GBPUSD has broken above the 1.26 level following the CPI data from last week which resulted in DXY losses. Expect price to continue up to the 1.28 level. Await short term price action above or below the previous day high/low (PDH/PDL) before entering long orders.
Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.25450 to 1.25350. Additionally, medium-risk buy zone between 1.26000-1.25900, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.25450 and 1.25350, serving as a...
My opinion about this currency pair is clear in the picture. A little up and then down
Trend Overview: GBPUSD is currently in a bullish uptrend on the 4-hour time frame. The trend began at 1.23000 and has seen subsequent price movements. Key Price Levels: First High: Reached at 1.26331. Pullback Correction: Occurred at 1.24477, forming the first lower high. Support Zone: Price was rejected from a strong support area between 1.24900 and...
Anything goes this week! Trading within thin margins does not provide low risk, high reward strategies. Lookout for the volatile week ahead. Liquidity WILL print price to a PD array
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
This is just a continuation of the idea i had, i'm still very bullish on GU, patience is key. waiting to buy the dip around 1.2944
$GU : Weekly Outlook : - on Monthly we have Clean market price action on GU we can see FVG is respected & we can target to March high - Weekly we can see price taken support From Inverse FVG -Daily we have Inverse FVG + FVG Use proper RR ! Dont Risk More Than U Can Afford To Lose! Our reliable Forex Analysis will provide you with Knowledge of market movements &...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2608, which is a pullback support close to 38.2% Fibo retracement Our take profit will be at 1.2667, a pullback resistance. The stop loss will be placed at 1.2534, which is an overlap support level close to 61.8% Fibo retracement
In this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate...
My bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts....
Wait for retest the key level then take a trade for Buy otherwise skip this setup
My thought gbpusd has to bounce back to the low of 1985 before starting the new uptrend
📌GBP/USD entered a technical correction and closed Thursday down after gaining 0.75% on Wednesday. The pair continued to rebound on Friday and traded near the 1.2700 resistance level. 📌Atlanta Fed President Raphael Bostic acknowledged inflation progress in April but noted that the Fed has not yet begun to ease policy. In a similar tone, Cleveland Fed President...
Daily currently in a bullish pennant. Expecting price to reach daily support & resistance levels after breakout. Swing / position stack opportunity.
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This is a great setup. More like a TEXT BOOK analysis. will be looking forward to executing it this coming week and be on the look out for any changes. GBPUSD LONG.