Market Structure Bullish on HTF Entry At Daily AOi Weekly Candle stick Rejection Strong Weekly Bullish momentum (Lots of buyers in the market) Daily Rejection at AOi Previous Daily Structure Point Daily Bullish engulfing H4 Candlestick rejection Rejection from Previous structure SOS 5.11 Entry 90% REMEMBER: Trading is a Game Of Probability ...
Price has hit weekly resistance with a push caused by cpi release, pound failed to break through 1.27500 and retraced creating a rejection wick. DXY also broke out of a descending trendline signifying bullish momentum mounting. The weekly candle has no bottom wick so a retracement is likely. Anticipating FOMC talks to push GU down.
The GBP/USD pair continues to engage in a sideways motion and consolidation after breaking through the 1.070 resistance level, which has now transformed into a new support zone. In the short term, the currency pair remains confined within a range, experiencing a couple of false breakouts. The next movement seems to favor the buyers, however, close monitoring is...
Price is currently stable at 1.27165 therefore, desperation may set in! Ahead of UK RETAIL SALES NEWS set to be released tomorrow by 7:00 London time. We saw how price just stabilized at 1.27165 level. Setting a standard for a possible sell opportunity. As we monitor price around that level, we look forward to seeing some bearish price action developments away...
Hello Traders, What a suprise from FOMC Minutes yesterday during New sessions, not so much volatility invloved in the markets focusing on #GBPUSD. H4 POV 1. Level 1.2700 is currrently our potential support. 2.Bulls pushiing higher 30 pips above support. 3.Bears to be scalping in and out for small wins. A close above 1.2765 would confirm strong bulls are here...
GBPUSD reach all time high and ready to sell as DXY confirmed bearish move
Types of Stop Loss Money Stop Definition: A trader sets a fixed amount they are willing to lose on a trade, for example, £20. Issue: This approach often leads to larger losses because it doesn’t align with market movements. Advice: Avoid using the money stop. Time Stop Definition: Used mainly by scalpers, this involves closing a trade if it doesn't move...
According to the movements of this currency pair in the past week, we can have a downward movement from the specified area
Hello Everyone, After a significant uptrend in GBP/USD, the market sentiment is shifting towards an expected return to bearish territory. TradeWithTheTrend3344
price is forming a resistance at the top of that level which can hold price and likely lead to a pullback to the trendlines below
GBPUSD Sell Stop Loss: 1.276 Targets: 1.268 1.266 1.264 1.262 1.260 1.258 1.256 1.253
UK inflation data for April showed a slower-than-expected decrease in consumer inflation. However, services inflation, which has been persistently high, exceeded the estimated level predicted by analysts and economists. This unexpected outcome caused a delay in the expected rate cut from August to November, with only one rate cut now anticipated for this year. As...
After closing the GBP/USD position at 1.23, I will open another short position on this pair because, as often happens in FX, you usually have 2 or 3 (sometimes 4) chances to take a short position on the same valid setup. Therefore, the next position will be opened around 1.281 with a 1:1 stop-loss ratio, as I usually have on FX pairs, and without worrying about a...
Hi there! I'm buying the GBP/USD : -RMID (Range Manipulation Initiation Distribution) -We have liquidity. -We have an interesting zone. -We have the optimal fibo. -We have accumulation before/on the zone. -We are with the trend.
GBPUSD just completed the head and shoulder pattern so we should be expecting a large selling momentum in the market
GBPUSD is bearish to timeframe daily it is tp1 and tp2 clear in the chart
GBPUSD was definitely stronger yesterday, as it based at PZ then rallied up (though miss my final target of 1.277) before coming down, re-tested 1.2701 strong level and bouncing off strongly. Much volatility no doubt, though GBPUSD is printing green daily candles still. Am cautiously bullish for GBPUSD but to err on the safe side, 1.2701 will be a good level to...