This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked. If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a...
The Pound-Dollar pair is losing momentum to recover near 1.26950 in the early Asian session on Friday. The major pair is declining after pulling back from a recent top near 1.27600 amid renewed demand for the US Dollar (USD). Later on Friday, data on US durable goods orders and Michigan consumer sentiment index will be released. On Thursday, the flash PMI from...
The Pound-Dollar pair continues to rally near 1.27100 on Tuesday in the early Asian session. Investors are expecting more catalysts as various Federal Reserve (Fed) speakers are due later in the day. On Wednesday, close attention will be focused on UK Consumer Price Index (CPI) data and FOMC meeting minutes. On Tuesday, the US dollar trades stable amid the...
My bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts....
The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming...
Trading Setup: A Trading Signal is seen in the GBPUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.2567 ⭕️SL@ 1.2586 🔵TP1@ 1.2496 🔵TP2@ 1.2456 🔵TP3@ 1.2336 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading...
This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone. If price fails to reach the daily supply, it might...
The Pound-Dollar pair remains on the defensive near 1.23500, its lowest since mid-November, in Tuesday's early Asian session. The US Dollar Index (DXY) is consolidating above 106.10 as traders await the preliminary S&P Global purchasing managers' index (PMI) data from the US and UK for April. Federal Reserve (Fed) policymakers agreed that US inflation is slowly...
- For sure one of the most easy forex trade setup that i saw in my entire life. - Buy = 1.05 - Sell = 1.24 - Under 1.05, just go to a church and pray. - Feel free to check my older DXY analysis to get some clue : Happy Tr4Ding !
Waiting for rejection off the liquidity zone. Then I will look to sell from that zone. Selling only after the break below the HMA and the retest of the liquidity zone **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management*
This is also gonna be one of the interesting charts to watch in the coming months or yrs, as the pound is gaining strength against the dollar. So, Based on the chart, you can see that we completed a correction cycle in 01 Sept 22 which had started 01 Oct 07, from there a bullish cycle is expected to start which will lead us to the ATHs. Even Fundamentally, it's...
A Confirmed entry. You can manage your trade via SL Trailing. scalpers can have good returns. As the price will reject first and then will continue upwards. Price is currently approaching a good demand zone. Happy Trading.
As pound has taken a good impact of the news, hence, came to a demand zone, simple go long from here for some green pips as the price is currently following an upward trend. Happy Trading
POUND has reversed from its higher time-frame supply zone, wait for the market to approach the POI to initiate short trades. Happy Trading
POUND is gathering liquidity, wait for the price to hit the supply zone for a good short position, confirm your entry in Lower timeframe, i.e 5 minutes. As price is currently following a bearish trend this is what i though the market will do. Happy Trading.
Pound has given a clear Break of Structure. You can take long trades from here Happy Trading
I am currently long on this pair. I got in earlier today during late Asian session at 1.2468 so I am already up +1R but due to TradingViews “House Rules”, I must put a later entry than this real-time post so a solid second entry would be once price breaks above todays current daily highs around 1.2489. I am going for at least +3R but am willing to take this as...
GBPUSD bullish trend activated. Found a support region. Expecting price to trade from that zone to the area marked as tp. Not everyday will be a trade day. If you don't see your setup, don't trade. This isn't a trade signal. I'm not registered to give financial advice. DYOR