the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
bear market turning into bull Market with GBP Crab.
Bullish crab pattern
It begins at point X and extends to point A. Point X may be anywhere on the price chart, but looking for a bull pattern under oversold circumstances is a smart practice.
Wave...
British pound currently is having a strong headwind to reduce the pound strengthen coming to the market in play. It just started and the strong headwind is the potential pause of the BOE rate hike coming in 2024 as the inflation CPI of 11% previously in 2022 by the UK CPI is currently only at 4.60%. Drop more than half.
The pound strength will reduce and not...
the dollar has moved to a sell season giving GBP room to breathe and gbp is taking a good advantage of it by rapidly moving towards its first resistance.. most probably will break in near term and we will move to the higher canal .. .from there the situation needs to be attended carefully
good luck trading lads
Descending Triangle Pattern: You've identified a descending triangle pattern on BXY's chart. This pattern typically consists of a horizontal support line and a series of lower highs, forming a triangle shape. It's considered a bearish pattern and often leads to a breakout in a downward direction.
Daily Support Zone: BXY is currently trading near a daily support...
As you can see with the current state of the BXY market, it is currently in and upwards trend creating higher lows consistently marked by the circles on the closes of the wicks. The red rectangle marks out the area where price was operating below my entry price on GBP/USD and as you can see the arrows show the date range that buyers and sellers were actually...
I expect gbp index to pull back to the oderblock/ discounted area
The price have been on the down trend since I expect a massive drop on gbp pairs for the next few years
Hello There!
Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008 this is already indicating a high bearish sentiment dynamic that...
I bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP.
The BoE's decision to...
BXY looks bearish on the daily chart. It has the potential to fall into the 124.30–123.34 range area for a WXY sequence and potentially retrace for a significant pullback.
The 123.34 level needs to be watched for any bearish continuation in that area.
GBP Index seems to continue its journey after a small retracement to previous Resistance Flip Support Now....... Price seems to retrace from 1.382 ibo Level and RSI Bearish Divergence on 1 Hour TF.
Before talking about what direction NASDAQ:GBP pairs should take, just check its #INDEX before decide.
It seems to be clear that #UK won't throw the towel and give up.
They have conquered nearly 70% of the planet; English is the most spoken language.
The small British island could still hold a few surprises!
130 seems to be claimed...
Don Pablo
bear market turning into bull Market macd bullish above 50/50 but signal still below ma rsi bullish above 50/50 signal below ma market may see stagflation with bearsish attitude for a bit. but expected to incline
TP will be 70% incline unless economic sentiment confirms extra sentiment to execute 80% TP during weekly trading.
Climbage:
INCLINE: 2.62%
DECLINE 1.47%
Bear market (N): macd (N) right on 50/50 signal under ma RSI bull above 50/50 signal above ma suggesting decline to come.
climbage projectile:
P1:
INCLINE: 2.65%
DECLINE: 2.72%
Market hinting at to come depreciation. market forming head & shoulders expressing significant decline macd is bullish above 50/50 but signal under ma hinting at minor up movement switching focus to decline in the very near future. RSI on 50/50 area crossed just above sitting on top of ma waiting for decline era. expect market to take on significant drop
Weekly...
market currently (N) may look like a decline but can expect to break with BULL momentum unless economic sentiment has investors worried this soley based off market sentiment
WEEKLY TP@124.51
MACD shows N market signal on but below ma both sitting on 50/50 area i anticipte bullish momentum but economic sentiment may affect because speaking sentiment wise i am...
