GBPUSD Potential long scenarioBefore entering:
- waiting for a push to break the 4hr zone
- waiting for exhaustion
- looking for price action confirmation (e.g. bullish engulfing candle) to close on 4hr tf before entering long
-
Cablelong
Cable Relies on Brexit NewsWith no major data releases today, Cable is expected to react on non-economic news, notably any developments coming from Theresa May's visit to Northern Ireland to meet political parties. The meetings will provide them with the opportunity to discuss the Ireland backstop, the political impasse which still plagues any potential Brexit agreement. Yesterday, European Commission President Jean-Claude Junker allowed the possibility for adding to the existing agreement, something that the UK Prime Minister will seek to exploit.
Technically, Cable is trading between 1.2986 and 1.2935, the Fib. 23.6% and 38.2% levels respectively. The overall short-term trend, according to the MACD indicator, appears to be on the upside, with a similar reading coming from the Stochastics. The two levels appear to be quite important for the pair, especially on the Support side, given that it has been trading in this channel for hours, despite a small breakaway yesterday morning.
Come join us today at HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
buying GBPUSD on the dipsIt is my opinion that the pound is still bullish so my plan of action is to buy in areas of support and dips
GBPUSD: LONGGBP/USD LONG @ 1.28632. Missed the better entry signal at 1.28030 my system printed on 01/09 so my R:R is not-so-hot at 0.7. This one could take some time to reach T1 and I'm expecting a bunch of mood swings, per usual for Cable Pairs.
Ahead of Brexit Parliamentary VoteTheresa has repeatedly warned her own MPs that a rejection of her deal could lead to a general election - or possibly "no Brexit" at all.
Do you guys have the gut to catch a falling knife?
Up channel for GBPNice little up channel formed on the chart. Fib resistance level rejected at 1.297, probably going to retest that level a few more times before breaking to the upside.
Another day another SupportMorning all from Phoenix, AZ! Simple chart this morning showing the fib retracement levels and a support trend line. I expect the Brexit stuff to have more clarity before Monday and should see the pound bounce in my opinion. Have a great weekend all.
GBPUSD LongTrend is definitely up. You can clearly see the POI is in an upward trend. This is an indication that demand is present and price will continues to trend up. As a long trade set up, you can wait for price to retrace back towards the POI and set your stop loss at the POD.
If you wish to know indepth explanation on POI and POD, visit my patreon. Have a nice week!
GBPUSD: Double bottom at 1.27Cable has reversed strongly off long-term support at 1.27 to reverse the short term downtrend
Preference = go long with the trend reversal
Scenario A) price pulls back to 1.283 before continuing to 1.30
Scenario B) bullish momentum provides no short term dip-buying opportunities so wait
GBP/USD Long Setup Bullish divergence on the H4 using stochastics shows price exhaustion and a well due correction for this pair. Cable should be well supported at the 1.2920 level and on the H1 we see decent rejection of this zone, which could be the start of the reversal of around 120 pips.
Bullish Crab on GBPUSDOn the 4hr GBPUSD chart we see a bullish crab has formed. The D leg has drastically stretched. Look for bullish evidence before taking this trade. I expect the pound to recover and gain strength. All the best mates
Pound Against the Dollar...the Tide is Up :-)Financial Markets behave similar to the ocean...it produces waves ...just as much as the ocean doesn't flow smoothly to one direction ...financial markets too have high or low tides...and a high tide in this case a bullish market is a series of lows and highs its not straight highs always :-) this has taken me soo much time hectic days, long nights,,,,,learning learning even more ...
am getting there...#thought i should share.
Trading is risky not recommended for amateur investors, trade at your own risk, setup ideal for educational purposes.
#GBPUSD
#POUND sterling
#BUcks
#Cable
GBPCHF LONGTrend continuation trade. Price moving in consolidation. CHF have been weakeing since a few months because of its overvaluation. GBP might loose bullish sentiment as a whole but in my opinion will remain stronger than the cable. Breaking above consolidation. Targets 127.2% or 161.8% fib extension. Good Luck
CABLE BREAKOUT LEADS TO 1.45 LEVELS $$$$EYEZ ON FX:GBPUSD $$$
BULLISH LONG TERM TREND
BREAKOUT FROM EARLIER HIGHS ? OR A BREAKOUT FAILURE ? BULLS ARE STRONG ON CABLE SINCE BREXIT DOOMSDAYERS
OANDA:GBPUSD IS DOING WHAT IT DOES THE BEST $$$
GBPUSD - H4 - BUY TRADE/SIGNALGbpusd - H4 - Here's an analysis of a trade signal given in my privare group. Over here we a have a Buy signal for gbpusd pair which we entered at 1.4140 with stops at 1.4080 and tp 1.43 - 1.44. Ball out!!!
Medium term analysis of GBPUSDNot much too say. Details are in the chart. GBP is setting up for a much higher price.
Go long until 1.45-1.50. Stop loss under 1.38
Stay tuned !
