GBPUSD FX:GBPUSD - Mar. 12th, 2024 BUY/LONG ZONE: 1.27970 - 1.29425 DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970) SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550) Weekly: Bullish Daily: Bullish 4H: Bearish 1H: Bearish Previous bullish target is shown and for the visual I did extend it on the...
We expect further downside on this pair, signalled by the ascending channel pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
Today we saw a big impulse down from the daily BPR coming to tomorrow I would be looking to sell GU around the 1h OB if we got the retracement tonight into it
Could reverse any day this week. MRN for the pound tomorrow. Would be good to see what it does. Structure break M15 has yet to happen but intermediate LTF structure has. In the HTF's GU still very bullish. This is a short term sell setup If price goes beyond and stays above 1.2850, this setup becomes invalid.
Confluences: 1. 4HR H&S Pattern forming 2. Rejection of 1.23 on daily 3. Rejection @ resistance level
- Rejection of the 1.22 pysch level on the HR chart - Price fell below the 10EMA on the HR chart - USD is strong in comparison to the GBP - Overall downtrend
Selling GBPUSD in Sell Area & looking to target TP Area (+40PIPS) SELL CRITERIA: - Strictly looking to enter on signs of exhaustion, reversal pattern *** Using strict volume based strategy - Sell entry not valid on strong bullish breakthrough Trade Safe
Using GU market structure on Timeframe it is cleary that bullish patern so i aiming for the next Hl it risky because we dont know if that is HH already or no
Thanks for all the support from everyone if you noticed our chart changed but still following our previous set ups this will be the first official mark up for the year 2023 and now we will publish more ideas The new idea is based of the imbalance made earlier and we are in for another short Follow for more
Still tailing my GBPUSD trade idea we had some slight change in the set up but during the week market made some really nice moves New short entry is based of an order block and an imbalance and also to make it lovely a resistance/ supply zone
Hi Traders, Price tested the bottom trend line of the channel multiple times. Expecting Price to break down reaching the 1.19600 area. Target price: 1.19600 A break and retest entry on the break of that channel might be a good one. Thank you. Trade safe!
GU looks to have made a skew double top on the daily time frame on a resistance zone, and on the EMA resistance, I still think that we will sell this pair as I said yesterday. They came to look for stop losses, but painted a better picture by doing so, confirming a strong resistance 1.13272. I am in a sell from 1.11972 from last night. So will see how the rest of...
GBPUSD had nice bull rally from 1.3565 to 1.14952 with perfectly creating HH and HLs which later flipped into bearish at 1.14952. It failed to break above HH but later breaks below HL, also it broke below the Rising wedge pattern which is considered as a bearish chart pattern that points to a reversal after a bull trend. Target of Rising wedge pattern are usually...
On the M1 & W1, we see that price just broke a key level to the downside. This tells us that we are in a down trend and will expect to take sells from lower timeframe. On the D1, we see a double bottom that initiated a brief uptrend. This aligns with the intervention of the BoE in the bond market that strengthened the cable. But the cable is still bearish so i am...
Use appropriate risk management. Last few posts have been incredibly successful so I'm using lower risk on this one. My strategy is a confidential, but those that trade my posts don't get carried away with my extreme accuracy and how I usually have little to no drawdown - USE SLS! This is a mid to potentially long term trade. The target is lower than GU has...
Using only 1% Risk on this one. Strong risk to reward ratio as usual. Not the end of the world if this doesn't go to plan. Only 0.5% - 1% risk being used. Risking ~24 pips to make ~124 pips. R:R ~ 1:5
GU is in a downtrend and has formed resistance around the 1.1825 level which is also around the 23.6% Daily fib level. Going short to 1.1760 near the daily support
Expecting GBPUSD to fall today as there is imbalance downwards. RR of this trade is 4.6. Enter at your own discretion. P.S.: Telegram channel to come soon.