GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Could see price heading down, but do now 0.8500-10 is a key zone on the daily for EURGBP. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right...
Gbpusd made a double bottom after a strong downtrend that left inefficacies in the market. if we look at most recent p.a we can see price broke previous internal equal highs and grabbed liquidity. price started retracing down after breaking 1.26090(where equal highs were located.) which was the last major high. it also created a choch ob that is still unmitigated....
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26700 zone. GBPUSD was trading in an uptrend and successfully managed to break it out. Currently, it is in a correction phase in which it is approaching the retrace area at 1.26700 support and resistance zone. Adding a fundamental layer to our analysis, it's essential to...
FOREXCOM:GBPUSD Hello friends, I have identified the formation target, entry level, and stop level on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the...
Looking for the imbalance below Wave 4 to be filled, as buying momentum is slowing down & getting very choppy. Liquidity grab in bound. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Selling Divergence.
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2578, down 0.17%. UK retail sales were more than impressive, surging 3.4% m/m in January. This crushed the market estimate of 1.5% and followed a 3.3% decline in December. The reading was the largest monthly gain since April 2021. The sharp gain was driven by increased...
The GBP/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel Breakout: The price has been trading within an upward-sloping...
GBPCHF is trading in a bullish trend. The price recently broke and closed above a key horizontal resistance. The broken structure turned into a solid support. We may expect a pullback from the broken structure. I see a bullish breakout of a resistance line of a falling channel on an hourly time frame as a confirmation. Initial target - 1.113 ❤️Please,...
If the Dollar can hold its position we should get a bullish buck for the rest of the first quarter at least. Monitoring price for scalps on the way down on GU.
Today's focus: GBPJPY Pattern – Breakout Support – 188.25? 186.14 Resistance – 189.88 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart. After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers...
I'm anticipating lower prices on GBPUSD. The CPI move yesterday confirmed this bias. I am now looking for continuation lower. I don't believe price will move too much higher to fill the inefficiency. There is a signature Gap on the 4h timeframe that I will be framing this short on. Possibly adding confluence with a Judas Swing coupled with the Classic Tuesday...
Projecting price pulling back until 50% of previous Bearish impulse. A rejection in this area would allow us to keep searching for shorts until Next Liquidity
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to flat, where it first broke resistance level, which coincided with resistance area. Then GBP declined to support level and at once bounced up to resistance area, after which in a short time fell back. Price rose to resistance...
Looking for a break on either side of the consolidation we are currently in so that I can get some indication on what price wants to do. Sitting on hands until i see it.
GBPUSD at 4h time frame we have FVG area i think it will rise to FVG area and after FVG taken price instantly will drop to 1.25800-1.25200
The price action has recently tapped into the liquidity resting below the previous swing low, coupled with a break of structure on the 1-hour chart, signaling the beginning of a bullish trend. My strategy now involves waiting for an OTE (Optimal Trade Entry) retracement, coinciding with +OB on the 30-minute chart at the same level, aligning with our bullish bias.