I'm looking for buys on gbpusd this coming week. Although we have seen what looks like a reversal of the uptrend on gbpusd I can see a retracement/countertrend to the current time frame to my blue trendlines or a continuation of the weekly time frame bullish trend that started sept of last year and highs starting to be broken.
Today/tomorrow (Aug 14 2023) we'll see if the Cable continues up, touching that 50 MA line. So if it bounces up, can validate our overall Bullish bias. More confluence is it hit the bottom of Bollinger Bands (default parameters) on the Daily. Also, from the macro, we'll see if it hits the 3rd touch down trendline from 2014. As always, I'd prefer to wait for a...
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We have formed a double bottom and broke out our channel on H4 and having a retest on H1 and formed bullish flag so I'm very much confident that this pair is going Bullish.
Hello,Friends! GBP/USD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
DXY is bullish HTF is showing bearishness Price is near the SSL D and BullOB W and could continue moving down to take these levels before moving up. It could also move up to take the bearish rejection blocks before moving down.
The FX:GBPUSD chart has been shaping the right shoulder of the head and shoulders pattern, a common indicator of bearish sentiment. The chart displays the classic head and shoulders pattern, which often suggests a bearish trend. We have already seen the formation of the left shoulder and head, with the right shoulder in the making. This recent price action...
The GBPUSD Market is still very much bearish. A bullish rally to grab liquidity is currently in play. There is also divergent price action on the M15 and M5 timeframes.
GBPUSD if the price can stabilize above 1.2538 the direction will be uptrend again to reach 1.2622, 1.2831, 1.2942 for any reason if the price backs off and stable under 1.2538, the price will try to reach 1.2413, 1.2336, and 1.2270 Tendency: Upward Support line: 1.2413, 1.2336, 1.2270 resistance line: 1.2622, 1.2831, 1.2942
GBP/USD retested the 1.2450 support and is now correcting losses. Important Takeaways for GBP/USD Analysis Today . The British Pound is eyeing a fresh increase above the 1.2580 resistance. · There is a key bearish trend line forming with resistance near 1.2550 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of...
Comrades, the price managed to break its descending channel upwards and continued to rise, but now I expect the price to decrease from the strong static resistance of 1.26000, and I think the price will drop from this area and reach 1.24500. Good luck. Be.
It is expected that the price will change the trend in the current support range and we will see the beginning of the upward trend If the price crosses the green support range, the continuation of the movement trend will be oscillatory and corrective
The price perfectly fulfills my last idea. The price went down and hit the target level. The market broke through the range and made new low. The price is pulling back toward the swing zone at 1.26000. The market reacted to this level before. I expect the price go to support level if the market makes a fake break of the swing zone like long tailed bar or double...
Hello Traders Investors And Community, welcome to this analysis about recent events, the current price-structure, and what we can expect the next hours and days from GBPUSD. As the last times showed GBPUSD formed a high in the so-far struggling uptrend before it confirmed heavy bearish pressure to the downside, according to this case I detected some significantly...
price at 1.25031 waiting for a pull back to the zone of at 1.25031 of the weekly support and resistance or a touch at 50% zone on the fibs and a a strong buy to 1.25870
2023.9.11 the pound led the rise Hello, I'm Older Duan. Today is Monday, September 11th 2023. Now it's 17pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the US dollar index fell down today and has...
Liquidity was taken Higher possibility of a short position for a scalp/day trade 1:3 *For educational purposes only Stop Loss: 1.25430 Entry: 1.25200 TP: 1.24510