This week's forecast for GBPUSD involves waiting for additional selling pressure to occur before considering buys around the two nearby demand zones I've identified (10-hour and 11-hour). Following the recent reaction from a 7-hour supply, as the price is currently descending, I am anticipating the exhaustion of selling pressure and the accumulation of...
Hi Traders! The GBPUSD 2H chart looks bullish and is targeting the monthly trendline resistance. Here are the details: After recovering from monthly lows, the market is now on a steady incline, showing swings of higher highs and higher lows. The market has also recently broken and closed above the 20 EMA. Our plan here is to buy market dips and target an exit...
The current bias for GBPUSD this week is interesting, particularly as it has once again broken structure to the upside, enhancing the favourability of a bullish bias. At the current price, our focus as traders should revolve around how to capitalise on this development. Notably, there are two demand zones (11-hour and 3-hour) that triggered this impulsive upward...
This is a simple 3RR Long Setup on GU. We can see a bullish trend on the 15m chart and I am using liquidity that is build up around the 15m Demand Zone. Use your own risk management.
FX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger...
General GBPUSD fell through the first big support zone (Zone 2) unless a reclaim i am not gonna look for longs currently. Personally waiting for price falling deeper into Zone 1. Marked 2 Scenarios that i would want to see to develop. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly correct...
H1 - Strong bullish momentum. Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
This is for short term Marked Possible Buy zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
making another entry following the trend hoping that it manipulates the Asian session
For today's GU breakdown I will be looking for buys from current price as it has tapped in a nice 6hr demand zone that has caused a BOS to the upside. As we have seen from last week's GU analysis we did anticipate scenario (A) to play out and it did so perfectly. Now, we are looking for buys back up as it has filled in the major imbalances left from before. On...
GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price...
From the analysis on the H4 chart, it's evident that the price has recently rebounded from 1.2326, marking it as a retracement support level. Our target is set at 1.2361, which is identified as a retracement resistance level. We've also established Support at 1.2267, a level characterized as a retracement support.
GBPUSD breaking the nearest resistance. This pair has positive correlation with EURUSD which looks alike price movements. It's now on "QM Buy" zone, consider to looking for buy opportunity. Safer entry after trendline breakout. It's time to buy?
1D Timeframe Transitioning from a bullish to a bearish trend. Awaiting confirmation by the market to break the IDM (Inducement) level before proceeding further to the downside. Alternatively, managing overbought conditions (OB-s). 15MIN Timeframe Shifting towards a bullish direction. Looking for market confirmation to breach the IDM level before considering...
Aug 28 Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding...
The GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame. The GBPUSD is set to rise to retest the hypotenuse...
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
Hi fellow traders, GBPUSD looks ready for a buy opportunity from the blue box area after completing this ABC correction. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!