As you can see that, GBPUSD has formed a good support zone and it is in down trend. If it gives breakout then we can plan for sell side and take retest entry. Plan your trade accordingly. This trade is for monday (25-09-2023).....
As you can see that, GBPUSD has created a head & shoulder pattern in 1D Time frame. If it gives breakout then we can plan for sell side. This set-up is for monday (04-09-2023) Plan your trade accordingly...
FOMC Minutes in the Charts: EUR/USD & GBP/USD
During their June meeting, minutes released on Wednesday indicated that almost all Federal Reserve officials expect further tightening in the future. Despite the majority's belief in upcoming rate hikes, policymakers chose not to increase rates due to concerns about over-tightening. They acknowledged the delayed...
The UK continues to struggle with high inflation, as demonstrated once again this morning when headline inflation exceeded expectations at 8.7%, surpassing the projected 8.4%. Core inflation also outperformed, registering a 7.1% figure compared to the expected 6.8%. This divergence emphasizes the contrast between the UK and its counterparts in the US and Europe....
GBPUSD 1:3 TRADE
1). Price is entering in the right zone
2). US Unemployment rate is comming soon which is negative for US Dollar
3). 200 EMA is below the price
4). We can see uptrend in the chart
Best and simple Setup
GBPUSD is right now testing at weekly resistance and also been rising for last 6 weeks . It may seem for correction here at this moment with target at fib. retracement at 61.8 .
Stop loss just above the weekly resistance . You can trade accordingly with proper risk management . Also , this week we have BoE interest rate decision in view and also the GDP report on...
As you can see in GBPUSD pair is in consolidation since Dec 22 (long time ) and now it is near to the resistance, if it rejects the resistance level and come down then we can plan for sell side with the conformation of pull back entries. Plan your trade accordingly.... (4 HR time frame)
#GBPUSD Uptrend Movemet
time frame 3 hours.
breakout from parallel channel.
Buy at 1.20718, Target 1.22331, SL 1.20257
HOPE our analysis is adding value to your site trading Journey.
If yes, Hit like button or boost our ideas. Thank you.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The...