What lies ahead for GBPUSD? Personally, my focus is on identifying opportunities to buy during price dips below 1.25 towards the BUY/DEMAND area starting at 1.242. Here's why. Back in June, I outlined a potential path for this pair following the breakout of the 1.24 weekly resistance level. I anticipated a minor retracement to that level and then a leg up ...
Price is at previous weekly low and also bottom Bollinger band. I'm expecting a buy
GBPUSD is presently in downtrend as it is printing LHs and LLs. NO divergence is visible on RSI on 1H timeframe. Moreover, it has formed a bearish flag (continuition pattern) on same time frame. The downtrend is likely to continue, therefore a short entry through Sell Stop has been set upon downward break of flag-pole on chart with suitable SL and TP.
GBPUSD at crucial support, if gets broken then we will see further downside keep an eye at 1.25250 (very IMp Level) US dollar is showing strength.
"Read the technical analysis following the disclaimer." Disclaimer: This technical analysis is for informational purposes only and should not be considered as financial or investment advice. Trading and investing in financial markets involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a...
Trading into US data in a strong dollar sentiment. Already triggered; I'll cover any adjustments on this.
"Read the technical analysis following the disclaimer." Disclaimer: This technical analysis is for informational purposes only and should not be considered as financial or investment advice. Trading and investing in financial markets involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a...
↪️GBPUSD pulls back after encountering selling pressure above the key resistance level of 1.2600. The Cable descends sharply as market sentiment shifts to a more pessimistic outlook. Meanwhile, after the pullback I will be expecting the pair to drop more towards the next support level of 1.2500...Trade safely 👍✅️
Today I took 3 trades. 1 losing trade and 2 breakeven trades. The losing trade, I took with a bit of FOMO, because I saw price moving towards my expected direction and I took the trade even if it did not fit my trading plan. For the 2 breakeven trades, I moved the SL to BE a bit early because of fear of losing, maybe because of the first losing trade. If I did...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
As I'm looking GBPUSD is about to going down first for daily trendline already breakout without pullback but suddenly the trendline of h4 also breakout and already have clean pullback seems like GBPUSD going to support daily
DXY bias is bearish GBPUSD HTF bias is bullish Price is below the equilibrium of the current trading range. Waiting for the SSL 15m EL level to be taken then I will wait for a long setup to form
Using injection SELL GBPUSD @1.26144 TP: 1.25150 SL 1.26450 Use proper risk ❗
Traders, Good day, Buy for 1.2680 Sl 1.2613 Search for a sell set up at 1.2680-1.2690 Target :1.2560 Good luck
It has been almost 2 months since we last looked into the GBPUSD pair (see chart below), taking as sell position after the price was rejected on the Channel Up pattern's top: That Channel Up broke downwards, and the last such pattern to remain valid is the one shown on the current chart. The price is below the 1D MA100 (green trend-line) and today hit the...
Trend breakout with retesting – confirmation. CAUTION because price is close to strong resistance – if it bounces back down quick short scalp. On lower time frames (5M, 15M) we have bullish EMA crossing (50 and 200) – if EMA is retested and price bounces I will see this as valid LONG trade. Strong bullish volume 5 days ago. You could wait for more confirmations...
Dear colleagues, I assume that the price has finished corrective movement 2 and starts impulsive movement 3. The first target is the support area 1.25515. Manage your capital correctly and competently! Only enter trades based on reliable patterns!