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
Cablelong
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 !
GBPUSD / Cable Simple structure tradeBull Flag / Pennant on the daily/4h time frame, simple long off retest of Trendline. Cable has been lagging for a while, I think it's time for sterling to shine.
GBPUSD Strong Confluence BounceFeb 12, 2018
GBPUSD's price action just bounced off on Friday on a strong technical area of interest. There lies a confluence of 31.8% fib (2018 High and Low), ema50 as support, and an rsi divergence.
Go long on shorter time frames. Look for an opportunity to enter long.
Updates shall be posted on the comments. Stay tuned!
Short Term Bullish Until 1.39400 point, Break of 15min DowntrendInitial 15min downtrend was previously pierced, but now it has been broken. A new 15min Uptrend is beginning. This will continue possibly until the 1 hour downtrend line already in motion. Notes:
- Buyers are pushing to break the 50% retracement point (bullish)
- Possible ascending triangle up to 50% retracement point (bullish)
- 15min Uptrend in motion with multiple touches (bullish)
- break through 15min downtrend original line
- No clear sign of bearish divergence
