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GBPUSD: Weekly Forecast 19th September 2021GBPUSD broke out of a minor range and headed south, essentially reversing the course of a short-term bullish trend. Overall, the market is still seen trading within a range between 1.3960 and 1.3610 and it is most likely to continue heading down towards the bottom. We can also see a symmetrical triangle forming so the rebound from the bottom may take place a little earlier at 1.3680 which could also be a buying opportunity. This week, we will focus only selling, awaiting pullback towards at least 1.3770.
Short
by AlgoVenture
MASSIVE DAILY INVERTED HEAD AND SHOULDERS ON GBP/USD!Hello my beauties. I noticed this massive head and shoulders has formed during the pandemic.It has led the price to break a bearish trendline that had been lasting since November 2007. Since the pound has been in such a prolonged downtrend, I wouldn't be surprised if it came back down to kiss the trendline, so I'd be wary of opening longs right now. The ideal scenario would be a drop around the trendline and a price reversal from there. I will be observing this pair as I believe it will be providing multiple opportunities. Check out my other analysis in the description. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
by TrickleDownFX
HAS ANYONE ELSE NOTICED THIS MASSIVE FALLING WEDGE ON GBP/USD?Hello my beauties. I think that the cable has just broken a massive falling wedge. I believe it might kiss the trendline goodbye before leaving for good. If the pattern is set to complete, the opportunity could be massive. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Long
by TrickleDownFX
GBP/USD POSSIBLE LONG SCENARIO! WYCKOFF ACCUMULATION SCHEMATICS!Hello my beauties. I believe GBP/USD might be reaccumulating after breaking a very long term downtrend. I will be longing in case the prices breach the range to the upside. For more aggressive traders or range traders the opportunity is here already! If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
Long
by TrickleDownFX
EURGBP may setup for another bullish move with a bull flag. The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up. Whenever you get a sharp reversal, then a shallow pullback, the risk builds for a continuation move. 
Long
by ForexAnalytix