GBPUSD H4Hi traders, GBPUSD if price go to our mentioned pattern completion area then i will be looking price action for a short position opportunity.
Trade with your own strategy GOOD LUCK.
Gbpusdh4
GBPUSD Hello traders. The uptrend line is broken. In the daily time frame, -HD is formed. After the respective floor is broken, the price will fall to the previous floor. Are you agree?
GBPUSD Hello traders. I expect to have a good drop for wave C after 50% of wave A is returned. Be profitable. Are you agree?
GBPUSD H4 TIMEFRAME ANALYSIS (sell)We consider to sell this GBPUSD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
Long term Downside trend line Hit ( 1.2620 ) Correction TimeThe GBP/USD bulls have almost hit the next target which was 61% Fibonacci retracement located at the level of 1.2597. the market is now consolidating in a narrow range. Please notice, there is an important intraday technical resistance 1.2620. On the other hand, the nearest technical support is still seen at the level of 1.2510 and 1.2362. The momentum is starting to decrease and the market is coming off the overbought levels.
On the GBP/USD pair, the main trend is down, which can be confirmed by the down candles on the weekly time frame chart. The key long-term technical support has been recently violated (1.2003) and the new one is seen at the level of 1.1404 (Crush TIME) The key long-term technical resistance is seen at the level of 1.3218
🛑SUPPORT/RESISTANCE
✅S1= 1.2510
✅S2=1.2360
✴️R1=1.2620
✴️R2=1.2750
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GBPUSD continuationGBPUSD dipped on MLK day probably due to no banks in the market however, its respecting bullish fibs. ITs showing nice H4 rejection of the zone and was a H1 correction. We could now see impulsive moves higher to make new highs in the market.
LONG GBPUSD, Flag pattern on H4.GBPUSD , Flag pattern on H4.
H4:
= Tendency: Strong upward
= Above support daily
= Flag pattern forming on H4
=> Waiting break
==> UP
