Hello,Friends! We are going long on the GBP/USD with the target of 1.275 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
We close again negative on a WEEKLY Candle on Friday the 25th/08 and break WEEKLY Support of 1.263 which acts now as Resistance. I expect further decline on Monday to test the daily uptrend/Support line (Greens one on the chart) around 1.2515 - 1.2484 (Which will be a crucial area for BULLS). I do expect to bounce back from here, but only time will tell My...
Here we can see market created a nice ascending channel, which came after a nice impulse and we can still anticipate for the market to finish up. Creating the last impulse move for bearish continuation.
It has broken out of the range and maintains its downward momentum. Target 1.2400 below.
i think GBPUSD gonner go short since it has formed a a bearish flag
We see Trend Bear (White) and Continuation Flag Pattern (Blue). No Divergence/Reversal/Harmonic Bear 2 Points Bull 0 Point Place a Sell Stop Order Below Flag LL. Set TPs and SL according to RR ratio.
GBP/USD Short Trading Opportunity 1. The price is below Trend Magic Indicator. 2. US Dollar Index DXY yesterday broke the level and the uptrend continues. 3. RSI indicates more downtrend power. 4. Retail trader data shows 60% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line TP1 - on the 200-SMA TP2 - 1.2320 Keep...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2726, which is an overlap resistance. Our take profit will be at 1.2654 that aligns with 50% Fibo retracement, an overlap support level. The stop loss will be placed at 1.2811, which is an overlap resistance level." High Risk Investment Warning Trading Forex/CFDs...
Based on the H4 chart analysis, we can see that price is rising toward our sell entry at 1.2652 which is an overlap resistance Our take profit will be at 1.2579 which is a multi swing low support level. The stop loss will be placed at 1.2752 which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Support Levels: Support 1 @ 1.25490: Our journey begins with Support 1, nestled at 1.25490. This level is the first line of defense for GBP/USD traders. Historically, this is where the price often finds buying interest, potentially signaling a reversal of any downward movement. Traders should keep a watchful eye on this level, as a breach below it could suggest...
Looking at the daily seems to an important area then we looking to sell .
GU has broken a support level in Daily timeframe is currently making a correction in H4 TF. I anticipate price to make correction back to supply level. Before it’ll be due for a sell
Price is forming higher highs meaning is bullish.... another confirmation price is trading below midnight open to act as manipulation before sky rocketing... price might trade into the 30 min fvg and then we can go long....look for confirmation before buying...NO CHOCH NO ENTRY... HAPPY HUNTING
Price is forming higher highs meaning is trading upwards towards our 1Hr OB....another confirmation price is trading below midnight open to act as manipulation before buying agressively.... Price might trade into the 30 min fvg and reverse.Look for a CHOCH in the lower timeframe and go hard .......NO CHOCH NO ENTRY... HAPPY HUNTING
The GBP/USD currency pair is trading near a multi-month low, constrained by BoE rate hike prospects and a strong U.S. Dollar. Key technical resistance and support levels are identified at 1.2630 and 1.2530 respectively. The market awaits cues from BoE's Policy Hearings and U.S. ISM PMI, as looming recession risks temper bullish sentiments. TRADE IDEA...
- Major turn level - Choch Area - Visible Range Lvn - Trend Break Out - Fixed Range Value