GBPUSD Next week expectation #GBPUSD Next week..!
After ending Friday the pair broke the 4H support level 1.2712 - 1.2703 area. Currently running between the Decending Channel.
Next week the price will retest the above resistance area. Once the bear market is retested. Wait for selling the gbpusd as a swim trader. Scalpers can get selling in 1.27014 to 1.2657 level.
*My expectation not suggested.
Gbousdforex
GBPUSD ShortThe Pound Sterling tumbled against the US Dollar on Thursday after the US Department of Labor announced a rebound on inflation on the producer side that could dent the Federal Reserve’s easing policy. Therefore, the GBP/USD edges lower, trading at 1.2748, down 0.38%.
The daily chart portrays the pair has broken the previous weekly low of 1.2744, but a daily close below that level is needed, before the Pound Sterling weakens further. In that event, the next support would be 1.2700, followed by fresh lows at the 50-day moving average (DMA) at 1.2685. On the other hand, if buyers reclaim 1.2800, look for a test of weekly highs at 1.2823.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBPUSD 360pips FALL INCOMING!!! GBPUSD showing a lot of weakness, currently this pair is oversold, we got a DOUBLE SHARKFN on H4 and we are hitting the 200ema on H4.
We are looking at a continuation setup here and to position for the next IMPULSE LEG we have to wait for GU pullback back up to the PMthH level for a SHORT.
#1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT ONLY when GU pullsback to PMthL (Possible H & S )
INVALIDATION
Exit all SHORT here when GU breaks and CLOSE above the PMthH.
TARGETS
First TP on GIU is 1.23500 or until DXY reaches the 200ema on D1.
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
Short position for GBPUSDshort position for the GBPUSD according to the composition of price action and the current fundamental conditions of the world. All points in the image are clear. The analysis may be violated if there is a significant change in the world and war and government policies. We have an acceptable risk/reward.
GBPUSD - Global vision On the side volume you can see that the bulk of the volume has passed at the bottom.
I think we will see a trend reversal.
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Now we are on the upper boundary of the sidewall 1.35 - 1.20.
Exit from the zone will be a good medium-term point of entry for a couple of months.
You will need to gather the courage to sit out all the movement.
Accumulation was almost 5 years. The way out of such accumulation is worth waiting for.
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Trend line breakthrough.
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Bearish trap
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You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.