I'm looking for it to either brake it or make it! My outlook is bearish, but its still going to go up and down just trying to catch my pips and leave to trade another day. IF it brakes my SL just know that I'm getting on a buy. I'll keep yall updated!!!
GBP has given a break of structure (BOS) in an upward direction, so, we will look for buys. here is my view on gbpusd. Happy Trading
GBPUSD is waiting to gather inducement. Wait for the price to grab the inducement and come to next demand zone for confirm long entries. As the price has already given a break of previous structure which confirms its bullish trend. Happy Trading
GBP/USD Eyes 1.2800 Amid Dollar Weakness and UK Retail Sales Surpass Expectations In the European morning on Friday, GBP/USD is on a positive trajectory, setting its sights on the 1.2800 level. The US Dollar (USD) is consolidating its recent losses as the year comes to a close, with divergent Fed-BoE policy outlooks playing a pivotal role. As thin trading...
This is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel...
Pound has given a clear Break of Structure. You can take long trades from here Happy Trading
Looking for a rejection and a further move down. I am still very bearish on GBPCAD on daily and higher time frames. As price short up pretty hard today we might see a big bearish day tomorrow. Let me know what you think!
GBPNZD has risk structure wise a good high profitability setup coming. When price enters this zone I will be looking for short setups as price has been in a big downtrend. More ideas coming up! Let me know what you think!
GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up. By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence. At the same time, this is the top of an emerging Channel Down. Trading Plan: 1. Sell on the current...
GBP/USD Extends Recovery on Upbeat UK Retail Sales, Targets Set for Further Bullish Momentum The GBP/USD pair continues its recovery on Friday, propelled by the positive impact of robust UK Retail Sales data for November. The Office for National Statistics (ONS) reported surprising resilience in households' retail spending, defying expectations of a sharp...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline in falling channel, where it fell to support area, which coincided with $1.2530 support level. After this, GBP bounced from this area and made strong upward impulse, thereby exiting from channel. Also then, price entered to...
Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.02000 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.0200 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26500 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26500 support and resistance area. Trade safe, Joe.
In today's trading session, our attention is centered on GBPUSD, as we actively monitor a potential buying opportunity around the 1.27200 zone. Previously entrenched in a downtrend, GBPUSD has undergone a notable shift, transitioning into a correction phase. The currency pair is presently converging towards the retrace area at the critical 1.27200 support and...
GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the...
Hello traders, Let's delve into the GBP/USD analysis with a focus on supply and demand dynamics. To grasp the current situation, take a moment to examine the 4-hour chart. . Key Levels: A break below the 1.2620 level could trigger a bearish setup, leading towards 1.2695 and following the yellow path. Additionally, consider the potential for a sell setup...
🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel . 💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴. 💡Also, these two Bull Traps formed a Double Top Pattern . 🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is...
GBPCAD long setup coming soon. Big daily and 4h support zone! Let me know what you think!