The GBPUSD pair is currently exhibiting trading behavior within the range of 1.25300-1.27500, a pattern that aligns with the principles of the Wyckoff theory, a framework used to analyze market trends and anticipate future price movements. This current phase appears to reflect a redistribution phase within the Wyckoff model, characterized by a period of...
Hey Traders!
I'm currently eyeing GBPUSD as a solid buy opportunity. Here's why: we're seeing a clear uptrend, and importantly, it's just broken through a key monthly pivot point. What's more convincing is the formation of a 4-hour bullish engulfing candlestick pattern. Also, the 1-hour chart shows a double bottom that's successfully broken its neckline. After a...
We might see a strong buy side liquidity on USD/ZMW, W formation formed on Monthly Time Frame after price hit our MTG at k15 which is likely to head back to k22.50 Zone, it has also broken another liquidity zone (OB) at k19.28 meaning that we still have a strong bullish run, Price might be heading back to fill the VOID from the heavy sell liquidity we had from...
R1 entry.
Entry order let's the market take me in instead of forcing an entry.
Target is 2% or bust. Hold until trade hits 2% or hold until full 1% loss. I would argue that putting your SL at BE once price hits 1% is a good risk management method but it can build bad habits. this trade for example would be close at BE already.
NOVA hello everyone, Let's comment on GBP/USD price next week from August 21 to August 25, 23
World situation:
After experiencing a decline below the 1.2700 mark due to underwhelming UK Retail Sales data, GBP/USD managed to bounce back and reach the 1.2750 region. With no significant economic releases on the horizon, the US Dollar is stabilizing its gains for the...
Hey Everyone!
I believe this pair has the potential to go down for the following reasons:
- NFP came out positive for the US Dollar
- Strong resistance zone 1.26500
- Psychological level at 1.2600
- Resistance meets the 100 moving average on the weekly
I believe currently it would be wise to wait for that re-test of resistance before entering since the...
USD / GBP take advantage of the recent pull back for a short trade into us jobs report. this is inline with my long USD theme since mid feb, find posts under username SEMISHAH
A short too early is as good as being wrong.
Analysis of DXY on shorter time frames can help you time your shorts to perfection in this environment of Inflation.
Our trend is upward, so we expect correction and then growth
Considering the important area and the important level of Fibonacci, it can be said that the growth starts from that area
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📅 02.20.2023
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all you need to know is in chart
good lock
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British Pound/U.S.Dollar completed the double zigzag correction on PRZ(Price Reversal Zone).
I expect the British Pound/U.S.Dollar will continue this downward trend.
🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 15min⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea,...
British Pound/U.S.Dollar was able to make a double top pattern on the resistance zone.
Also, the British Pound/U.S.Dollar broke the important uptrend line.
I expect British Pound/U.S.Dollar will go down to PRZ(Price Reversal Zone).
🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 30min⏰.
Do not forget to put Stop loss for your positions (For every position you...
DXY D1 - Two extremely bearish days to end the week last week for the dollar, inflation figures coming in lower than expected has really highlighted the possible pivot for the FED, inflation and interest rate woes. Simply looking for this bear run to expire, from here, we can then look for some healthy corrections, before then trading amongst new and fresh trading...
