Traders,
In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100.
Adding depth to our analysis, let's delve into the fundamental...
On GBP/USD, it's nice to see a strong sell-off from the price of 1.25100. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the...
Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted.
We will only trade in the direction of the trend if the trend has not been...
After a bullish movement of GBP-USD forex pair, there is a presence of overbought of this currency pair observed as a presence of bearish divergence. Therefore, it appears that this currency pair will move in bearish direction. For this, a short trade setup is designed to grab the trade oppurtunity for this forex currency pair. Time hour is set as one hour.
GBP USD PRICE - in the chart price fall from resistance zone after that price created a up trend line price got break out of up trend line, nd created a falling wedge pattern now price will be back to resistance zone to fill the liquidity area, make a long entry as shown in the picture
GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound.
Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...
In the bigger picture, price actions from 1.3141 medium term top are seen as a corrective pattern to up trend from 1.0351 (2022 low). Fall from 1.2882 is seen as the third leg. Deeper decline would be seen to 1.2034 support and possibly below. But strong support should emerge from 61.8% retracement of 1.0361 to 1.2453 at 1.1411 to complete the correction
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
Hello,Traders!
GBP-USD is going down
To retest the horizontal support
Of 1.2395 and after the
Retest I will be expecting a
Local move up
Buy!
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Following today's mixed bag of employment and wages data, tomorrow’s attention is directed to the March UK CPI inflation release, scheduled to air at 7:00 am GMT+1.
Estimates Suggest Further Disinflation
Both headline and core (excludes food, energy, tobacco and alcohol) measures have surprised to the downside in the previous two releases and are expected to...
GBPUSD
Daily Timeframe
has broken out do the downside or bearish,
*Few things to keep in mind i want to see BEAR continuation
*can we continue Bearish and break the lows
*want to see price trade below
1.24900 and 1.25400
If we can do so we could potentially see more downside
* first target i would like to see price reach is 1.23900
BEARS be carefull...
At present, the GBPUSD has triggered discount sell stops on the m15 timeframe and reached the m15 bullish order block. I anticipate a bullish pull towards the m15 buy stops and a movement towards the h1 bearish order block to fill the current liquidity void.
Kind Regards,
The_Architect
In the European trading session on Monday, the GBP/USD currency pair experienced a strong surge, pushing the price towards the 1.2500 level. This indicates that the US dollar has depreciated against the British pound.
On the 4-hour chart, the Relative Strength Index (RSI) has crossed above the 30 threshold, indicating that the GBP/USD is undergoing a corrective...
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD , offering insights into the weekly bias , critical areas to monitor, and a long-term perspective.
Stay tuned for ongoing updates throughout the week.
Kind Regards,
The_Architect
Dear Robbers,
This is our Day Trade master plan to Heist Bullish side of GBPUSD Bank. My dear Robbers U can enter at the any point above my entered area, Enter at the pullback SET buy limit order to start heist then we can easily loot wiithout major loss. Our target is Red Zone that is High risk Dangerous area. Be safe and Be rich. Loot and escape near the target 🎯
