GBPUSD May get back to 1.29 soon after a strong rejection to the upside on the 8/4 hours charts.
Upon bad inflation results, the price of EURGBP might retrace once more to the 0.85 levels soon, I believe
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85800 zone, EURGBP did broke up the 0.85800 support are and now we are watching a potential retest of that low. Trade safe, Joe.
Now GU has shown us that it is ready to move bearish. Now looking for a decent pull back for entry on a position. Hoping that we can get for London so a possible nice Sell opp coming for NY session.
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.08600 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 185.200 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 185.200 support and resistance area. Trade safe, Joe.
Thanks @oktane for this GBPAUD trade!!! 🤩 INSTITUTIONAL SELLING RANGE (ISR) @ 1.9125 RESISTANCE @ 1.9050 TP4 @ 1.9015 (closing ALL Buy Orders) TP3 @ 1.8875 (shaving 25%) TP2 @ 1.8785 (shaving 25%) TP1 @ 1.8650 (shaving 25%) BLO2 @ 1.8540⏳ BLO1 @ 1.8466 ⏳
Continuing to consider the pound in a short direction, the main targets in the form of daily equal lows have not been reached yet. I prefer not to trade outside of OTT, but will seize market opportunities if presented.
1.) monthly candle formation bearish 2.) weekly resistance level 3.) daily liq. 4.) 4h divergence 5.) holding 4h level 6.) failed for higher high 7.) strong 4h liq.
Safe to say I'm simply using technical on the move made by gold. I typically look to trade the inverse of Gold when the move happened before I cold catch it. ( not 100% fool proof)
Everything lines up for a great sell opp. But I need to see a nice pull back for entry and a high made mid week in order for me to be interested in selling. Im watching orderflow and all is lining up so far. Will wait for news before pulling trigger.
A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
Analysis of the British pound against the Australian dollar currency pair The market is in 5 ascending waves, and by completing the 5th wave, the ability to correct downwards will be provided Resistance range 1.91550 and 1.92000 The important number is 1.90300 Main support 1.88500
This is a moment I've been waiting for. As I have been monitoring GU On the Yearly chart looks like price spent all of 2023 Retracing and 2024 will be a very Bearish year. So we are starting off the year right getting in to move with the trend!
Factors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like...
Until price continue holds the 1.2720 level, i would be looking for buying opportunities on intraday timeframes, or if price come to 1.2795 major support level and shows the depletion in bullish momentum, i would be looking for Sell opportunities on intraday timeframes
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.89900 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.89900 zone. Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) figures could play a pivotal role in the...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long. Do check out my stream video for the week to have...