GBP/USD and EUR/USD

let see your new home

GBPUSD: Nothing fancy.

On the close last Friday I entered the weekend with a slight bullish bias but after analyzing the PF and other tools. Probability favours a move to the downside to 2385 with a pause at 2426ish. Shorts at the current price location of 2476 with an SL at 2515 and PT at 2385 seems to be the best course of action in my humble (or not) opinion.

There is a 90% probability of today's close being above 2426 which is not the same as suggesting today's low will be 2426; if things pan out perfectly a sudden move to 2385 followed by an upside reversal with a close above 2426 would be most welcome; however, price does what it does and probabilities depend on the law of large numbers and each individual price move is 50/50 (random).

Pounds - GBP/USD

H2 Chart and H4 Chart
The Price in Above DEMAND Zone

Daily Chart
Found GRAVESTONE Doji Signal

Update.... for DAILY Chart

Thread bump.

For those seeking an alternative to EUR, GBP and EUR/GBP trading, check out first page of this thread. Refreshing.

https://www.forexfactory.com/thread/...usd-and-eurusd?

I got a confirmation signal from GBP/USD that indicates bullish momentum after the breakout confirmation. I got buying GBP/USD long term. FOR GBP/USD it broke a massive trendline to the downside, and it can either make a small retracement downwards to make a retest or shoot up without the retest on the weekly chart. This is what I see playing out in the duration of future months.

Update on GBP/USD. The market sentiment is strongly bullish, and I received multiple confluences that GBP/USD will be reaching 1.287384 resistance. There was a confirmed support level on the 4 hourly charts, I have entered for a buy and awaiting take profit level.

in weekly perspective GU made last year also fake breaks and drop hard this year we have seen drop below of 1.26 but it reclaiming it indicates possible fake break below 1.26 area . to prove this it required retest of 1.26 around area and reject above.

Today I am waiting for sell


Live Trade – GBP/USD
SELL : 1.3500
TP1: 1.3392
TP2: 1.3189
SL Trail if in profit
Stop Loss: 1.3540
Market moving in our favor – manage your trade accordingly!
TP targets are a bit extended — you’re free to exit earlier with smaller gains .

Dropping fast.