GU at a supply zone, if the trendline is broken i am expecting a rise to level 1.26850 or the high 1.26670
Greetings, Traders, We present to you an analysis of the GBPUSD 4-hour chart. Our observations indicate a recent bullish movement, as we successfully surpassed the previous high at 1.2680. However, it is worth noting that despite encountering resistance at the breaker block, we have not yet surpassed the current high at 1.2850. As a result, there is a likelihood...
These are just my ideas, what I’m expecting, and why, with this week’s the big fundamentals. Overview Big market-moving news this week with Wednesday’s UK CPI, Thursday’s BoE Interest Rate Decision and Forecast, there is also FED Powell’s testimony in between the UK events on Wednesday. Several things could play out with the UK news, which is what my scenarios...
Hello. taking a careful look at GU, I hope it finnally completes what is missing. looking at it from this angle, it deserves a clear Uptrend move to break 1.25. week has been very slow. hope we finally make it.
Trying to incorporate Fib. today, watching close for a break to target some short trades.
Thia pair has shown more posible downtrend . though looking neutral as we move to lower time frames. I too look for short terms gains from the buys.
GU shows very promising signs of long opportunity before falling apart from the supply zone.
Looking to see weakness in GU, We are at the OB, it can still put another high in inside the OB, or begin to reject off it.
Here is my Top Down Analysis of GU Date: 23-05-2023. Will be looking for a structure break and setup before entry but looking to favour the buy side for me where all the sell side liquidity is resting above but time will tell. We could equally role over.
For starters if you took my last GU trade nows a good time to close its up 440+ points and its not moving exactly how I want it to its up to yall Im just trying to secure your bag as it is at a 1:1 R:R. Now for this next trade 1. Bullish long term 2. Equal lows 3. Imbalance 4. Market structure 5. 2+3+4 Align to make confluence 6. Confluence lines up with...
I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now. I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and...
Confluences: 1 HR cross above 10 EMA 15 MIN 10 EMA crossed 50 EMA to upside Bullish reaction @1.2450 support level Happy Trading 😁📈
You can see that a breakout Trendline of it So, I think you can wait a retest and confirmation when price touch trend again. -Trend break + Retest - Signal : Price Action in smal time frame (m15-h1)
GU has met all requirements for a reversal setup after breaking downtrend line and failing to break new low. Lets see if we can generate at least 2R from this setup
More Confluences at 1.2620 than you can shake a stick at. Stop goes below impulse with limit order, or wait for Bullish Engulfing or Doji from that level for a super tight Stop.
ideal structure to buy. SMC 15 min GU if you will see structure like this, just do it!
The GBP/USD currency pair has recently seen bullish pressure take control, with bears unable to invalidate the crucial demand/support zone at 1.23823. Over the past two weeks, the 1.25044 supply/resistance level has successfully held, prompting the question: what's next for the GBP/USD pair? To answer this, we'll analyze the daily, 4-hour, and 1-hour candlestick...
Price has been in a correction on the H4 timeframe since last Friday. Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction. I would be watching to sell with...