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
Entry- 1.25188 SL -1.25456 TP- 1.24414 R:R- 3R Goodluck.
The price is currently rising toward the pivot point of **1.2422, which is a pullback resistance near the **61.8% Fibonacci retracement level. A reversal from this level could lead to a price decline towards the first support level at **1.2362*, identified as a swing-low support level.
Using the BBMA Strategy by OA, a Re-Entry Long in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ). 4H - Re-Entry 1H- WAIT for 50 EMA Rejection or with Extreme long 15m- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close below MAHI in...
Hey team hope you are enjoying our Ideas and Analysis , today in trading Running session we are monitoring GBPUSD looking for a buying Opportunity around 1.25092 , once more best Buying Area is 1.24969 so when we will Recieve any conformation the trade willbe Excuted Good luck Guys
GBPUSD is making bullish flag means it will be a continuous pattern.
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...
Entered this trade on Tuesday.. PA took bears for a 60 pips spin before retesting. Price turn back from support zone, retesting a resistance zone at 1.25250 area Using that level as my additional entry.. With a new target at 1.23650. 180 pips overall target.. Another day to get stuckinprofit..
R:R 3-0 Looks like a good trade to be honest, all is listed on the chart, executing is whats left.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
GBP/USD gains traction above 1.2500, Fed keeps interest rates steady GBP/USD gains traction near 1.2535 early Thursday. The major pair's rally was supported by a sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. GBP/USD fell sharply on Tuesday and erased all of Monday's gains. The pair hovered in a tight range below 1.2500...
Hello everyone, Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates. From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD ...
Once more, price just had a rebound at 1.25248 and currently trade around 1.25381 level. After the fed interest rate decision report yesterday, buyers reacted positively to the same as expected outcome . Buyers may continue to push the price higher ahead of NFP REPORT that’s to be released. A buy opportunity to is envisaged.
Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, on the downside, break of 1.2448 minor support will indicate that...