Hello traders ,what do you think about GBPUSD? This pair has been placed under the resistance zone. On the other hand, British economic data appeared weak. It is expected to fall to at least the specified level with an upward correction and reaching the specified resistance zone If this post was useful to you, do not forget to like and comment.❤️
My analysis of the gold buy trade I took after US CPI news. Using a false break to the downside as a trigger, I am looking to ride up to the H1 resistance area
GBPUSD Analysis 13/09/2023 The entry, exit and stop loss points are on the chart, please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
GBPUSD 1H it's only my view. IOF is Bearish, but expecting bullish scenario in 1h time fame. 1h previous two lows been raided Let's see how it rolls
Symphonic Pattern : Probable pattern with strong and repeatable probability in the markets. This type of pattern is obtained based on mathematical and statistical calculations on past pivots and waves.
With not a lot of top-tier data releases scheduled during the U.S. session, traders may focus on the U.K.’s jobs numbers and extend GBP’s intraday downtrend. I’m looking at GBP/USD as it’s currently hitting the S1 (1.2470) of the 15-minute Pivot Points. Think Cable still has room to fall? GBP/USD may hit the 1.2460 previous support zone in the next couple of...
VERY nice setup that I share with u last day high will hunt in today ln then price show powerful sign wit qm pattern that good foe sell
Last update on GU now that inflation news is hitting! The set up played out beautifully! I decided to secure some profits at around 1.24400 since that was the low. Price showed a support level there so that's why I secured some profits! Stops for the 1 runner were moved to breakeven. Inflation news just hit which made the pair dump again, once we blew past 1.24400...
Just sent out shorts on GU. I broke this GU set up multiple times. I was waiting on price to break and retest the 1.25000 level before looking to go short for a 1:3rr! Price gave the retest before markets closed but I wanted to until markets opened back up to see where price would head to. Seems like price is now heading to the downside from here. We'll see what happens.
GBP/USD Long Trade: Entry Level: 1.2466 Stop Loss (SL): 1.2439 (-$270 risk) Take Profit (TP): 1.2526 (+$600 target) Risk / Reward Ratio (RRR): 2.22 Description: This GBP/USD trade aims to enter at 1.2466. The Stop Loss (SL) level has been set at 1.2439 to limit the risk, representing a potential loss of $270. Additionally, the Take Profit (TP) level is set...
-GBPUSD overall is running in downtrend. -GBPUSD is following 4H down trend. -Keep an eye on the current support zone . -Short trad will be good idea after breaking the support zone. -soon GBPUSD will bounce off the main level for long trade with good r/r ratio .
CPI will release today i see the GBPUSD bullish today so its not 100% but i will see what will be happend in the CPI
Disappointing UK economic data was released this morning. According to the Office for National Statistics, real gross domestic product fell by 0.5% in July 2023, with declines occurring across a range of sectors. The last time a decline of this magnitude occurred was in February of this year. As a result of the publication, the GBP/USD rate dropped sharply. At...
GBPUSD Analyze Current: 3.2%, average forecast: 3.6%, expected to increase. Consumer Price Index Expectations for Financial Institutions (Inflation): (Lowest: 3.5% Highest: 3.7% If a price can stable above 1.2474 the direction will be uptrend again to reach 1.2584, 1.2657, 1.2743 For any reason if the price backs off and stable under 1.2502, the price will...
I analysed this chart using the Elliot wave strategy, top down analysis and London session to confirm the current direction of the market. I am confident that this TF is completing part of ELLIOTS 5 wave impulse to the upside, so I am in for a long trade.
GBPUSD seem very bearish looking for a run into the sell side liquidity. since we tap that 1Hour FVG already
Price just formed a head and shoulder pattern in H4 timeframe and is set for a sell. I anticipate bearish price action to be developed away from that level .