Hi Dear traders , Here on GBPUSD chart from the technical aspect of the market there could be a possible short opportunity because as its clear on the chart the price is in clear bearish trend ,It seems that the bearish journey is not finished yet as the price is completing the second leg weekly retracement .so I think it's worthy to keep eye on this pair . ...
Greetings Traders, Yesterday, our focus was on minor bullish objectives, although it's important to note the prevailing bearish sentiment in the institutional order flow. Price successfully reached these objectives, notably the daily bearish order block. Currently, we've observed a bearish market structure shift on the H1 timeframe, signaling a continuation of...
Quick update on GU, entering short here and targeting 1.20 levels
POUND STERLING ANALYSIS - Sterling in focus ahead of lower anticipated UK inflation – BoE up Next - OANDA:GBPUSD falls back into prior trading range as USD maintains bid STERLING IN FOCUS AHEAD OF LOWER ANTICIPATED UK INFLATION – BOE UP NEXT UK inflation, expected to drop before the Bank of England's monetary policy update, is crucial for achieving the...
GBPUSD mounted a moderate comeback on Wednesday, bouncing off support in the 1.2430 region. If the pair extends its rebound in the coming trading days, resistance awaits at 1.2525, followed by 1.2575 near the 200-day simple moving average. On continued strength, the next key level to watch is 1.2645. Alternatively, if sellers return and trigger a market selloff,...
GBPUSD respecting the trendline resistance at 1hr TF expected to continue downtrend. TPs and SL marked
Hi there, We are on a powerful resistance in GBPUSd and two powerful trendline in longterm. We sell it today, it is little risky but good profit is in the risky situation. O: 1.252 TP: 1.222 SL: on chart Be success
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
Preferred direction: BUY Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about...
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
The GBPUSD is presently experiencing an upward trend and displaying a double-top pattern along with bearish divergence, signalling a robust possibility of a reversal in the trend.
Greetings Traders! We've just witnessed a bullish market structure shift, signaling a potential upside move in price, aiming to reach the H1 buy stops, followed by a target towards the daily bearish order block. Stay tuned for updates as the scenario unfolds. Firstly, I would like to see price draw into the m15 bullish breaker where we can look to enter a...
Buyside Liquidity have been tagged, it remains the Sellside Liquidity I want to see a break below the highlighted swing low and then a break to the downside to confirm bearishness. Then I will look for shorts I want to see price at 1.22997
Imagine a world where a single day of price action can make or break your month. Well, if you’re a momentum-focused day trader, this world is not too far from reality. Day traders tend not to hold overnight risk, a strategy that aligns with their preference for quick, intraday trades. This approach means they must enter and exit positions swiftly, often multiple...
Quick update on GU, I will be closing my short here with a small loss as price action is still bullish on the 4hr, the overall narrative is the same, but I will be waiting for a better entry on a short. Next week should provide that opportunity.
Pound had a great move this week, however its in my option bearish in this zone. Previous weeks high external liqidity was reache and we are in the multiple FVG and IFVG levels from the Weekly TF. DXY is meanwhle making low in the H4 external 🟠Rules - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is...
Possible move on the pound i expect sellers to step in at 1.25600 level for these reasons 1. W1 counter trend line is been broken now currently retesting 2. trend line on the 4hr 3. 4hr price structure is bearish