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Looking for a buy opportunity around 1.2900/1.2930 with tp around 1.3150 I hope someone also has similar analysis too

Thanks for the analysis There is some confluence there Maybe they want to hit the area on Jult 31st, or August 1st Time will tell

Hey Coreg, what do you thinlk about a possible AB=CD on GBPUSD Daily, starting from October 2023, and target around 1.31 ??

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First attempt of H&S denied, but still possible. A Daily close under 2280 will target around 2100. In case of rejected H&S and a Daily close above 2380, it will target 2500

Since it has been not able to make a new hign, looks like an Head and shoulders on the daily. With confirmation it may target around 2100

Looks like they are able to break the high did June 7th to grab liquiduty, but the bears than will defend 2450. Or maybe a double top around 2450. 2100 should be the brears' target (the big support area) image

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Thanks Tony Then it is not clear to me, why the ECB already started to cut? When do you think BOE might start cutting?

To me, however, it seems very strange. The CPI is already at 2.3%, the next one is a forecast of 2%...so it's time for a change. Probably they are already late. Or maybe they're taking other things in consideration that I don't understand. I'm ...

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Waiting for the forecast...but 5% can be possible... 0-2-7 last time image

Waiting for a signal from here to enter short

Thanks Coreg Luck sometimes But as you can see, it is not yet downtrend if it doesn't break at least 1.2690/1.2680

Wait I also found a good confluence of trendlines and ratios around 1.2840 The situation is complicated... In any case, I'm waiting to see a bull trap

I have a signal around 1.2815

The entry always after a confermation from the price action

So tomorrow may be time to short. Usually they make some spike/stop hunting before. Maybe with CB Consumer Confidence. It may also get 1,2800 or even 1,2820 for a while. I see confluence also with pivot points. In that area there is the weekly ...

Obviously, like any pattern there is only a certain % of probability that it will occur