GBPUSD Stopped out but one last attempt
British Pound / U.S. Dollar forum
GBPUSD Stopped out but one last attempt
GBPUSD GBP/USD Price Forecast: Bullish outlook remains in play above 1.3550
The GBP/USD pair gains traction to around 1.3555 during the early European session on Monday, bolstered by a weaker US Dollar (USD). Trade uncertainty dampens sentiment among US businesses, prompting traders to reassess the Greenback's safe-haven status and act as a tailwind for the major...
GBPUSD Current trade. But if DXY reaches 98,944 before it gets to my target will close manually since I am higher timeframe bearish GBPUSD.
GBPUSD Good day traders! Today's intraday bias is most likely a sell. However, it could also be in consolidation.
With a 1h OB and FVG formed between 1.35670 and 1.35768, price would most likely mitigate these liquidity before heading to the downside.
Adding to the fact that Friday's London session high is at 1.35670 and today's Asian session high is at 1.35655, price would at least take out these liquidity.
Today's London session will play a major role in today's price action.
Let's see how price reacts! Remember to stick to the strategy that works best for you!
GBPUSD On the daily chart, GBPUSD is temporarily capped by the 1.35877 price level of the 0.618% Fibonacci extension and the overall technical outlook remains overwhelmingly bullish.Key supports are seen by the rising price channel and the EMA21, while the bullish RSI has yet to reach overbought levels, suggesting that there is still plenty of room for GBP/USD to move higher in terms of momentum. As long as GBP/USD remains within the price channel, it will remain bullish in the short term, and once GBP/USD breaks above 1.35911, which is the nearest horizontal resistance, it will be eligible to continue its technical rise towards the next target around 1.37104 in the short term.
GBPUSD Shorting a little!
GBPUSD “Breakout? Fakeout? Only the disciplined know the difference.”
GBPUSD Reason I am wanting to sell is due to the 2 weeks of rejection after the bullish break, so I expect the third candle to be bearish, but will see how the market plays out - it could slightly dip Monday and Fly up for this week as well
GBPUSD My outlook for the week - we should wait for Monday to play, but I see us selling from Tuesday onwards, depending on Monday's candle close of courseI am bearish and will be looking for sells until the 50% (significant level) and 4HR low (If broken, I will then target daily levels until new 4HR structure is completed)
