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Cablelong

GBPUSD | Range | How To Work ItLooking for buys within this range at the moment. Things are looking like what we spoke about in this week's market prep. Ideal scenario We attack buy-side liquidity, then we see a minor sell-off from UK close to Asia Open. Right now the activity within this range looks bullish because we have a void above price and the price has been clearing the sell-side orders. This means the buy-side should be cleared next. Price is like Pacman, all it wants to do is eat orders. I'm actually still bearish overall on this pair at the moment, depending on how this progresses things could change, (targeting 1.3800) I wouldn't be surprised if we retraced all the way up to those two red zones, then see a heavy dump off, Keep in mind GBP has some red folders on Thursday morning. Might be safer to work within this until then, then let the news do its thing.
by elevatedinvestor
GBPUSD - Pathway to 1.38Hi everyone, sterling went through a turbulent previous week ranging from 1.36114 - 1.37500. Towards the back end of the week we saw price make yet another attempt at the 1.375 level but failed, visually producing a 'double top' price structure and ultimately price falling away from the highs. Sterling is still proving to be quite strong in these market conditions and i still hold onto my bullish bias with 1.38 in view. This week i'm expecting cable to continue its bullish rally back into those high levels. It is important for me to highlight that sterling/usd is currently squeezing into a tight range and a breakout is forming so expect some range bound moves. The price entry, stop loss and take profit is highlighted. Use responsibly. Will keep you all updated on GBPUSD as we move through the week. effEX-ike
Long
by Ikeokeke25
GBPUSD December OutlookThe cable has had a bullish run so far for some months. A swing low(as shown in the chart) was formed and price continues its bullish run. I expect price to continue its bullish run to the order block at the 1.3700 price level (also shown in the chart). There seems to be a lot of liquidity at the level as a result of relative equal highs which makes it an added confluence and high probability to go bullish to the order block. As per the analysis I expect a 'bullish cable Christmas'. haha. Follow me for more trade ideas and general market commentary
Long
by Jay1906
GBPUSD - Expecting bullish continuation 11 Jan 2021The daily chart above shows how this pair has been grinding its way to the up side within a channel structure since end Mar 2020. After 02 Nov, it has not come even close to the channel bottom and a much tighter inner channel has formed. The resistance at 1.3500 has been overcome, so I zoomed in on H1 chart (see below) to take a closer look. A short term support has formed (blue box) and price has bounced above it for the entire previous week. I see no reason to change my bullish bias and can see a final target at 1.4350. However, for the coming week, I am looking to target 1.3660 with stop below the lowest low of last week. This trade, if it works out would yield 4.4R. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
4
GBPUSD long ideaPrice is moving in an up trend and it clearly needs a retracement (RSI Divergence). After the broke of 1.36 (Our last setup wasn't respected.) we are watching to a retest of this zone and we found an IPA zone which corresponds exactly to our 0.5 fib level of the leg. In my view price at the open will go to 1.3700 and than down to our IPA zone for the retracement. I placed a buy limit to 1.35717 with 1.38 as TP and 1.3525 for the SL. Let's see if my prediction is correct.
Long
by marcomihaicondrache
2
CABLE (GBPUSD): WAVE (C) in play - daily chartI think that we are in a corrective ABC structure inside a wave (C) in the daily chart. According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also. So if this count is correct we may have 3 different potential targets for the completition of this (C): 1) 1.374xx in case of a regular flat 3-3-5 ABC 2) 1.43 in case of an expanded flat 3-3-5 ABC 3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile) Lets see what will happens!
Long
by fra978
EURUSD- Potential Bullish continuation?!Technical Analysis - EURUSD has been in a uptrend since 25th may 2020 and has shown strong bullish momentum ever since. - There has been loads of confluences shown in the higher time frames which indicates that we should be looking for buy this pair. - 50 and 200 EMA added confluence to go long as it shows bullish trend on the higher timeframes. - On the 4 hour we can see an ascending triangle which is another confluence for me to buy and a good opportunity for me to enter on the reversal of the resistance turned support of the triangle. Fundamental Analysis -The fundamental news for the this week shows loads of high impact news on the US Dollar 10 high impact news releases for the week. -These impact news include news : retail sales, crude oil inventories, fed interest rate, FOMC press conference and many more... I would be wary trading around these news releases as impact news can have a major impact on the EURUSD pair such as price spikes, sudden change of trend. Sentimental Analysis - According to COT Data, there has been a large amount of orders as 62% of short positions have been placed on the US Dollar in the past week by commercials (banks). - This could show that there could be a potential reversal in prices to the downside to catch out the retail traders who are long on this pair. Please make sure to follow, like and comment your ideas/opinions on the EURUSD!
by LDForex_
2