HELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE At the close of ASIA INTO THE LONDON, TO NY PM SESSION * With a bullish run into Monday open today will be looking for some retracement. * looking at the daily last week friday failed to take high wich is a sign of weakness on GU. * even though the -OB is violated looking for a retracement. *...
HELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from INTRA DAY TIME-FRAME ANALYSIS GBPUSD 15 M TF * Friday opens with a sweep of NY lunch session highs. * Trading above the True Day OPEN confirming a Judas swing at play for shorts. * Seems we may see a reversal before continuation, with the CISD On the 1H. * GBPUSD took External...
The cable (GBPUSD for newbies) is definitely of my favourite pairs. My previous plan was just really accurate, and i am here sharing a short term plan. I expect a drop tomorrow that could lead the price below the short term trendline, and i think this drop could push the price lower. I expect a bearish trend till Friday morning, where we could see a possible...
I expect a pullback here on GBPUSD. I think the price is on the way for 1.254. This a resistance area where could maybe see a reversal pattern and the pattern could resume the bearish trend
Hi Traders! A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish; we have had multiple tests at...
After some back and forth price action, EU continuos to show news signs of bearish market from previous weeks. Expectations are on the charts, use lower timeframes and your entry confirmations to find bearish entries.
Hi Traders! GBPUSD is in a bear pennant pattern and is heading for the 4-week low at 1.20372 in anticipation of the FOMC press conference later today. Price Action 📊 The market is currently in the bear pennant pattern and is showing bearish signals with lower highs and lower lows; additionally, there has been a break and a close under the 20 EMA. We are now...
short cable on trend resumption. pull back to between 12220 trend resistance to 12250 FIB0.23 resistance. target 11930 stops above 12400. RSI to act in confluence, turn down around 40 level for validation. THEME expect UK macro data to disappoint contract to US data showing relative strength.
The Cable is getting ready for a deep bearish dive. Market is current bearish from the larger timeframes of 4 hour and above. On the 1 hour and lower, price is bullish, and we see prices rallying towards the 4 hour supply zone. Market has also shown some signs of early reversal at this level. If the market reverses here, we will be ready to go down with it. Our...
GU Engulf Short / LTF Double Top Short In Htf Resistance area potential reversal trade..
WE ARE BEARISH. THE DXY IS BULLISH. Therefore on a bearish day we expect price to IMPULSE to a AREA of Liquidity right above our Morning Zone before the dump in confluence with the DXY being BULLISH. WE EXPECT A DUMP TO THE 3RD OR 4TH SD. NARRATIVE: MONDAY JUNE 12, 2023 2:58AM EST Never Over Leverage. Large Trading Accounts are grew over time through...
When Price Breaks out of the MZ (Morning Zone) we have 64.1 pips to hunt to the 69pip extreme level which is the 4th Standard Deviation. That's your target. There is Genius in SIMPLICITY. I uncoded the script that the algorithm submits to EVERY SINGLE DAY> so much so I became the Algorithm: NOW I AM THE ALGORITHM. Never Over Leverage. Trust your set up and...
GBP/USD looks as if some weakness is creeping in to the chart. On the smaller timeframes we had a TEST of the resistance at 1.235 area during large session volumes, followed by a subsequent retest where it looks as if buyers are exhausted, as they have failed here to push above the resistance during multiple sessions. Looking for volumes to start pulling CABLE...
The bearish combination of a possible double top and broken rising trendline suggests GBP/USD will test the neckline of the pattern. If the double top completes, the price objective is 1.3120
We have caught wins on this name previously. Here we see a decent position to take again with an excellent Ratio of 4.37. This looks to be one of our foundational holdings in the current Market environment.
The GBPUSD pair appears to be displaying signs of weakness, with the upward bias on the 1-hour chart appearing to fade. If the price closes below the channel or trendline, I expect it to reach the 1.23250 and 1.231300 price levels. Share your thoughts on this and don't forget to follow me for updates.
The GBP/USD (British pound/U.S. dollar) is still bearish on the 4-hour chart but approaching a critical level of resistance that traders should be aware of. We'll be watching the 1.19428 & 1.19140 price range with an eagle eye for possible short-term reversal. We would love to have your opinion. Please comment below and like if you think this trading idea is worth...
There's a lot going on in the UK with a new finance minister (Jeremy Hunt) to unwind the actions of Kwasi Kwarteng who was replaced on Friday, now that was a short period in government after he created panic in the markets. And now we're going to capatlise on that again. But be patient, the markets could see this as a very favourable move into a safe pair of...