Hello,Friends! The BB upper band is nearby so GBP-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.254. ✅LIKE AND COMMENT MY IDEAS✅
📈 GBPUSD Long Setup 📈 I'm identifying a potential long opportunity on GBPUSD based on Elliott Wave analysis. 🔍 Wave Analysis: We've completed waves (a) and (b) with a current move up forming wave (c). The target for wave (c) is at 1.27804, with a retracement level at 0.762 (1.27008). 🎯 Target: Entering long around the 1.27008 level, aiming for the...
I hope you find it rewarding This week I think there could be a downward correction in GBP/USD, after which we can establish long positions in the blue zone. The internal signals of the day will be analyzed for you every day
Let's take a closer look at GU. GU has mitigated HTF IMB, but seems to be for our HTF POI, by using the previous internal HH(wick rejection) as IDM. As the chart shows, this is also in line with what we expect from the DXY review analysis and the EU. Most likely, due to future fundamentals, most xxx vs. USD may fall during the New York session. Because we saw...
I forgot to post this pair ! GBPUSD Can go up from here and I think this is the reason why we hit stop EURUSD and USDCHF ! I think market needed to reach this area for GBPUSD !
Hey there, So, this morning I switched on my computer and while going through my watchlist I saw that there was a potential setup coming together on the GBPUSD. Instead of just taking the trade, I though it would be a cool idea to record the actual trade and share it with you all. I am still in the position, and though it would be better if I split the...
GBPUSD just completed the head and shoulder pattern so we should be expecting a large selling momentum in the market
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
Within a week, you can trade from these price levels. Finding an entry point for trading depends on your trading style and how the situation develops. If you expect medium-term price movements, it's likely to start in one of these areas. The level was good for a week, and the next morning I adjusted the level based on the new data Prices are plotted based on...
It is expected that after some fluctuation, the price will cross the support range and continue the downward trend
Hello, subscribers! Great to see you all. Please share your personal opinions in the comments. Don't forget to like and subscribe! With the April PPI and CPI released in the US, the slowdown in CPI has increased expectations for a rate cut in September, and there's growing attention on the possibility of a rate cut in July as well. Amid this, Federal Reserve...
Waiting for the price to reach Daily FVG to look for Bullish signs
Here on GBPUSD price has be moving down after the previous breakout so now forming a little downtrend so it like to break the trend and start going up so it expecting to wait till after the brakeout before going for buy so the expected targeting profit should be around a psychological level of1.27000. It also advisable to use money management .
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2608, which is a pullback support close to 38.2% Fibo retracement Our take profit will be at 1.2667, a pullback resistance. The stop loss will be placed at 1.2534, which is an overlap support level close to 61.8% Fibo retracement High Risk Investment Warning ...
In the 1-hour time frame, the classic pattern is completing. Be careful with your purchases. Now is not the right time to buy. The oscillator should reach the oversold point on the RSI indicator.
During the early Asian trading session on Friday, the GBP/USD pair experienced a modest rise, approaching the 1.2670 mark. Despite a slight pullback, the outlook remains bullish for buyers as the GBP/USD successfully breached the 1.265 resistance level, turning it into a new support. It is anticipated that the upward momentum will resume after a retest of the...
Hello Everyone, The GBP/USD is making remarkable progress! The bullish trend is expected to persist with some minor fluctuations. TradeWithTheTrend3344