empty
29.11.2021 08:08 AM
Trading plan for GBP/USD on November 29, 2021

The GBP/USD pair formed a local flat at the end of the previous week. The main target of Weekly Control Zone 1/2 1.3283-1.3266 has been achieved, so the formation of an upward reversal pattern can be assumed.

The Weekly Control Zone 1/4 1.3371-1.3363 is today's resistance. It is not profitable to open deals while the pair is trading within a flat. It is necessary to wait for the true breakdown of the flat zone. If the closing of today's European or American session occurs above the WCZ 1/4, then the next target for strengthening the pound will be the Weekly Control Zone 1/2 1.3466-1.3449. This pattern will become the main one this week and will allow us to search for purchases.

This image is no longer relevant

Trading in a downward direction will continue if today's test of the WCZ 1/4 leads to the appearance of a large offer, and the pair remains in its flat zone. This will indicate the formation of an expanding flat and a high probability of updating the monthly low.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations and Analysis for GBP/USD on March 27: Pound Dropped, but Nothing Has Changed

The GBP/USD currency pair traded lower on Wednesday. We had warned that the pair has recently been swinging like a pendulum. The pound was rising on Tuesday, so it could

Paolo Greco 03:06 2025-03-27 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 27: The Market Is in No Hurry

The EUR/USD currency pair traded with minimal losses throughout Wednesday, while the overall trend on the hourly time frame remains bearish following the price's exit from the ascending channel

Paolo Greco 03:06 2025-03-27 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 26th (Review of the Morning Trades)

In my morning forecast, I highlighted the 1.2926 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened. The breakout

Miroslaw Bawulski 17:24 2025-03-26 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 26th (Review of the Morning Trades)

In my morning forecast, I highlighted the 1.0780 level and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened. Although

Miroslaw Bawulski 17:21 2025-03-26 UTC+2

How to Trade the GBP/USD Pair on March 26? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair traded with a slight increase, but the overall movement of recent weeks increasingly resembles a flat market

Paolo Greco 05:55 2025-03-26 UTC+2

How to Trade the EUR/USD Pair on March 26? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair continued its weak downward movement. This is visible on any illustration of any timeframe, after

Paolo Greco 05:55 2025-03-26 UTC+2

Trading Recommendations and Analysis for GBP/USD on March 26: The Pound Continues to Swing

The GBP/USD currency pair showed growth again on Tuesday. "Again," because recently, all movements of the British currency resemble a "swing" or a "roller coaster" – first up, then down

Paolo Greco 02:40 2025-03-26 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 26: The Euro Continues Its Sluggish Decline

The EUR/USD currency pair traded with only minimal gains on Tuesday, but the overall trend on the hourly timeframe remains bearish following the price's exit from the ascending channel

Paolo Greco 02:40 2025-03-26 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 25th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.2948 level and planned to make trading decisions from it. Let's look at the 5-minute chart and see what happened

Miroslaw Bawulski 18:15 2025-03-25 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 25th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.0779 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and examine what happened there

Miroslaw Bawulski 18:13 2025-03-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.