Gbp-usd
GBPUSD Potential for Bearish Continuation | 5th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.21260, to clear the liquidity and where the 38.2% Fibonacci line is. Stop loss will be at 1.22419, where the 61.8% Fibonacci line is. Take profit will be at 1.19002, where the previous swing low and liquidity hotspots are.
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GBPUSD H1: Bullish outlook seen, further upside above 1.2000On the H1 time frame, prices are showing bullish order flow and a throwback to the support zone at 1.2000, in line with the Fibonacci confluence levels could present an opportunity to play the bounce to the resistance zone at 1.2080. This resistance zone coincides with the 78.6% Fibonacci extension. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
GBPUSD Potential for Bearish Continuation | 4th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my sell entry at 1.20018, where the 50% Fibonacci line is. Stop loss will be at 1.20851, where the recent high is. Take profit will be at 1.19002, where the previous swing low and liquidity hotspots are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBP/USD:BUY From Support Area SHARK Pattern LONG SetupGBP/USD Shark pattern Formation after the aperture of the US session market this morning. The price in the morning had a massive drop but we are looking for a Pullback on this pair. We have recognized a Shark pattern with the Stochastic in oversold.
GBPUSD Potential for Bearish Drop | 3rd January 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my sell entry at 1.20986, where the 23.6% Fibonacci line is. Stop loss will be at 1.21919, slightly above where the 38.2% Fibonacci line is. Take profit will be at 1.19402, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBP/USD:SELL From Resistance Area For A New SHORT SetupGBP/USD inside a Sideways area, the price rebound from the Resistances areas to the supports. The price comes from a strong rally uptrend in the higher timeframe that in the last sessions seems arrived at the point of retracement with a bearish impulse. We are Looking for a Short impulse.
GBPUSD HOLDINGS 1.23I still am expecting to reach the Target of 1.23 as TP from last week trade this just a little update on how its going.
currently up 70pips from last weeks trade - ill tag the idea here to so u can see the sniper entry of it.
I do expect GBPUSD to fly sky high for next week. IDEALLY we want to be out before the RED FLAG news kicks in. but if there prices are still the same well hold through out the NEWS.
GBPUSD 1.22 PARTIAL suggest u take to cover SL. (130pips away)
TP 1 @ 1.23 305PIPS MOVE
TP 2 @ 1.24 505pips move
💷💵GBP/USD Continues Declines💷💵💷💵GBP/USD Continues Declines.
💷💵Funt is once again turning southward. Without making any significant upward corrections.
💷💵Looking at the technical environment, it's hard to talk about the dominance of buyers here. Everything indicates that there is a higher probability of a continuation of declines.
💷💵The scenario I'm playing out is still unchanged, I still expect the declines to continue, and I expect the price around the support zone in the coming weeks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBPUSD Potential for Bearish Drop | 30th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my sell entry at 1.20848, where the previous swing low is. Stop loss will be at 1.21919, slightly above where the 38.2% Fibonacci line is. Take profit will be at 1.19402, where the previous swing low and 161.8% Fibonacci extension line are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPUSD Potential for Bearish Drop | 29th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my sell entry at 1.20848, where the previous swing low is. Stop loss will be at 1.21919, slightly above where the 38.2% Fibonacci line is. Take profit will be at 1.19402, where the previous swing low and 161.8% Fibonacci extension line are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
💷💵GBP/USD Continues Declines💷💵💷💵GBP/USD Continues Declines
💷💵This post is a direct continuation of my last post:
💷💵As you can see, there was an attack on the resistance zone, which perfectly stopped the price from further increases.
💷💵This only strengthened my downward perspective, which I have been writing about for some time now.
💷💵Still waiting for a descent to the vicinity of the 0.382 level of the entire upward wave from the bottom to the current peak.
💷💵Looking at the technical environment. MACD, RSI and the fact that we are under the 50 and 200 moving averages. I have no doubt about the higher probability of my scenario.
💷💵The scenario remains unchanged I still expect to go down near the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBP/USD:SELL From Resistance Area For A New SHORT Setup GBP/USD still inside a Bearish channel where in the last hours the price has configuration for a new bearish pullback on the resistance area where the FIBO level are placed with the levels 38.2% and 50%.
The stochastic is already in Overbought with divergence.
Today Key events:
USA – Pending Home Sales (MoM) (Nov)
Will the trend continue?In the weekly time, a diagonal ending was completed and after the 5th wave, we had a impulse wave from 1.03803. Currently, it seems that we are in wave 4 of wave (3) of the impulse pattern and we expect that after the time correction of wave 4, we will have an upward movement in the form of wave 5 and wave (3) of the larger pattern will be completed.
If the level of 1.17492 is broken, the analysis will be violated and invalid