For gbpusd demand and supply zones are marked. If market rejects at demand zone , then a high probability buy trade can be initiated, rather in case of supply zone a sell trade. You must have a good candlestick knowledge in order
to utilize the zones at the best. You can even learn it from us. don't forget to look for PriceActionMonk.
On the state of deliberate higher upstream, a support level to check again. 1.10700 to 1.18805 is the levelling model, whereas fundamental moving lines and double wave pattern followed by last day full green stick. Today it will be testing low and tomorrow may be deeper low or level to 1.13000+.
On the creation swing is good for today and tomorrow, sell today...
GBPUSD had nice bull rally from 1.3565 to 1.14952 with perfectly creating HH and HLs which later flipped into bearish at 1.14952.
It failed to break above HH but later breaks below HL, also it broke below the Rising wedge pattern which is considered as a bearish chart pattern that points to a reversal after a bull trend. Target of Rising wedge pattern are...
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy.
Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar...
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.15383
TP: 1.13668
SL: 1.16592
Bias: Short
For this pair our bias is short and we think the projection will be activated as we have projected the price levels .
The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch .
These changes could be overwhelming for a country that has known only one monarch for 70 years. Even more daunting is that these changes happened amid...
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.15002
TP: 1.12606
SL: 1.16577
Bias: Short
The current price pattern of this instrument is showing a positive tendency towards selling opportunity.
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.17891
TP: 1.16574
SL: 1.19305
Bias: Short
The obvious trend for this instrument is short and we are looking for a selling opportunity.
GBPUSD First Short then Long, As market is following a head & Shoulder pattern, so it is expected to reach to the level of up arrow drawn, but before it reaches to this point, market will take a re-test to the neckline of head and shoulder pattern
happy profitable day guys
Today High Impact News of USD is at 6.00 PM. According to the news, the forecast is 0.8%, if the actual rate comes to 0.9% then USD will be better and our pair is GBPUSD and GBP tomorrow market has come on monthly support due to fall. If the actual price is 0.9% or more, then GBPUSD will go down in a heavy margin and if the work is more than 0.8% then it will go...
