OANDA:GBPUSD is in bearish trend forming a series of Lower Lows and Lower Highs. It is now retracing towards premium 50-75% fibonacci levels where we can look for short setups.
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...
Greetings Traders,
This week promises significant market movement with a series of high-impact news releases, including the Non-Farm Employment Change and the Unemployment Rate among others. In this video, we'll delve into what to expect in DXY and GBPUSD trading, recognizing that such weeks often exhibit manipulative or accumulative behavior. It's crucial to...
In this trade the support zone highlighted by the purple box is turned to be a resistance and being retested by the price so would expect a decline and price will drop.
TP1, TP2 and stop loss levels are highlighted.
Enter on your own responsibility!
Trade carefully!
GBP USD sliding down with a trend line intact for now. Expecting USD to rise due to FED being unable to cut rates. This is still a high possibility . A strong rise above the trend line could trigger a break upwards and if not, GBP USD is continuing towards 1.2 area.
Hello Traders,
We're currently eyeing a Power of 3 setup on GBPUSD. After manipulating the Asian session low, we anticipate a rise during the London session following the clearance of sell stops. The current draw on liquidity manifests as the relative equal highs, indicating the H4 Buy Stops.
I'm considering a confirmation entry with the stop-loss set at the...
Dear Traders,
Hope you are doing great, we have a upcoming great selling opportunity on GBPUSD. DXY may become weaker until Thursday where we can start having major news on DXY. The economic news expected to come in favour for USD although, the market will be too volatile so we ask you to follow accurate risk management.
As always if you like or agree with our...
Price formed a ascending triangle at H4 resistance level. Price have been rejected multiple times at the level.
A strong bullish candle broke through the resistance and close above the resistance area. Aligning with H4 & H1 MACD level that the momentum of the trend is bullish.
Set a long trade, targeting H4 swing high. 2RR is targeted
Technical Outlook:
The GBP/USD pair is currently exhibiting a consolidating behavior just above the 1.24 level, as shown in the 4-hour chart. After a precipitous drop, the pair has formed what appears to be a stabilization pattern, indicative of indecision in the market. Presently, the pair confronts resistance around the 1.255 mark, hinting at the market's...
GBPUSD H4
This chart highlights the H4 trend edging towards our sell zone price of 1.26. There are several confluences converging at this price level, bolstering our anticipation of a reversal and a resurgence in dollar strength.
We've taken proactive measures by setting alerts and now await developments with patience. This forthcoming bullish extension could be...
FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index.
On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high...
GU is at a daily AOI and to the left, within the AOI is some juicy price action. watching price slow down and give confirmations on LTF would be ideal.
#gbpusd
Gbpusd short projection with the following confluences
Trend: Price currently making lower lows and lower highs (downtrend)
Level: break of support level now acting as resistance
Fib levels: rejection of price from 50% and 61.8% fib levels
Signal: daily bearish engulfing candle on fib levels
This is more of a swing position.
#lessismore
Hi there,
We are on a powerful resistance in GBPUSd and two powerful trendline in longterm. We sell it today, it is little risky but good profit is in the risky situation.
O: 1.252
TP: 1.222
SL: on chart
Be success
Daily:
- Bullish M1
- Daily FO
- Bullish indication candle
*BOC still not tapped
Weekly:
- Candle close with us
- S&D zone with us
- FIB completion -27 with us
4H:
- Bullish M without BoS
*Daily 100 level is in our favor right now and waiting to be tested as support again (white box)
Hello dear traders,
we have the analysis of the pound chart, which I have drawn very simply and smoothly. In the pound chart, the daily trend line has broken and created a CHoCH. And now in the process of pulling back to solidify the order block, it is left behind. Or for daily liquidity accumulation? In any case, the trend will reverse. Or with the order block...
