Hello Traders👋
Today i have made a post on GBP/USD hourly timeframe
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted...
GBPUSD remains firm for the fifth consecutive day, around 1.3780 during early Thursday. In doing so, the cable pair justified upbeat RSI conditions, as well as recovery moves from 1.3600 to keep buyers hopeful. However, 200-DMA and resistance line of a five-month-old falling wedge bullish formation’s resistance, respectively around 1.3810 and 1.3830, become tough...
Speculating a buy trade targeting level 1.38300. This is based on price clearing the current level and targeting accumulation range around 1.38.
A break below the current zone would trigger a sell opportunity to clear level 1.36.
Short Trading Strategy
1.36000 is All over low.
look at the chart every time we have two possibility and two opportunity.
i divided it in two scenario
first we will talk about up...
Very important Zone for GBP/USD ,
{ if H4 broke the R Zone (purple rectangle) it may go up to reach 1.38
if stay under the zone, downward trend may continue to reach 1.36 }
----> in my opinion, Based on EURGBP chart (which EUR is going stronger than GBP in an upward trend) and GBPJPY (which is in a downtrend) price in GBPUSD will fall.
TRADE WITH...
Rigth now, GU made a big pullback into premium market and into POI, the reason for that was HTF unmitigated wick with big reaction followed after. Hovewer until price don't break our IVP there is no reason to look for longs as that would be against the structure, that's why I will be only looking at what price is doing into that pink box and adapt to the market....
