Price is in a bullish trend as it has been breaking highs and respecting lows. It broke the previous high and receded to consolidate for some time before breaking further structure with decent momentum. Due to the nature of this break, price could use the latest strong low as liquidity to reach for a Golden zone within our fvg that was previously unmitigated...
Here is my latest structure analysis for GBPUSD. Horizontal Key Levels Support 1: 1.2039 - 1.2110 area Resistance 1: 1.2390 - 1.2463 area Resistance 2: 1.2508 - 1.2580 area Vertical Structures Vertical Support 1: Falling trend line Vertical Support 2: Falling trend line The pair nicely respected a confluence point based on 2 falling trend lines. Doji...
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Hi guys, this time i bring you a $GU Short analysis where i'll be looking for Buyside Liquidity to be taken so we can keep developing and finish this PO3, my short is based on my weekly BIAS which is really bearish, same as Monthly or even Daily, in this case i'm really leaning a lot on my IRL>ERL>IRL>ERL cycle where i expect us to take the liquidity from the lower part.
GBPJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Previous resistance located at 185.89. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move...
Good day, traders. I'll be following the GBPUSD price activity near 1.2250 for a possible short trade. As my zone confluences, I'm utilizing the third touch on the major trendline, monthly resistance, and the psychology level. Wait for confirmation before executing your order. If the resistance level flips, I will modify my inclination to a buy order. Like...
I see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength. BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall. We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken...
Hi guys so for this one, Daily and Weekly Price action suggests strong bearish sentiment with targets indicated. We hope to see a 15min TF Break of Structure to the down side after a Test of any of the zones indicated. This setup provides an excellent R:R Goodluck this week fellow travelers
GBPJPY is on a bullish technical outlook on the 1W timeframe (RSI = 66.035, MACD = 3.180, ADX = 33.852) but a great sell opportunity may be emerging as the 1W RSI Bearish Divergence crossed above the MA just like the on October 4th 2021. That was the third top on that pattern much like the one that is being formed now. Technically next week we should see the top....
The GBPUSD broke down from yesterday's consolidation at 1.2280 due to the DXY strength. As the price currently consolidates along the 61.8% fib retracement level (1.2225), the easy trend-following setup would be for a continuation of the downside toward the support level of 1.2160 and trendline, if the DXY continues to strengthen. However, an alternative view to...
In the reported financial update, the FTSE 100 index experienced a slight decline of 0.11% to close at 7,401.72 on Wednesday. This drop was primarily driven by weaknesses in the financial and mining sectors but was partially offset by robust results in the retail sector. Notable companies such as National Grid, BP, Shell, Anglo American, and Fresnillo contributed...
That fundamentals last week had a serious impact on this pair. The FED held rates with a dovish tone, and then the cooling labour market data slammed the USD. The BoE also held rates, but with a hawkish tone. UK data is not great, USD real yields are stronger, and there are still global tensions which are normally strong for the dollar, that said, this pair has...
GBPCAD formed a falling wedge pattern after a breakout of a key horizontal resistance. The price bounced sharply after a retest of a broken structure, violating a resistance of the wedge. Probabilities are high that the pair will keep growing now. Goal - 1.6985 ❤️Please, support my work with like, thank you!❤️
Today's focus: GBPUSD Pattern – Continuation Support – 1.2270 Resistance – 1.2390 Hi, and thanks for checking out today's update. Today, we are looking at the GBPUSD on the daily chart. For now, we contnue to watch a continuation pattern that's currently developing. We have selected the G/$ as, in this case, the confirmation bar has yet to form, and it's a...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #EURGBP. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich