Cable (GBP/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.3260 which is a swing-high resistance. Stop loss is at 1.3318 which is a level that sits above the 127.2% Fibonacci extension level. Take profit is at 1.3103 which is an overlap support. High Risk Investment Warning Trading...
Cable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.2812 which is a pullback support. Stop loss is at 1.2767 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.2887 which is an overlap resistance that aligns with...
Cable (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2871 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 1.2899 which is a level that sits above the 38.2% Fibonacci retracement level and an overlap resistance. Take profit...
Cable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.2691 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.2633 which is a level that lies underneath a pullback support. Take profit is at 1.2811 which is a pullback resistance. ...
My brief insight into GBPUSD after the BOE interest rate decision yesterday. Interest rate stayed the same and price eventually moved in-line with this sentiment. As price has corrected against the pre-dominant bearish trend, this is only a short term move.
Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD. Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful...
The Pound (GBP/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.26119 which is a pullback support. Stop loss is at 1.25550 which is a support level that sits under the 100.0% Fibonacci projection level. Take profit is at 1.26948 which is a pullback resistance that aligns close to the...
On the 1 hour, we have seen how the market has danced back and forth in the past few days. In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside. Following the bullish shift, we witnessed the market...
GBPUSD is falling towards the buy entry at 1.26703 which is an overlap support and could potentially reverse from this level to bounce higher. Stop loss is at 1.25865 which lies below a swing-low support. Take profit is at 1.27794 which is an overlap resistance that sits under the 50.0% Fibonacci retracement level. Please be advised that the information...
GBPUSD is falling towards the buy entry at 1.26993 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 1.2640 which is an support that sits under a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% projection levels. Take profit is at...
Based on the H4 chart analysis, we can see that the price has bounced off our buy entry at 1.27828 which is an overlap support level that aligns with 61.8% Fibonacci retracement and 61.8% Fibonacci projection levels. Our take profit will be at 1.29464 which is a pullback resistance level. The stop loss will be set at 1.25991, which is an overlap support...
Based on the H4 chart analysis, we can see that the price is approaching our sell entry at 1.30009, which is an overlap resistance that aligns with 61.8% Fibonacci retracement level. Our take profit will be at 1.28778, which is a pullback support level. The stop loss will be set at 1.30616, which is a pullback resistance that aligns close to the 78.6%...
GBPUSD has hit the buy entry which is an overlap support that aligns close to the 61.8% Fibonacci retracement level; momentum could carry price higher. Take profit is at 1.29899 which is an overlap resistance. Stop loss is at 1.26949 which is an overlap support that aligns close the 78.6% Fibonacci retracement level. Please be advised that the information...
Price is testing a major overlap resistance and at the same time, seeing a bearish descending resistance line continue to weigh down on prices. A reversal from here could see prices drop all the way to the 1.2606 level - but take note that there's a risk level at 1.2659 which acts as our intermediate support. Please be advised that the information presented on...
From a straight forward technical analysis, the resistance that we have been fighting is a weekly area, but the direction is still strongly on the bullish side. Keep it simple so you can get your job done faster. Silent
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
IN this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives tot arget