GBPUSD BUY, CAN WE PUSH HIGHER? TARGET 1.25500BULLISH COUNTER TREND CHANNEL DURING A TWO YEAR BEAR MARKET
DOJIS POST A BEARISH PULLBACK
50% FIB RETRACEMENT
Gbousd
GBPUSD will go down.. unless there will be a miracle news...We observe the golden cross in the price however, we must consider the long term trend which is in the C wave. If you will also check the daily chart, it will be clearer to see
the direction of the price. On the fundamental side, investors are looking for stability in the market before they invest in risky assets. In such, we see that the BREXIT is still in the shadow.
We all know that brexit is bad for UK, the worse scenario is no deal which will give a chilling signal for the pound. Again, I'm currently trading on the short term goal and staying away from
both day trading and hold strategy.
GBPUSD :) :) ONLY BUYHi Folks, we forecast GBPUSD to rally up, however trade safe, NO sell at all, bandkers tend to get a deep push before a strong trend starts.
NO SELL AT ALL
GBP/CAD 1-HOUR TIMEFRAME SHORTAs i mentioned in my previous post, this pair is correlated to the GBP/USD pair. Prices are also moving in a downtrend, after having breached an ascending trendline. . The price also broke out of a symmetrical triangle to the downside and completed a retest. Price is making a series of lower highs and lower lows. May the bears take over the world!!!
GBPUSD SHORTAs I mentioned in last weeks post, we are currently testing that 1.29-1.30 support. This area is going to be extremely crucial in determining what comes next but I am expecting a retest of the 1.305 ish price mark before a continuation of the downtrend. The MACD bearish Divergence is now currently confirmed signaling the just now start of that downward trend. The break of the trend line indicated will see us looking to retest the 1.28 zone which may or may not hold and failure to do so will find us headed back down to the 1.26-1.24 range. With HEAVY GBP and BREXIT news next week, I expect a crazy amount of volatility so we want to be very careful trading GBP pairs.
Remember, patience is KEY! GL
DISCLAIMER!!!!
My Ideas are mine and mine alone and are only to provide my perspective of the current market situation. Do not take my posts as trading decisions for entries or exit. Trading the FOREX market is very risky and indulge in it at your own risks!
Range trading: Forex as for 31/10/2018Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability.
EURUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.1281
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.1261
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.1242
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.1405
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.1425
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.1444
GBPUSD
Long position 1
(The price today will not fall below this mark with a probability of 68%) 1.2619
Long position 2
(The price today will not fall below this mark with a probability 95%) 1.2591
Long position 3
(The price today will not fall below this mark with a probability 99%) 1.2563
Short position 1
(The price today will not rise above this mark with a probability of 68%) 1.2792
Short position 2
(The price today will not rise above this mark with a probability of 95%) 1.2820
Short position 3
(The price today will not rise above this mark with a probability of 99%) 1.2848
USDJPY
Long position 1
(The price today will not fall below this mark with a probability of 68%) 112.63
Long position 2
(The price today will not fall below this mark with a probability 95%) 112.43
Long position 3
(The price today will not fall below this mark with a probability 99%) 112.22
Short position 1
(The price today will not rise above this mark with a probability of 68%) 113.72
Short position 2
(The price today will not rise above this mark with a probability of 95%) 113.92
Short position 3
(The price today will not rise above this mark with a probability of 99%) 114.13
Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. About mentioned probabilities are not 100% and do not guarantee risk-free trading.
GBPUSDChart menunjukkan Buyer telah memasuki pasaran GBP.Berkemungkinan USD lemah untuk sementara waktu.
GBPUSD structure analysisThe break of this trendline means several things for me :
-> possible restest of structure support.
-> confirmation of sideways moving period, which allow us to look for pattern trades, or other sideways moving strategies.
However the break of the trendline can create a downtrend on lower timeframe.
GBP/USD Long Term Trade OpportunityGBP/USD broke its 1st major resistance level and may soon be on its way to breaking another resistance level. The US Dollar is at a weak point right now but the GBP is looking healthy. Future economic news could push the U.S. Dollar further down and GBP well much higher. You might want to keep an eye out for this pair; I see a lot of good opportunities coming.
P.S. I created a key so that you can reference my line work and understand the fundamental part that each one plays.
I apologize for not being too elaborate on this post but it is currently 12:06 GMT and I have work tomorrow. Anyways good look trader, and feel free to ask a question if you need help conceptualizing any of my content.
GBPUSD Sell IdeaHello Traders,
I hope you guys enjoy this impulse. There still a lot of room to the down side. Now watch for trend continuation pattern to sell it, same as the previous one.
Good Luck!
Cheers,
Jonas
GBPUSD SHORT TERM BULLStrenght in the usd this couple past days. Probably due to the fact that it is so obvious that the Fed will make the rate hikes.
We will be careful this week, nevertheless, this trade looks really good. let's see if a good buy set up comes up, and if it does, BANG IT.
BEARISH TRENDLINE BREAK GBP/USDAfter a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line. A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward.
if market does not retrace, a strong close below 1.23113 will also provide a decent shorting opportunity with slightly lesser risk reward gains with targets also down at 1.2500
Trade Active + Correction in wave countHello, posted this trade a couple days ago. Had to make a correction because i made a school boy error in counting the waves which my mentor kindly pointed out. None-the-less we are still bullish on the pair and the trade is active and can be entered at this price.
Please keep in mind to analyze the pair yourself and only trade if you have a proper risk management system. Best of luck.
GBPUSD Buy Setup!!GBPUSD Retested the Upward Trendline and started to move upwards. I would expect the pair to go higher from here as First Targets around 1.3075 and Second Targets around 1.3250
GBPUSD BAT PATTERN ENTRY CONDITIONI recently posted the completion of the bat pattern on GBPUSD. My condition for entry on this pair will be for price to break out of the descending triangle and descending channel it is currently in, I will wait for a close above on the 4h time frame.
