Following the recent GBP fundamental data showing that the weakening and worsen condition of their currency, it will be a good time to short this pair. The change of structure confirmed through technical as well when the distribution phase (sideways) was formed and broken. However, we still need to be cautious as there's a lot of mix data for the US economy....
Go through the analysis carefully, and do trade accordingly.
Current price- 1.25600
"if Price stay below 1.26200, then next target is 1.25500 and 1.24200
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by...
Go through the analysis carefully, and do trade accordingly.
Current price- 1.26700
"if Price stay below 1.27800, then next target is 1.25500 and 1.24200
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by...
GBPUSD licks its wounds around 1.2600 early Wednesday as traders await the UK inflation clues for January. That said, the Cable pair marked a stellar move the previous day, initially rising to a seven-day high before posting the biggest daily loss in a week while reversing from the 50-bar Exponential Moving Average (EMA). It should be noted that Tuesday’s reversal...
A triangle pattern in the GBP/USD currency pair typically signifies a period of consolidation and indecision in the market, often hinting at an impending breakout or continuation of the existing trend.
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Wishing you a pleasant day.
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...
GBPUSD snapped a two-day winning streak on Thursday while retreating from a previous support line stretched from November 22. It’s worth noting, however, that late Thursday’s corrective bounce in the Cable pair renewed bullish bias about the quote, especially amid the upbeat RSI conditions. With this, the support-turned-resistance line surrounding 1.2650...
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gbpusd, the 1 hour time frame was bullish, and as soon as the price hit a previous old daily high, which was a spot of major liquidity, i went into the 15 min tf to check for a choch or signals for the price to move up, and found a choch in the 15 min after the liquidity was taken in the london session. the price started rallying downwards after collecting another...
GBPUSD remains pressured within a six-week-old descending triangle as market players await the Bank of England’s (BoE) monetary policy announcements. In doing so, the Cable pair justifies the US Federal Reserve’s (Fed) hawkish halt, as well as expectations suggesting the BoE’s rate cut in 2024. It’s worth noting, however, that the 50-SMA level of 1.2670 and an...
Hello everyone, the GBP/USD pair remained below the 1.2700 level during the early Wednesday Asian trading session. The UK's Nationwide House Price Index for January will be released ahead of the Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday.
From the 4-hour chart, we can see that the price has formed a double top pattern and declined,...
In the 15 min tf, the price was already making lower lows and lower highs and thus the orderflow was bearish. the 1 hour time frame liquidity was not yet taken. As soon as the new york killzone started, there was an accumulation manipulation and the distribution to the downside. the entry was taken in a bearish order block in the and the 1 hr liquidity was chosen...
the mean threshold of the 1-hour bullish order block was my entry area, but the price moved up as soon as it touched the ob. and my target was the ob in the supply area but the price turned its direction as soon as it touched the 1 hour 0.5 level . this happened in the london session. the new york session capitalised on the reversal and ran down to hunt the 1...
Dear friends, The GBP/USD pair is trading steadily around the psychological level of 1.2700 in the early Asian trading hours on Friday. The optimistic GDP growth figures from the United States have boosted the greenback against its rivals.
Next, traders will be monitoring the GfK consumer confidence in the United Kingdom for January. The focus will then shift to...
Hello dear friends, what do you think will happen to GBPUSD in the near future?
Today, this currency pair is still maintaining a prolonged sideways trend, with short-term prices favoring buying. However, there is still a lack of momentum for this pair to break out of the range as investors shift their focus towards monetary policy announcements from the Federal...
GBPUSD has been consolidating for over a month now in the daily time frame. And being a day trader i focus on the previous day high and low as they are the most important liquidity areas intraday as the big institutions will be sitting there. So the timeframe i use for intraday is 1 hour time frame, where i look for order block, fair value gap, and short term...
