Gbpusd_forecast
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 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!
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.
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.
Biden meet JohnsonHello trenders,
G7 went well for USD.
English tax payers got sold for the next few months, with (do it for your country) slogan.
I think someone need to pay 1 trillion dollar bill so good luck England.
Thank to Tradingview some more people knows what is happening.
Good luck.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
GBP/USD STUCK IN A PRICE RANGEGBP/USD on a monthly timeframe is bullish but price has not yet broken the major lower high.
ON the weekly timeframe price is also bullish{ highs are been taken out}
ON the daily price is above the 200 moving average, which means the trend is also bullish.
the 4HR timeframe price is stuck in a box, ie it is currently ranging which signifies that the market makers are yet to decide which order flow they are going to move yet.
As an order flow trader, this current market is not good for entry because we may see a massive push to the upside or downside. where ever these big players decide to push the price, a break of this range/consolidation will give us our directional price to spot their footprints and look for entries to ride the trend with them.
If you love this free analysis on GBP/USD, leave us a like and comment your own thoughts about this pair
GBP/USD - RIDE THE WAVE (RE-FINED SUPPLY/DEMAND)Technical Overview: - GBP/USD
Check out our previous posted analysis
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