By checking the GBPUSD chart, we can see that the price started to fall from the range of 1.257 and was able to correct up to 1.247 and it brought us about 100 pips of profit! Now I expect the price to move up first and then we will probably see a further drop in the price! Please support me with your likes and comments to motivate me to share more analysis...
This market looks interesting. I see a possible downside continuation based on what price is showing on the weekly TF. Overall is bearish and we can see that price has broken a weekly key level to the downside, a short term correction is needed for the downtrend continuation. Let's see how this coming week will be. Feel free to share your point of view.
This is a very optimistic trade and i encourage people to stay away from it. We saw a breakout from the short term trend and we are looking to sweep down a little bit.
✅GBP_USD has retested a Horizontal resistance of 1.256 From where we will be Expecting a local pullback And a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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
GBPUSD - 24h expiry The primary trend remains bearish. Price action looks to be forming a top. Bearish divergence is expected to cap gains. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2560. We look to Sell at 1.2560 (stop at 1.2596) Our profit targets will be 1.2470 and 1.2430 Resistance: 1.2560 / 1.2590 / 1.2630 Support:...
FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a...
There is a possibility of further decline. That's the ABC drop.
Dear friends! Overall, GBPUSD may continue its medium-term uptrend supported by the sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. On H4, the pair is in consolidation at high levels with strong support around the 1.2518 breakout level. The resistance zone at 1.2570 continues to hold the price, but amid accumulation and...
Hello everyone! Today, GBPUSD attempted to recover after hitting a new several-month low below 1.2300 suggesting a very positive outlook. On impact news: GBP/USD is consolidating a recovery above 1.2500 in European trade on Thursday. The pair struggled, despite US Dollar weakness in response to dovish Fed signals. Mixed market mood limits GBP/USD gains ahead of...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25213 TP: 1.23979 SL: 1.26376 Bias: Short It is difficult to provide real-time or future forecasts for financial markets. It is critical to take note of that monetary business sectors are profoundly powerful and dependent upon a large number of elements that can influence their developments. Therefore, it is...
Hello fellow traders, Today, I’m presenting a short trading opportunity for GBPUSD, analyzed through Elliott Wave theory on the 30-minute chart. The price action recently completed a five-wave impulse structure, followed by a clear corrective pattern, indicating potential further declines. We can observe that after the fifth wave peak, GBPUSD entered a...
Hello everyone, GBPUSD 4H NEW FORECAST The price of the pound sterling against the dollar is trading with noticeable positivity after consolidating above the 1.2480 level, heading towards a possible test of the 1.2580 level, and we expect the bullish tendency to continue in the immediate term to exceed this level and achieve additional gains up to...
Hi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and...
GBP -USD forms a bearish head and shoulder pattern after bearish divergence. I can clearly see that it will goes downward. Neckline is also broken and can expect further downward. Key levels are defined with Entry, SL and TP1 and TP2 with the maximum forecasted projection. Enjoy short setup on daily timeframe and look for reversals on shorter timeframe..
This is my gbp/usd outlook for 2 may 2024 enjoy :)
On the chart the price has confirmed the weekly bearish movement and has broken out of the structure and fvg Prices have been bullish all week and there is no indication that a strong institutional candlestick will change the market structure. We have some events on Friday (today) and a lot of events next week, including non-farm payrolls (which could attract...
looking to chart h4 seen price is reaching top of the channel with forecasting of falling with today news