GBPUSD Amazing way to End the Week. Have a great weekend Traders! August is here, Come back Stronger & Smarter! ADIOS.
British Pound / U.S. Dollar forum
๏ปฟGBPUSD Amazing way to End the Week. Have a great weekend Traders! August is here, Come back Stronger & Smarter! ADIOS.
GBPUSD CLOSED.. gold is too bullish..
GBPUSD Not bad +40 PIPS, we got 30 minutes to Pull this off or HOLD it through the weekend!
GBPUSD And the new bullish imbalance should offer a long entry to target the correction of the bearish imbalance above the range ๐ง Unless this was just a false month opening move to bait longs to pair with huge money shorts, that would be diabolical
GBPUSD News gave an exaggerated start to the new monthly range recovery of last month's bearish displacement.
This is expected after an impulse candle prints on any time frame, you will often see the very next candle will often recover some of the displacement candle's range before the next move ๐
Copy that down in your notes ๐๐พ
GBPUSD We need a break out of this transactional zone to continue to the upside.BULLS still hold the control.
GBPUSD its again buying time letโs move for buy come on we are adding more buyssโฆ
GBPUSD GBP/USD Potential Bullish Reversal โ Targeting 1.36366 ๐ฏ๐๐ Technical Analysis:
Descending Trendline Breakout ๐ปโก๏ธ๐
The chart shows a strong downtrend which was recently broken to the upside, indicating a potential trend reversal.
Breakout occurred after price respected the key support zone and formed a bullish structure.
Double Bottom Formation ๐น๐ง
A double bottom pattern is visible near the 1.31000 level (highlighted with orange circles), suggesting a bullish reversal setup.
This is further confirmed by a bullish engulfing candle right at the second bottom.
Support Zone ๐๐ก๏ธ
Major support lies between 1.31000 โ 1.31500, which price has respected multiple times, confirming it as a strong demand zone.
Retest of Breakout ๐
After breaking the descending channel, price pulled back slightly to retest the breakout area, suggesting a healthy continuation structure.
Resistance & Target Zone ๐ฏ๐
Resistance is marked around 1.36366, which aligns with the previous supply zone and acts as the next logical target.
This target aligns with the measured move from the double bottom pattern.
๐ Conclusion:
๐ Bias: Bullish (Short-to-Medium Term)
๐ Entry Zone: Near current level (1.32388) if retest holds
๐ก๏ธ Support: 1.31000
๐ฏ Target: 1.36366
โ Invalidation: A break below 1.30800 would invalidate the bullish setup
GBPUSD I guess I was right about the 16 July scenario, all the factors technically are almost the same, so its possible the market might be having a week or so of an uptrend
GBPUSD as I stated in my previous minds share. Sell confirmation is if 1.32550 is lost . Here we are .I'm securing my profits here at 1 32240. Learn how to spot confirmation it will help you to know the right time to Buy or Sell . See you all on Monday