GU 4h - Near TargetGBP/USD is near our target.
It is advised to close 75% or more of your position if you haven't already.
Subscribire for future trade ideas.
Cablelong
Weekly support zone being tested1.2-1.21 - That's the price zone you should focus on if you are looking for bullish trades on GBPUSD.
The Cable is testing a weekly structure zone, psychological level and the PRZ of a daily bullish Bat pattern.
$GBPUSD rangingEven playing safe with the Feb-07 low and accepting a range, there is still a 5.5:1 trade here
Gbp bullish move towards 1.27500Im looking at the Gbp usd to continue to trend from the underside towards 1.27500 resistance before sellers get to gain control again.
The 1.25500 resistance area need a big strong push through to reset recent data and continue up.
Will keep posted with updates
$GBPUSD Can't find bearish flagsCan't find any bearish flags to suggest a further fall, buts lots of U-shaped moves, suggesting a move back to 1.27. Also note 50% fib.
Possible Inverted Head and Shoulders on cable(GBPUSD)The last session closed like this, it's very close to the neckline of that potential inversed H&S, if completed the price should recover from the flash crash, target 1 touching the yellow line around 1.262-1.263 target 2 touching the red line and the flat kumo arount 1.267, once it'll be hit, we could see the bear trend resuming.
Could expect a gap up at the opening, I don't believe yet in a longer bullish trend.
Cable in zone for longsCable swing low forming after exhaustive move , like longs for multi day / weeks hold . entry 1.2635 , risk 100 pips . Will exit on my bullcount algo when turns using 4hr tf once swing is confirmed in next 24 hours
GBP AUD LONG SCENARIOCurrently long on gbp/aud. risk to rward is very good on this trade 1:4. lets see how it plays out.
H1 Inverse tradeOnce Head and shoulders plays out out Ill be getting long on the inverse level marked in red
GBPUSD (Cable) Potential Long If Pullback Occurs - 15 MinuteGBPUSD 15 minute play here. Basic analysis of support. Pullback is in line with the 50-61.8% fibonacci retracement levels. If support holds, we will look for the market to target previous high at 1.31573. We will wait for price action instead of inserting a limit order (bid) in the pink area.
Simple Long on GBP USDLong position according to Fib retracement and trend line ranges drawn.
Does not include fundamental affects, yet.
Long and then Short GULong GU - It must go up before heading down.
Possible reason for downside - November BoE could cut rates further and add to it's current QE.
EU talks also start about Brexit towards end of 2016 so keep an eye on that.
gbp/usd: 2 ways we can attack the marketAfter the brexit, the GBPUSD has been consolidating, trading sideways, that is a great scenario to trade between the structures, in this case in particular we have a 115 pips wide range where we can either buy at @1.2968 or sell at @1.3084.
Depends on which gets filled first
The best opportunity for us is the short one, because it has a significantly major level of structure
GBP/USD IN RANGE. POSSIBLE LONG [4HR]Cable is closing in the bottom of this 1.47073-1.43307 range . Possible long around 1.43500 area with a 50 pip stop loss . Take profit is at the top area of the range around 1.47000 if all ends up working out.
DiNapoli Trading on GBP/USD 400Pip move expectedAs you can see in the link below I have expected price to test and bounce from this area 6 days ago. I just saved it private for me because I only decided this weekend, that I would start sharing my whole arsenal of trading strategies and methods here on Tradingview.
I fully expect a move to the OP (1.48) this time as the combination of the 0.618Fib level and the big Trendline is pretty strong and the most recent developments with Davids EU deal should help further. Also I think that these developments came too late on Friday and are not fully priced in yet and could cause some early volatility at market open on sunday.
1.48 is also a important retest of lows that go back to middle 2013
How to play it?
Either enter right at market open but I'm pretty sure you would have to live through at least one retrace, even if not right away. Or let it run a bit without you and enter on possible retracement on lower timeframe.
In any case before Friday your stop, if you wanted to bet on a further upmove in Cable, would have needed to be under 1.41 but now you can do the same bet with a stop under the recent structure( around 1.424). Cause it is total clear, and I mean TOTAL CLEAR! that if it takes out this structure now it will move and take out the low and continue into 1.30s.
Enjoy and lets make some pips!
