Hello dear friends,
Yesterday our GBPUSD experienced a significant downturn. Based on fundamental analysis, GBP/USD extended its losses and formed a 'bearish' candlestick pattern, indicating the potential for further decline. If sellers break through the psychological level of 1.2600, it could pave the way for a level of 1.2500. On the other hand, buyers should...
the 1 hr time frame: the price has been making aggresive lower lows and lower highs. it has been taking sellside liquidity with a lot of fvg. So i just followed the trend and anticipated the price to make further lowers lows and hunt further sellside liquidity on the downside
the 15 min tf: the price made a short term higher high and higher low and then hunted a...
The GBP/USD has risen above the 1.2700 level, recovering from a two-week low below 1.2670 on Tuesday. Investors are cautious about taking significant positions ahead of the policy meetings of the Fed and BoE, causing this currency pair to struggle to find a clear direction.
Furthermore, the widespread strength of the US dollar (USD) continues to weigh on this...
15 min tf: the price made a change of character from bullish to bearish. so we are gonna look for trades in the short side
entry: take the trade at the equilibrium
and target the nearest 15 min sell side liquidity
The GBP/USD pair gained momentum in the early hours of Thursday's Asian trading session. This increase was driven by the weakening of the US dollar following Federal Reserve Chairman Powell's cautious press conference.
Additionally, the 1.2760 level, representing the 0.618 Fibonacci retracement of the latest uptrend, is currently seen as the initial support level...
GBPUSD bulls take a breather at a weekly high, after rising the most in a fortnight the previous day, as traders await the Bank of England’s (BoE) monetary policy announcements on Thursday. Also important will be the preliminary UK S&P Global/CIPS PMIs for March. That said, the quote’s successful break of a two-week-old descending resistance line, now support, as...
GBP USD will be DOWN FALL till AT 1.27002 take a SHORT ENTRY after breaking the up trend line as shown in the picture, follow for more live updates @TIME_TRADER_007
Hello everyone, as we predicted, GBPUSD has continued to decline under the strength of USD's recovery. The current trading price is 1.268, firmly holding within the downtrend channel.
The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers.
So what about you? Do you...
Hello dear friends!
Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair.
As a result,...
Price is falling towards the support level which is a pullback support and also aligns perfectly with the 61.8% Fibonacci retracement.
I believe a rejection from this level could lead the price to rise towards the resistance level @1.28621
Today, to say the truth, i was actually looking for bullish entries but the market actually showed me the bullish signs were actually a trap
why did i go bullish:
because the 1HR TF price, made a change of character from bearish to bullish by making a break of structure to the upside. it actually took a buyside liquidity with small fvg. but what i did not notice...
the 1 hour time frame: the price has been taking the sellside liquidity with fvg, indicating that the price wants to hunt further in the downside liquidity, meaning that the trend is bearish in this time frame which is, the higher time frame bias is bearish.
15 min time frame: the price here has been making a counter trend in the view of the higher time frame, so...
Greetings dear friends, today the currency pair is trading around the level of 1.278 and has started a slight correction after facing selling pressure since yesterday.
The cautious sentiment in the market ahead of important events in both the UK and the US may provide some support for safe-haven assets like the US Dollar (USD). The US Consumer Price Index (CPI)...
The GBP/USD pair remains below the psychological barrier of 1.2800 in the early Asian trading hours on Wednesday. The US dollar is stronger after the release of the US CPI inflation data for February, which pushed the major currency pair lower. Investors are awaiting the UK's GDP growth figure for January, which is forecasted to increase by 0.2% compared to the...
