GBPUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GBPUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Gbpusdsignal
GBPUSD SETUP TRADE WIH 1:20 RISK REWARDGBPUSD SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:5 RISK REWARDGBPUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD - British Pound against USD is at support levelThe British pound is showing signs of slipping after a slight increase yesterday, but I personally believe it will come back strongly with current information related to the European market.
More or less the intense war in the Middle East will affect the prices of currencies, and only gold will have stable and sudden growth.
British Pound against USD is at support level
If the war continues to spread to major powers like America, Russia, and China, World War 3 may break out
The European Union (EU) and the United States are planning to create a common tariff area, imposing tariffs on steel and aluminum imports from economies such as China, under their export theme. European Commission on EU-US consensus.
GBPUSD LONG Trade Idea: GBPUSD BUY Signal
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 7
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
FOMC Minutes in the Charts: EUR/USD & GBP/USD 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 impact of previous policies and other factors, which led them to skip the June meeting after implementing ten consecutive rate increases.
Out of the 18 participants, all but two anticipated at least one rate hike to be appropriate within this year, while twelve members expected two or more hikes.
The prevailing consensus that the US central bank will raise borrowing costs by 25 basis points at the end of the July policy meeting has lent some strength to the US Dollar and exerted downward pressure on the GBP/USD and EUR/USD. The DXY (US Dollar Index) surged above 103.30, reaching its highest level of the week.
EUR/USD further declined to the 1.0850 region. The outlook for the Euro has turned negative as the EUR/USD pair dropped below the 20-day simple moving average (SMA).
If the GBP/USD pair falls below 1.2700 and confirms that level as resistance, the next potential bearish targets could be 1.2680, 1.2658, 1.2647 according to fib retracement levels and previously pivot points.
Resistance at 1.267: Key Level to Watch After BoE Rate Decision
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.
Tomorrow, the Bank of England is set to announce its interest rate decision, and there are expectations of further tightening from the central bank. Given the elevated level of inflation, the bank may have little choice but to maintain a hawkish stance.
Last week, the GBPUSD initially tested the support level at the previous resistance of 1.250. However, that brief decline was followed by four consecutive days of significant gains, ultimately reaching a new high for the year.
There was a temporary resistance encountered at a critical level of 1.267. Following tomorrow's rate decision, this level could potentially act as a support area, particularly considering the slight pullback observed in recent days and the elevated RSI (Relative Strength Index).
On the other side of the trade, we have Federal Reserve Chair Jerome Powell's comments on the central bank's ongoing battle against inflation falling short of the market's more hawkish expectations.
During his testimony to lawmakers, Powell acknowledged that inflation remains significantly above the Fed's target and indicated that raising rates could still be a sensible course of action, albeit at a more moderate pace. Traders particularly took note of the term "moderate," which Powell used to qualify the potential rate increases. We still have one more day of testimony from Powell.
GBPUSD CAPITALCOM:GBPUSD
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 Downtrend movement; RISK :Reward Ratio=2.9 #FOREX#GBP #USD #GBPUSD, #NASDAQ, #CURRENCY, #CURREYPAIRS, #FOREX @GBPUSD
#GBPUSD DOWNWARD movement potential with risk: reward ratio 2.9.
SELL at 1.1985 with SL 1.2060 and Target is 1.17750
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