FX:GBPUSD FOREXCOM:GBPUSD Hello Traders, please check out my previous ideas. This is my first analysis on GBPUSD daily. If the Pound stabilizes above the yellow zone (crossing the weekly Bollinger midline), the price can climb up to the 1.30 level. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can...
After the crash on Friday, a rally towards 1.24 should start in the next few days.
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar...
GBPUSD will reclaim next higher liquidity targets, Perhaps 1.181xx. Technically GU created Bullish butterfly pattern in last week, It gonna fly as technical aspect. Regular Target Profit: 1.181xxx DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update and it is only for the...
GBPJPY poised to go up next week. If the pair plays inside the box, it will bounce backand a possible new highs can be beaten in the next few weeks. If you are a short term trader or seller, be careful. If you are buying this and itgoes low, just keep on buying on the lower prices. NFA
The higher timeframe bias is bullish. The price is at 0.618 fib level in 4H and also it is on a 4h demand area. In lower timeframes price already started the uptrend and by the LND session, the price will be uptrend due to the coming news on the GBP. The first TP is 1.85830 R/R = 1:2.59
Pound reached an area with accumulation of volume which is also the 61% of the Fibonacci retracement (golden zone) and support area. Is very likely to see the pound getting strength in the next couple of sessions.
Longing the cable. Pound reached the support area I was looking for in the previous post, I expect a bullish run in the next couple of days/weeks. 200EMA and 50EMA crossed in 2h time frame. according to Forex sentiment 63% of the traders are Longing the pair, this is not financial advice but my views on the pair. Make sure to use proper risk management and I wish...
We will go up to the target ! What do u think ?
Hello , its been 4 months since pound was dropping reaching 2 level of drop , for now im expecting another and last level of drop since its 31/OCT/2020 to make the cycle complet. you can sell on H4 order block.
GBPUSD has formed a channel and is ready for an uptrend. This can take up to 24 hours, during which time we can have buy trades.
Long position is taken. The price broke yesterday High and also it start the uptrend from a weekly level. R/R = 1:3.03
GBPUSD (long-term) $vs£ As you can see on the chart above, it seems like there’s an ongoing extension in wave (3). Wave 4 might have been in place, so wave 5 of (3) is likely underway. If correct, the market should break the high of wave 3 soon. The main critical level for this scenario is £1.3484 . Broadly, the market should continue unfolding a bullish...
Entry based on simple principles: 1. Very clear three white soldiers formation on 4H chart 2. Rejection at 50% of Fibonacci levels 3. Also it bounced from solid support which wasn't breached since mid of April
GBPUSD bounced from a demand zone last week, right now we are in a kind of range, we need to break above this zone ( 1.38097) for a potential bullish move. Follow us at community.protradersnetwork.com for more free content.
Technical Overview: - GBP/USD Check out our previous posted analysis LAST WEEK ^ Pound had been on a very strong rally, we had been eyeing this very zone for a long time and have called longs for this very reason. Last week we were getting closer to our target and we mentioned we will be looking for sell offs at this zone bringing us back down to oversold...
BUY opportunity on EURGBP valid through 1-28-2021