Gbpusdtrade
GBP/USD :: Continue the process .GBP/USD :::
The price has some good support.
1- Trend line.
2- The bottom of the purple channel.
3- The middle line of the Orange channel.
Due to the presence of these supports, there is a possibility of price return, but the possibility of breaking the support range is low and it is expected that the price will increase after that .
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2900 LEVEL. Before that, you can SELL at 1.2148 LEVEL. So go for GBPUSD LONG ENTRIES.
Be sure to pay attention to the UK GEOPOLITICAL STATUS.
If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPUSD .
Here I expect bearish price action, as price filled the imbalance and took out buy side liquidity. We could see here a drop to 1.19500 as we have a huge imbalance that has to be filled.
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20 Reasons for buy GBPUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: bearish trape at yearly time frame at 38 years support level with a long wick
2 📆Monthly: Multi-month a strong downtrend with a lot of momentum, and currently, the market is in a corrective phase and also has some open area for upside continuation
3 📅Weekly: with a panic bottom break, previous resistance also retested the 38 fib level last week, indicating another strong upside move. Weekly structures also change in character
4 🕛Daily: Daily, a clean uptrend about to start their 3rd impulse move so that we can have an edge ride with it but with proper Risk to reward a 50% chance to win
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: rounding and a classic flag pattern
7: 3 Volume: high volume at every bullish candle, so bulls are in full control this time in the market
8: 4 Momentum UNCONVENTIONAL Rsi: Momentum is sideways, yet as the previous momentum is bullish
9: 5 Volatility measure Bollinger bands: middle band support also in the bullish phase
10: 6 Strength ADX: total sideways
11: 7 Sentiment ROC: GBP beats USD since 2 month
✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish
13: entry move: right corrective
14: Support resistance base: previous wick order block
15: FIB: wait, yet
☑️ final comments: we can buy
16: 💡decision: Buy
17: 🚀Entry: 1.2180
18: ✋Stop losel: 1.2085
19: 🎯Take profit: 1.2837
20: 😊 Risk to reward Ratio: 1:7
🕛 Excepted Duration: 1 month
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.