The GBPUSD currency pair is currently experiencing downward pressure and has reached a significant support level. In the accompanying video, we will explore a couple of trading ideas that relate to a potential selling opportunity. Our discussion will encompass various elements of technical analysis, including analyzing the prevailing trend, assessing price action,...
GPBUSD has broken an important support to resistance and in addition to that it shows some strong sell momentum. We can expect a retest and sell it from that retest.
Trade Rationale: In this trade, we are eyeing a potentially lucrative opportunity on the GBP/USD currency pair. Our strategy revolves around a well-defined technical setup that combines a breakout from a key demand zone with the anticipation of a significant pullback. Entry Reasoning: The foundation of this trade lies in our analysis of the chart, where we've...
I was wrong on the move yesterday; I was looking for a move higher for a short or a long from a strong support below. But I faded the overall trend, which was down (based on the zones). The level I gave gave a bounce but the news lead to further selling, to the bottom of the WBZ before price stalled. What's next? The MBZ should give a bounce with an upside to...
DXY bias is bullish GBPUSD HTF bias is brearish Price is moving down and could continue to move down to take BullOB W
DXY bias is bullish Institutional order flow is bearish, price is moving down and could continue moving down to take the BullOB W. But since price has just taken SSL D and is currently at discount, it could reverse from here
Looking at the daily timeframe, it was clear that the GBPUSD pair had a bearish bias. In light of this, our focus was on potential selling opportunities, and we identified two key areas for consideration: 1. The breaker area , which typically coincides with the 50% Fibonacci level (indicating equilibrium). 2. T he order block area , often found at the...
key points, why I took this trade: -GBPUSD closed above the support level of 1.24866 -bearish divergence on 15 m timeframe - price reversed , by giving respect to 15m bullish Ob - entry based on .7 fib OTE level these 4 points are strong evidence of market structure shift I post these for my trader brother, please appreciate by clicking on follow and...
British Pound supported at $1.25? The US dollar index is poised to reach a new multi-month peak. Contributing to DXY’s rise the most is the GBP/USD, with the pound losing 0.45% against the USD due to recent comments from the Bank of England’s governor. On Wednesday, Governor Andrew Bailey spoke in front the Treasury select committee, saying " I think we are...
Title: Midweek Analysis for GBPUSD: Navigating Market Volatility Introduction: The midweek analysis for GBPUSD reveals a market grappling with heightened volatility and key economic events. Traders are closely monitoring this currency pair, which remains influenced by a multitude of factors, including economic data releases, central bank policies, and...
After today's data confirmed an expansion in the American industrial sector, the pound lost ground, bringing the exchange rate to the 1.25 zone. However, when analyzing the exchange rate, I notice a bearish structure but with significant potential for a long position. More specifically, it can be observed that the price has broken the swing low at the level of...
We've been in a accumulation and we still bearish, because the last week the pair filled a 4h BPR+OB Inefficiency and made a Liquidity Sweep and did a rapid rejection to the down side breaking a FVG 4h and it could use it as a resistance and giving us possible shorts positions. I think this will be the panorama for this week, but I think that we will have a slower...
In consideration of dollar topping I will make a small long entry into pound if it reaches my target. I have avoided going long pound because it looked like trouble but its been hanging around this for a while now, forming a more solid basing structure and if/when dollar falls it will bounce. So I will only buy if it reaches my target that is deep relative to...
Dear Colleagues, I assume that the price is completing the impulse wave 3. I think that the nearest target at reaching 100% Fibonacci extension level 1.24883. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GBP looks very much in the direction of the trendline, it seems to have followed the down trend and then down and up to follow the demand and then back to the supply area, The area for the nearest supply of GBP at 1,257 and also 1,263, if from me it is usual to sell in instalments in the nearest area of 1,257 then at 1,263 and you can buy in the area of 1,250.
After the formation of a Head and Shoulder pattern, a noticeable zone housing both supply and demand orders... which way do we go... Let the market show it's hand
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