We are expecting price to shift its structure on lower time frames this week and potential sells can formed. price already reacting off the -Orderblock 4h. Use proper Risk Management ! Dont Risk More Than U Can Afford To Lose ! Our reliable Forex Analysis will provide you with Knowledge of market movements & when to buy and sell the major currency pairs. If...
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This...
“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.” Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation: Support: This is a level where the price tends to stop falling and bounces back up....
Based on the chart, it appears that GBPUSD has completed an impulsive wave (12345) and completed the corrective move (ABC). so the wave cycle is ended that mean only long trades is matter now
hello traders how are you today? as you can see price has been in a correction wave as sideways and now i think its good chance to take short position and follow bearish trend. be safe enjoy
Am looking to short GU as we made a bearish impulse and now price retraced back to premium supply zone which looks like a good zone to short to catch the next bearish leg down
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Hello Traders; Hope you doing greats . for this week I think we'll probably see a downward correction in GBPUSD and after that we can take a long position at Blue zone . if this post was helpful, please like and share.
We are expecting price to hit a psychological level of 1.26000 this week, but we will be taking our partial TP 1.25500 as we continue to ride the bullish trend 📈 FX:GBPUSD
Hello hello, R2F here with another discussion. Today, I'd like to go over the question, 'when do you know you are ready to trade with real money?' Too many traders rush into trading with real capital before they are ready, and end up losing more money than neccessary on learning journey. People are generally impatient creatures and want to get into actions as...
Preferred direction: BUY Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published. The likely best...
GBP/USD edged higher to near 1.2540 during Asian hours on Friday, buoyed by the release of higher-than-expected UK Gross Domestic Product (GDP) data for the first quarter. GDP (QoQ) rose by 0.6%, reversing the previous quarter's decline of 0.3%, surpassing expectations of a 0.4% increase. Additionally, GDP (YoY) increased by 0.2%, rebounding from the previous...
This idea shows the performance of the Pineconnector DCA RSI strategy on the GBPUSD pair on all data of the H1 chart (past 3 years). Sharpe ratio: 1.4 Profitability: 70% Profit factor: 2.5 Sortino ratio: 492.1
GBP/USD, I feel a resistance and it has made lower lows. I expect a very strong sell-off after the announcement.
Hello traders, we want to check the GBPUSD chart. The price is moving in a downward trend and if the price pulls back to the specified resistance level, we expect this level to maintain the downward trend and the price will fall to around 1.24200. Good luck.
OANDA:GBPUSD ANALYSIS AND CHARTS - GBPUSD edged back into the green Tuesday - The UK’s March PMI saw upward revision, signaling the first growth in twenty months The British Pound slightly rebounded against the US Dollar on Monday due to unexpected strength in domestic manufacturing. However, the Pound remains below last week's trading range against the...
GBPUSD sold off this week, slipping below a technical floor at 1.2430 and hitting its lowest point since November. With bearish momentum prevailing, there's potential for accelerated losses in the short term, possibly prompting a revisit of 1.2320 – a major Fibonacci support level. Prices may bottom out in this area before reversing higher; but in the case of a...
GBPUSD mounted a moderate comeback on Wednesday, bouncing off support in the 1.2430 region. If the pair extends its rebound in the coming trading days, resistance awaits at 1.2525, followed by 1.2575 near the 200-day simple moving average. On continued strength, the next key level to watch is 1.2645. Alternatively, if sellers return and trigger a market selloff,...