GBP/USD and the next decline, as in Toby’s analysis and the pivot, is that the price is below the axis
Price bounced off from our selling price of 1.26739 heading to weekly support (low) a sell opportunity is envisaged from the current market price. Stop loss is played at 1.27284 Trade safe
On this chart we can see the clean GU Short. I have used a pattern with top down charting. OANDA:GBPUSD will indeed fall now
Hello,Traders! GBP-USD went up from The demand levels below Around 1.2540 just as I predicted but now the Pair will hit a horizontal Resistance level of 1.2697 So a bearish pullback With the goal of retesting The target below at 1.2645 Will be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
As a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and momentum. So how can we determine the direction of...
be careful. The trend is downward. Price can't break Cuomo's cloud. Now, it has encountered two static resistances (Abercomo) and dynamic resistance.
We have downtrend in GBPUSD and I expect a low at least to the TP1 area. Also it is possible to reach 1.25. Do not forget risk management and please risk free at TP1. Good luck.
Hello Everyone, The GBP/USD pair is gradually shifting towards a bullish outlook, indicating further upside potential ahead! TradeWithTheTrend3344
USDGBP Showing bearish trend but RSI Indicating bullish trend, this means trend is about to break in this case we are not going to take any trade
Be carefull! The price has hit the channel ceiling and dynamic resistance. It is unlikely that he will be able to break it. If it breaks and stabilizes above it should be bought.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Celebrating success amidst the unpredictability of GBPUSD. Learn from victorious trades as we delve into the importance of patience and resilience in the face of market fluctuations. Each win is a testament to the power of strategy and mindset. Let's reflect on the journey and empower each other in the pursuit of trading excellence.
Hello traders. This is my current view on GU. I still feel there is strong buying power and I will be looking to buy at that level. I am aware that GU failed to break above the previous high and then started its rejection to the downside. With this position I will not be waiting for any rejection candlesticks before entering. My target will be at the current daily...
Market Analysis 1. H4 - Directional bias determined. Downtrend. Looking for short positions. 2. H1 - Price retraced to H4 supply. Buyers are exhausted. BOS yet to occur. Asian session liquidity is swept already. 3. M15 - Entry TF. CHoCH occured creating imbalance. Price retraced now to fill the...
Market Analysis 1. H4 - Directional bias determined. Downtrend. Looking for short positions. 2. H1 - Price retraced to H4 supply. Buyers are exhausted. BOS yet to occur. Asian session liquidity is swept already. 3. M15 - Entry TF. CHoCH occured creating imbalance. Price retraced now to fill the...
GBPUSD BUY. not very much to put in the description but gbpusd is making overall higher highs and higher lows on weekly and on daily we got our first daily engulfing candle stick. i would enter now but this is a daily engulfing so if it pulls back i could damage my trading account so im waiting on pullback before entry.
The US will also publish the final estimate of Q4 GDP data. In its last report, the statistics agency said that the economy expanded by 3.2% in Q4 after growing to 4.9% in the previous month. The US will publish this week’s initial and continuing jobless claims. The most important data of the week will be the US personal consumption expenditure (PCE) report set...
GBP/USD is trading above 1.2650 early Thursday, finding support from a broadly subdued US Dollar. Mixed US data, dovish Fed commentary and an upbeat market mood continue to act as a headwind to the US Dollar ahead of more statistics and Fedspeak. The 50-day SMA, the Fibonacci 38.2% retracement of the latest downtrend and the 200-period SMA on the 4-hour chart...