Hi! Still a rookie on technical analysis, would like to some feedback on this. From what I can assume is that there will be a short bullish retracement even though GBPUSD is on a long term bearish trend. Any feedback or critics would be appreciated!
Just like with EU I use the daily swing as the bias for my trades but also keeping in mind that the weekly and monthly are both bearish
Hello friends, According to the previous analysis, we reached the bottom of the channel. We expect to have an upward movement from here to at least the midline. Good luck.
Hello traders how are you as you see my last orediction on gbpusd is on perfect 80+ pips take profit enjoy!!
GU/ Swing trade. Hit tp in 4 days before (180 pips). 1:4 R,R. Bearish ICI set up on Daily
As you can see on the chart, we have a clear market structure in Higher Time Frame. I noticed that it has the same bias last tuesday. Upon checking , I see an IC within the move of NY yesterday. I waited for its validation during asian session and then entry at London Open with SL at 50% of OB (check the chart). RR: 1:8 Distribution Schematics. Target...
GU/ Swing trade. Hit tp in 4 days before (180 pips). 1:4 R,R. Bearish ICI set up on Daily
From my point of view it is in the end of wave 4 or beginning of wave 5 (wave 1 of 5). Based on this analysis my SL will be moved to above wave 4 (1.2810) Please share your idea and opinion about Elliott waves as I am currently studying this technique. It is for sharing idea and getting help from experts. Please dont use it as a signal.
Hello traders, Here is my EW Analysis of the GBPUSD Currency pair. Market Sentiment and Wave Count: My bearish sentiment on GBPUSD remains intact as the price continues its downward movement, It is important to note that the price recently encountered strong resistance at the 1.2746 level, a development that underscores the strength of sellers in the...
Based on my chart analysis it goes down from 1.2750: TP 1.24 and SL 1.2840.
It's been over a month since I opened my first sell position and it's still active. My knowledge of technical analysis supports my idea and I think it will go south to the final destination around 1.20/1.19 (but not below 1.1780) sooner or later. But Trend is the boss and whatever it says is acceptable. By hitting SL I can admit I lost.
GBP/USD: A Tug of War Between Dollar Strength and BoE Expectations Introduction: The GBP/USD pair finds itself in a tight spot, wrestling between the resilience of the US Dollar (USD) and the expectations surrounding the Bank of England (BoE). Recent trading has seen it hovering around the 1.2570 region, reflecting the delicate balance in the currency market....
In this trade, we are looking at GBPUSD based on the stretch principle. We have put a pending order entry where the low was for today as in the chart image. We are taking the trade according to our smart money framework indicator, our trend alignment with the the higher timeframes and with alignment with the VSA lite indicator. GBPUSD(Short) Pending Order E -...
Like I said earlier today GU bearish base on what I outline .
DXY bias is bearish GBPUSD HTF bias is bullish Price is below the HTF and LTF equilibrium. Still looking for a bullish price, but it move down to take discount array before moving up. Waiting for SSL 1H to be taken, or will wait and see if on 15m TF it will form an equal low. If it will, I will also be watching that as a discount array
GBPUSD - Bearish Trend with Entry, Stop Loss & Take Profit.
GBPUSD stabilizing above 1.2599 will support rising to touch 1.2670 then 1.2698 then 1.2724 stabilizing under 1.2518 will support falling to touch 1.2513 then 1.2457 Pivot Price: 1.2518 Resistance prices: 1.2670 & 1.2698 & 1.2724 Support prices: 1.2513 & 1.2457 & 1.2410 timeframe: 4H