the resistance and it has turned the previous resistance now to support. I am anticipating a continuous upward trend to the to the target levels marked above. However, if price falls back below the support, I may look for a sell short. (GU hasn't ben my favourite to trade lately) What is your anticipation? Kindly Like, comment and share
hello Traders, Have you got plan for GU this week?? Let's have a look plan GU of PhoTrading, Bias : BUY from here, Support area to OB SELL 1.2960-13150 SL all : 1.2640 Stay safe and happy trading!
Entry Price: 1956.945 SL : 1984.00 TP: 1906.00 I tried to make a downtrend flag pattern by support resistance breakdown.
Last week, i projected that price would be rejected as it approached the resistance and it did exactly that Now i can clearly see that price is approaching the trendline support and i will wait for price to either break the trendline of reverse back before i take a trade What's your bias?
It's time to go bullish momentum had been getting weaker and weaker since last week and now it's showing reversal patterns throughout the higher timeframes as well as the small Time frame
Hi Guys, Chart Show everything's, I Try to fine long position . SecondChanceCrypto ⏰09/April/23 ⛔️(DYOR)
Between April 3rd & 4th GU pushed through a strong 4H resistance level at 1.24. - GU is currently trending higher and holding well above the 4H 200 EMA and - retracing back towards 1.24 resistance level now turned support. - 1.24 price level near the 4H 50 SMA level - a pull back to 1.24 is a 50 retracement on the current swing up. I am expecting a retest of...
So here we have price holding strong support on the hourly and 30 min tf, as well as the 15 min tf. Simply waited for price to head into my gzone on the fiboncci and entered my trade. Trend on the 4hr was bullish so lets see how we do! Please leave feedback!
Here the market has broken the trendline and moving down. Which means it has loss the up trend zone going go downtrend so the sell setup is now activate and ready to go short on 4hr timetrame setting stoploss below the support. Use good money management