Welcome back to the Weekly Forex Forecast for the week of Aug 25 - 29th.
In this video, we will analyze the following FX market: GBPUSD
The GBPUSD has shown resiliency and strength over the last several days. It was helped las Friday by the Fed Chair Powell hinting towards a rate cut.
Buys seem to be the best way forward, based on the momentum from last week.
However, the structure is still in correction territory, and there is a chance the market may start to turn over. Low probability sells, but they are there.
Let the market tip its hand on Monday. Look for the +FVG to form on the Daily chart, and plan to take buys from it if it forms.
No selling until there is a definitive bearish BOS from current levels.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
In this video, we will analyze the following FX market: GBPUSD
The GBPUSD has shown resiliency and strength over the last several days. It was helped las Friday by the Fed Chair Powell hinting towards a rate cut.
Buys seem to be the best way forward, based on the momentum from last week.
However, the structure is still in correction territory, and there is a chance the market may start to turn over. Low probability sells, but they are there.
Let the market tip its hand on Monday. Look for the +FVG to form on the Daily chart, and plan to take buys from it if it forms.
No selling until there is a definitive bearish BOS from current levels.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.