Please eye's on GBPUSD that almost near to Breakout but don't take trade earlier wait for another confirmation that a retest the label and take a long trade
Despite posting the first weekly loss in four, the GBPUSD pair stays beyond the key supports. Not only that but the RSI (14) also retreats from overbought conditions and hence the fears of a pullback are off the table. That said, the MACD signals are bullish, which in turn backs the buyers to renew the upside momentum. That said, the latest peak, also the 61.8%...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
hello friends ad you can see 4 hr chart market breakout strong resistance and again come to resistance zone and one more confirmation is that market make hidden divergence that's means market will be change direction so monday i will hold this trade with all risk and mangment so i hope you like my predication so share with your friends and god bless you.
price is moving towards the support zone lets wait for some confirmation in the support zone or some smaller timeframe structure shift so that we can enter.
GBPUSD dropped in the last three consecutive days and is on the way to posting the first weekly loss in four as the Cable traders prepare for the Bank of England (BoE) Interest Rate Decision, despite the latest rebound. Even so, the Pound Sterling remains beyond the 50-SMA and a three-week-old rising support line, respectively near 1.2690 and 1.2655 at the latest....
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....
GBP/USD has been in an uptrend since the pair broke out from the head and shoulder pattern on the hourly chart. After being slightly overbought the pair is now testing the support after retracement. There is powell testiminy in about 6 hours from writing this idea. There is a strong chance that the pair bounces from the support till then. Expect the next few hours...
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Looks like a flag breakout on the hourly charts. The next resistance is at 1.3000. We have considerable room to rally from here after the breakout. Stops are below the recent lows on the hourly timeframe.
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
