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...
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...
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As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...s you can see, the W pattern for a week is almost perfectly respected and GU has already reached level 1 that I proposed last week!
In the supply zone and the support line area morning Star formation formed in H4 Chart. So we can expect little up trend and Close half trade and set SL to the break even while market reached 400 Points from the entry level.