Preferred direction: BUY Comment: The British currency is also expected to boost amid the publication of US CPI data . This is the most likely scenario and is indicated on the chart as scenario №1 . Login is expected just before the data is published. One can especially consider buy-position through pending orders if the price immediately falls to 1.25396...
Here on GBPUSD price has be moving down after the previous breakout so now forming a little downtrend so it like to break the trend and start going up so it expecting to wait till after the brakeout before going for buy so the expected targeting profit should be around a psychological level of1.27000. It also advisable to use money management .
Market broke Daily LHs turning overall structure Bullish Entry at Daily and Weekly AOi Weekly and Daily at the same AOi Weekly Rejection Candles Daily Rejection Daily EMA retest Around Psychological Level 1.26000 H4 EMA retest H4 Candlestick rejection Rejection from Previous Structure Point SOS 1:5.26 Entry Signal 95% REMEMBER: Trading is a Game Of...
Bos on the long side. Market set to for another wave from below 👇⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Greetings everyone, Today, GBP/USD surged higher to nearly 1.2540 thanks to better-than-expected Gross Domestic Product (GDP) data from the United Kingdom in the first quarter. The upward momentum is further supported by the convergence between the EMA 34, 89, and the current support level. The price target above the resistance level at 1.255 is being aimed for!
My First Chart Markup 1) Markup of the Asian Session. 2) Price Sweeps the Asian Low in the london session. 3) Price hits the demand zone 4) Price goes to the upside into the supply zone 5) 5m choch to the downside 6) Entered a Short to target the Asian Low Error: TimeZone was accidently UTC instead of UTC +1 so chart would be marked up differently
The price of the pound is weak as seen on the 4hr chart price is going to create a possible H&S pattern @ 1.25500 before the drop.
Gpbusd is on the downtrend and then pull back to buy breaking the downtrend line and creating rooms for buyers to have the say, after breaking out we belive ut will have a retest om the downtrend line before it finally say yes to the longer candle sticks, may the pips be with you
The downtrend has been confirmed after a break of 1.2466. We have just seen the Official Bank Rate in the GBP, the news summary is below: Bank Rate held @ 5.25% Monetary policy is working as expected and inflation is expected to reach its target of 2%. However, they do not feel the time is right to cut the interest rate. Andrew Bailey said he cannot...
The Cable (GBP/USD) is reacting off the pivot an could potential drop to the 1st support. Pivot: 1.2565 1st Support: 1.2473 1st Resistance: 1.2633 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Hello Traders, Currently, we're observing a temporary retracement into a H1 bearish order block, which holds significance due to several key factors: Liquidity Void : The order block is preceded by an inefficiency in price movement, indicating a potential area where liquidity needs to be filled. Institutional Alignment : The order block coincides with an...
Greetings Traders! In this comprehensive video, I will provide in-depth analysis of the DXY and GBPUSD pairs, offering valuable insights for the upcoming week in trading. Both of these currency pairs have reached critical junctures, necessitating a thorough understanding of potential price movements and the need to adjust trading strategies accordingly....
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.
Opening Range Breakout Strategy The Opening Range Breakout (ORB) is a classic trading strategy designed to capitalise on volatility during the first few minutes following the market's opening bell. Rooted in principles laid down in the 1960s, the strategy remains relevant today for both stock and forex markets. This article dives deep into the ORB strategy and...
Greetings Traders! Join me in today's video as we dive deep into the GBPUSD analysis, exploring what to expect in today's trading session. This analysis holds significance as it sets the tone for next week's trading as well. We've reached a critical juncture on the GBPUSD chart, so it's essential to understand what lies ahead. Stay tuned for valuable insights,...
Hello,Traders! GBP-USD keeps growing But the pair is locally Overbought so after it Hits the horizontal Resistance of 1.2707 We will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I believe we are about to see GBPUSD go to the 1.27 region after testing liquidity and taking it at the 1.248 - 1.246 area. After a move to this area of liquidity (1.248, 1.246 area) we will begin to move upward So an entry of 1.2478 is a good entry point with a SL of around 1.243 and TP regions of 1.254, 1.256, 1.26, 1.263 and finally 1.27