Monday: GBPUSD - Week 32Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Gbpusd_forecast
GbpUsd under supportI monitor GbpUsd for a week now and expecting a break under support.
At this moment it looks like we have this break and the pair is ready to dive.
In my opinion rallies towards and slightly above 1.39 should be sold and 1.3750 support could be the target.
As I said, only GbpUsd above 1.4 would change my bearish opinion
GBPUSD-short#GBPUSD
In the 1D timeframe, GBPUSD has broken out of bullish and has completed retest so now the trend is bearish in long term.
While we are looking at the H1 timeframe market has fallen from strong support after that has formed an ascending correction. So it is confirmed market will go for sell up to the next support level.
Note: Analysis is just for educational purposes, not financial advice.
GBPUSD-short#GBPUSD
In a larger timeframe, GBPUSD has broken out of bullish and has completed retest so now the trend is bearish in long term.
While we are looking in H1 timeframe market has fallen from strong support after that has formed an ascending correction. So it is confirmed market will go for sell up to the next support level.
Note: Analysis is just for educational purposes, not financial advice.
Thursday: GBPUSD - Week 31Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
GbpUsd failed once moreAs I mentioned in my previous analysis, 1.4 should provide a strong ceiling for GbpUsd.
Yesterday we have a strong reversal from 1.3960 proving that rallies are sold and the pair is ready to fall.
At this point, GbpUsd is trading at support and the pair is waiting for a trigger.
A break here should accelerate losses and 1.3750 could be the target
Wednesday: GBPUSD - Week 31Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
GbpUsd- 1.4 is VERY STRAONG ceilingGbpUsd failed again in its attempt to pass 1.4 zone.
Last week was closed with a nice bearish engulfing which can be a sign for a new leg down.
Rallies should be sold in my opinion and traders can target 1.37 zone support
A daily close above 1.4 would negate this scenario
GBPUSD Long into 1.38000Confluences
A. Major Key level
b. FIB 38.2% (Most likely since previous daily closure was Bullish engulfing shooting star)
-another reason why 38.2% might rejected and reverse is that there is a Liquidity in 1HTF
c. Quarter points .750 (If reversal happen @ price of 1.36750)
d. Daily engulfing shooting star
GBPUSD BullishGBPUSD create in daily Lower Low & RSI indicate Higher Low! So, its a clear strong Bullish Divergence!
1st TP 1.374xx
2nd TP 1.379xx
GBP/USD has hit a fresh five-month low as worries about the Delta covid variant rise. GBP/USD's tumble below the 1.359xx it was also exacerbated by the risk-off mood in markets, which favors a light to the safety of the US dollar. The delta strain is spreading rapidly all over the world, causing investors a rethink the economic recovery. The dollar's breather early on Wednesday and cable's inability to take advantage of it is a bearish sign. A currency pair that cannot recover is set to tumble.
Advanced vaccination campaigns in the US and especially the UK should keep hospitalizations and deaths at low levels – this wave is far less deadly than the previous ones. However, the suffering has yet to peak – it is still not the time to buy the Delta dip.
Sterling was also hit by dovish comments from Monetary Policy Committee member Jonathan Haskel, who prefers refraining from tightening. Brexit issues continue weighing on the pound. The EU and the UK remain at loggerheads around the Northern Irish protocol.
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GBPUSD - Zone RespectPrice respected the huge marked out order block from yesterday but has had trouble departing from there.
I would like to see price mitigate minor time frame imbalance before bouncing from the 5M OB marked to the upside.
If we see no rejection from that point buyers are invalid and sellers have won the battle.