fxgnosis

fxgnosis Updated 

GBPUSD is showing bearish sentiment. We are in a downtrend for a few days now. It may reverse today with the news but until then my bias is bearish. I am taking a short to Asian session's low. Let's see if it play's out. I normally don't like to go against the higher timeframe trend, especially in a possible reversal zone. So if you take the same trade, use less...

fxgnosis

GBPUSD is showing signs of reversal. The bias for me for today is bullish. It experienced a retracement to the current level and is now showing bullish candles and rejections from the liquidity area. I am targeting yesterday's highs but it could go way higher than that with NFP. Leave your thoughts in the comments.

fxgnosis

I'm taking a long with a target set at yesterday's London high. My confluences are Uptrend in the higher timeframes Liquidity pool at a 50% fib level Wick rejections at lower timeframes Since today has been quite bearish so far this is a riskier trade. The reversal has not established itself yet completely.

fxgnosis

GBPUSD is showing bullish sentiment and rejection from one of the liquidity pools resting under yesterday's low. I took a long position targeting yesterday's high but it could go higher than that with the news.

fxgnosis

GBPUSD has two liquidity pools resting under yesterday's low, that could trigger a breakout to the upside. It's also a red folder news day which would be a perfect opportunity for market makers to move the price. Look out for reversal patterns (breaking of short-term highs, wicks to the downside). We are in a strong uptrend in the higher timeframes so shorting...

fxgnosis Updated 

My analysis indicates EU and other xxxUSD pairs could go up with the news release. My bias for today is bullish and have placed a position here.

fxgnosis Updated 

GBPUSD is at a 50% fib level and is showing wicks to the downside. There isn't much liquidity in the market today but looks like there might be a short term long opportunity. I'd use half risk since we are technically in a downtrend retracement currently.

fxgnosis Updated 

GBPUSD is currently at a 50% fib retracement area. If it breaks a short term low, it could move to the down-side. News are coming in an hour though so anything could happen. Need more confirmation to enter (a few wicks and a break of a STL).

fxgnosis Updated 

The market is in a consolidation right now. It has yet to fill an imbalance that was created on last weeks Friday market open (visible on the lower timeframes). It wants to fill it. There is also a bigger imbalance from Tuesday above it. This is my trade idea for today. Leave your thoughts in the comments.

fxgnosis Updated 

GBPUSD is in a retracement right now after a rally to the upside. It struggled to break out back to the upside yesterday and has been bearish today, breaking multiple short term lows. The bias for me today is bearish but keep in mind we are in an uptrend in the higher timeframes.

fxgnosis Updated 

The short term retracement is getting weaker, signaling a push to the upside soon. The first target would be last day's high around the 1.3332 area. Price failed to break the last short term low.

fxgnosis

GBPUSD has had it's short term retracement after a rally to the upside. It is now looking like a reversal back bullish at least to the last unfilled imbalance at the 1.3365 area. It may also break though it and continue to go up due to the dollar weakening.

fxgnosis Updated 

My analysis suggests price might touch or break last STH at the 1.3384 area. The liquidity sweep that happened today at the 1.3363 area supports this.

fxgnosis Updated 

GBPUSD has been flying for a while now due to dollar weakening. From my analysis it looks like it is currently making a short term retracement to fill some imbalances before continuing to the upside again.

fxgnosis Updated 

Based on my technical analysis, it looks like GBPUSD wants to fill a small imbalance at the 1.34010 range before making a bigger retracement down. We also have a triple bottom forming at 1.3362 area which supports a move to the upside.