Today's price action on the GBPUSD was more of an indecision day, although still bullish in the long term. My area of interest is the 1.2520 level where I'll be looking to buy. It's a significant level, in my opinion, which hasn't been tested since we broke above it yesterday. The S2 Pivot Point falls in line at that level where I'll be entering with a 1.2610...
Hey traders, bullish weekly candle and important key level can push the price up further
Hey Traders, Some visible patterns of GBP. Bearish in more probable.
Hey Traders, Bullish channel breakout + weekly Doji candle + 2T pattern. High probability reversal setup
According to previous analysis, price makes a fake breakout (FO), so we expect downward sharp momentum.
Hey Traders, Weak breakout according to last week candle and daily wave momentum near HTF key level. Bearish is more probable.
HI Dears If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario. I will tell you the reason by the RTM method. The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend. After that the price...
The possible scenarioes of Pound/Dollar is indicated on the chart, pay special attention to the supply and demand levels indicated on the chart! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.03.2023 ⚠️(DYOR) ❤️ If you apperciate my work ,...
Hey Traders, Bullish Compression on Cable. Bearish is more probable, but we need more signals, Still Bullish.
Hey Traders, Two 3Drives near HTF Reversal Zone. Bearish is more probable, as mentioned earlier.
Hey Traders, Stop Hunting Pattern. UpTrend is more probable.
Hey Traders, HTF Reversal Pattern. Bearish is more probable.
Expecting Pound to continue bullish higher which might break through 1.24500 on final week of March 2023
Bearish on GU, I want a stronger low to be put in before I am convinced of sustained bullish price. Expecting a drop after last week's high is violated. Here are the levels I find interesting at the moment. This is in line with my bullish DXY outlook.
On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by...
Hello traders, Today we will do an analysis for GBPUSD. This pair is in a down trend on the daily timeframe that started on the 23th of January. Now, it is doing a corrective move from the last big impulse to the downside. The most probable scenario for this one is a pullback to the blue rectangle marked on the chart that coincides also with 70,5% retracement...
Hello traders, The higher probability scenario for GBPUSD in the coming week is a correction to the upside and then a continuation to the downside. The area where the reversal is most possible is highlighted on the chart. Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend...
GBP/USD looks good to hit the target within this range it's currently in. Good bounce-off Demand/support. Cut trade and short below if the price starts to break down and fails to hold.