Clear Inverse head and shoulders for GBPUSD. If british pound reverses then it can hit 1.7.
In my opinion, just look for buying positions in the British pound this week.
exited my trade when this candle appeared on H1. My indicator for a bullish exhaustion or also known as 'shooting star' RSI has also formed a bearish divergence on H1 indicating a lost of momentum to the upside. Looking at the structure, price has also formed a double top - bearish price structure Overall, this was a pretty solid trade that we took...
Taking this long position as the previous price made a doji on H1 TF indicating an indecision. Bearish exhaustion. Also, we can see a hidden divergence using the RSI indicating a bullish rally. Trade at your own risk. 2.49RR PATIENCE IS KEY HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY...
Traders, GBPUSD can rise as an FCP M pattern has been completed. However this may not be able to push the price too high as the DXY is still rising and strong. So if you are looking for a smaller bounce then look for a confirmation on this GBPUSD pair and take the entry. On the chart there are 2 arrows which point at the approximate profit targets. Take one step...
Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short set-up at 1.21000 Confluences: - Bearish market structure with LLs and LHs being printed - Last week's break of strong support level of 1.21000 with closure below support indicating continuation of selling momentum - previous 4H candle closure indicates = rejection of 1.21000 key level for further downside mvnt, a retest of the support-turned-resistance...
Eyeing this Sell to fill the complete downside target Entry:1.2110 SL:1.2720 TP: after 3% (1.1920) TP2: 1.1877 Please like and comment what you think!
GBP/USD update The cable (GBP/USD) rose to 1.226, smashing the 50-day moving average for the first time since early February 2022, as speculators increased their expectations for a 50 basis point BoE rate hike this week, which would be the largest interest rate increase in 27 years, pushing borrowing costs to 1.75%, the highest level since 2009. With UK...
Swing trade: GBPUSD was down trending for several weeks, after Boris Johnson left office, pound gained some strength but it was very short term move, now FED is expected to hike interest rates 75bps at least.
(1) Bearish trend for a long period of time. (2) Expected to rebound at the area given (refer chart). And continue slightly to drop. (3) DXY projected on rallies inline with interest hikes until the inflation rate 'enough' for cooling down U.S economy.
Looking at long term trends for GBP-USD we are coming to a level that is almost underheard of in forex GBP being low to the dollar. Right now looking at the weekly unless something happens we see a continuation to 1.165xx range from there it could be anyone's game. We expect a lot of volatility around this number and range In fact if you draw a box from the top...
Next Wednesday we will get UK's GDP data, it is expected to be negative as recession fear soars. Boris Johnson will likely continue to serve till October which not bullish for Sterling. A good entry point for a sell position would be 1.218 for a TP of 1.19
chart says it. above L3 look for move to H3. below L4 look for drop to L5.
As price is in a downward trend, lets just wait for the price for a little pull back before making a big move downwards. simple enjoy the trend
As pound is in a sell trend, so we will simply follow the trend, but keep in mind it has to change its trend now. so just try to follow the trade. take some pips as told. and wait for a buy entry.