Gbpusdidea
GBPUSD LONGAs GBPUSD break its downwords cycle, One can easily take buys upon its supply zone. Wait for the market to come in supply zone and triggre a Buy. Avoid taking Sell possitions in a Long trend. Currently , market is in a consolidation phase. but you can enter Long possitions in order to secure some profits.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/USD Weekly Short Strength ConfirmedHey Guys!
The Gbpusd Weekly chart formed a Fake Double Top last year which reached its target height level last week. Indicating strong weekly short strength at least to a monthly upward trendline at 1.2247.
Considering this is on the weekly chart, a set up like this is quite rare. So although I will be trading through biases long or short like usual, I much rather
have short biases form so I can trade along with this weekly short momentum.
Just a heads up guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
GBP/USDThe Russian invasion of Ukraine has produced a major shock in Europe. The British Pound and Euro have already been in long-term bearish trends but the threat of a war breaking out involving NATO in Europe, though slim, has clearly impacted European currencies except for the Swiss Franc which tends to act as a safe haven. The economic fallout from the sanctioning of Russia has also had a major impact.
Friday’s close in this currency pair was the lowest seen since October 2020, with the price ending the week at a new 16-month low, well into blue sky.
It is very likely that the price of this currency pair will fall again over the coming week, especially if Wednesday’s FOMC release boost the US Dollar, which is breaking to new long-term highs.
gbpusd trade against the trend !! after the full TF analysis, our team decided to buy
** NOTE **
if the price breaks the downtrend
we will look for buying opportunities
but till now we are still in bearish momentum
so, keep ur eyes on smaller TF for a momentum shift
************ like and follow for more ************
GbpUsd can drop to 1.25After 2 false breaks above the falling trend line at the beginning of January and again at the beginning of February, GbpUsd has resumed its downtrend and yesterday has broken the very important 1.32 horizontal support.
In my opinion, cable will continue its fall and 1.25 can be the target.
Sell rallies can be a good strategy and 1.32 can be a good zone to look for entries.
Resistance extends to 1.33