Gbpusd_forecast
GBPUSD TAKE SUPPORT OF 38% FIBO LEVELHi Traders,
GBPUSD took a nice bull from the fibo level 38%.. I am looking this pair to touch 1.44500 soon.
Have a nice trading.
GBPUSD-short#GBPUSD market is moving nicely as I predicted earlier.
Let it complete correction up to mark resistance then there is a good short move.
GBPUSD - Two ScenariosAfter a huge push from the FOMC, it is important to have two scenarios marked out for the next potential move.
We either pullback from here to fill the imbalance before collapsing into the liquidity pool
OR
We drop from here into the liquidity pool before we return to the upside o fill the imbalance.
Let me know your thoughts in the comment section.
GBPUSD Short Analysis Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPUSD - SHORT GBPUSD has broken the 1.40 upward trend line, the 1.40 pivot level as well as the 1.3959 fibbo support and continues to look heavy. Dollar is strong post the recent FOMC meeting and we see no sign of this slowing anytime soon.
I would therefore look to sell GBPUSD around the 1.13960 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 fibbo lvl.
GBPUSD short 1 @ 1.3959
TP: 1.38
SL: 1.4027
Goodluck!
GBPUSD SHORTAs pound is in a sell term trend, it seems to be going for a correction but as far as the volume is concerned, volume don't want it to move upwords. Hence, i am going for a short here.
GBP USD MAY GO SHORT ACCORDING TO MY ANALYSIS. {6/6/2021}.Disclaimer:- Educational Analysis says GBP USD may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
Looking at the pair weekly is held up. And daily is down.
On 15 min time frame pair making a lower high and lower low. Which can touch to the daily support at 1.4012. And plus
in 15 min tf, i Saw a double top which is confirming the pair is heading downside.
On 1 hr time, frame pitchfork tool is applied on the 2nd top.
For extra confirmation just zoom in and see the last candle before the market closed on Friday has bearish engulfing.
The risk to reward ratio is 1:1.99.
GbpUsd in strong buy zoneLike all Usd pairs, also GbpUsd dropped yesterday.
At this moment the pair is trading at 1.4 which is great support.
A rally from this point is my preferred scenario
Gbp/Usd : Likely to break above the 1.4250 resistance/range topIt looks like the stop loss hunt has been done around 1.4035 which is also the 50 day exponential moving average support and the price got a strong rejection from that level . SSI is around 35% and there are high volatile economic numbers / Press conference on the calendar today. Hence we are expecting an upside break out above 1.4250 resistance heading to further higher levels coming days.
Trend : Up
Signal : Buy @ market price , Pending buy limit orders above 1.4030
Target : 1.4250 and 1.4470 in extension
Stop Loss/Parallel position : Slightly below 1.3950
GBPUSD-long#GBPUSD market is moving in the bullish channel when we see in D1 timeframe so it is following the bullish trend. At the same time when observing in the H4 timeframe, it is moving in a horizontal channel, and Doji is formed after a bearish impulse so there is a buying opportunity at least up to 50+ PIPS up to 1.41103 . After that market is going to show sell as it will revert after hitting strong weekly resistance.
GBPUSD-short#GBPUSD I expect the market to drop crazy to the downside. We are in a bearish structure and we should go down till the next important structure level.
