GBPUSD retreats from the 11-week-old descending trend line as the traders await the first readings of the Q2 2022 UK GDP. In addition to the trend line hurdle, the 38.2% Fibonacci retracement of the March-July downside, near 1.2345, guards the pair’s immediate upside. Following that, the 100-DMA hurdle surrounding 1.2435 will be in focus. In a case where the quote...
Last week we identified the head and shoulder pattern and we were anticipating XXXUSD shorts which played out well. We are still looking for further strength from USD. Looking for the completion of the right shoulder this week. Correlate this chart with the USD pairs and try and get and entry for the XXXUSD shorts.
Goodluck and trade safe!
FX:GBPUSD
Hi Everyone
Sorry for absence for so long. Actually i was busy in forex trading and working on something so it took some time in doing experimenting. But will make some time on daily basis and try to help you as much as i can with my charts.
This is an chart of British pound/ US Dollar. As you can see GBP/USD is falling for sometime now or you can say...
we have predicted EUR/JPY to move up from here till 1500 pips up at max this is the point we are certain for the pair to move upto, hopefully this trade will give you an idea of the particular trade and make a good fortune
we are predicting GBP/USD to go 483 pips from our buy zone that a huge movement towards upside hopefully this trade will give all the traders a lot of data to make a lot of fortune
thankyou
As you can see on the daily chart GBPUSD is struggling at this point and also it is showing a bearish price action. as you can see gbpusd has already touched the upper trendline of descending channel pattern. Now I see that it can continue its long-term trend which is to sell. remember, this is a daily chart and higher timeframe is more infective than a lower...
#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
The long term trend of gbpusd is sell . And now you can see gbpusd is making channel which id showing bearish price action. And gbpusd has been touched the upper line of channel .If you want to take position gbpusd you can take with proper risk management.if you like my analysis please follow me .thanks everyone.
#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
GBPUSD extends early-week pullback from a 2.5-month-old resistance line around a lower line of the bullish channel connecting multiple levels marked since mid-July. Considering the recently downbeat RSI and MACD conditions, as well as the Cable pair’s U-turn from the key resistance line, the sellers are likely to defy an upward sloping trend channel by keeping...
#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
This analytics i use Trad line, multi time farm confirmation, some of news etc. Lets check it and give me a feedback into to comment bellow. Like this idea as your wish.
And also make sure you have follow me because i will share money ideas regularly.
thank your for giving your time.
#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
we are able to see the momentum for sell and it is going for the sell and has reached the point which it did not reached from last 22 years so the value of GBP pair is decreasing day by day and still we can see a downward movement in it from here till 98 pips down for now and mush more if the point is been crossed which we labeled as target point and if its get...
Analysis for GBPUSD. It has gone under correction zone with wave . Assuming a flat correction here still its not confirm either lets see where the market heads making a clearer picture to get into trade.
This is clearly my idea and don't claim any signals, trade according to yours lookout and analysis
Happy Trading
Thankyou
FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 26/07/2022
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