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Gbpananalysis

GBP Update 10.24.2020The GBP (or Mr. Toads wild ride) has been choppy and extremely volatile, but... there is a trend underneath all of that madness. The GBP is slowly grinding to the upside. There is a pretty clean ascending channel on the 4 Hour (see chart below). Who knows what the GBP will do in the short term, but the last push to the downside is overextended and without consolidation, so we "should" see a push to the upside soon to correct the imbalance. Expect extreme volatility and a long term bias to the upside. If you want access to the Currency Matrix used on this chart, you can get it here: tradevision2020.com
by riffster21
2
GBPAUD: Analysis- longAnalyzing GA from the daily I noticed price is in a key-zone. Dropping down into the 2hr timeframe allowed me to confirm my decision on direction. Price is now at a pivot point gearing up for the bulls. To add to the key zone I marked off I have a median within the key zone which price has already tested, and failed to break on the last candlestick which is also the 0% on the Fib. Before entering a trade i'm gonna wait for more orders to be filled, price could head to my next key zone over time, but for now I will ride price to just a little above the 61%.
Long
by lobfxempire
2
GBPAUD: AnalysisGoodmorning traders!! GA is looking to go either way right now, its sitting at a key zone right now, and on the 4hr price is about to close under my parabolic sar which means price is gonna eventually close under the current candlestick on the 4hr. Overall for me I see more bearish indication than bullish, I feel eventually price will pull back and retest to the ascending channel support line, and continue rising from that area. Price could also turn around where it is now because just like it has before price could either do two things at the moment, go through the key zone for a nice sizeable move, or test the area and shoot back up. Leave your thoughts below!
Short
by lobfxempire
GBPUSD: Short Buy SignalHello! How are you? I'm back with another signal! Ok, let's go to the chart... -------------------------------- I say Buy because of: 1- RSI: under 30. 2- MFI: under 20. 3- It is on a strong support zone right now. --------------------------------- Happy Trade... Have a Good Week... --------------------------------- Please Like and Share my Idea about GBPUSD! Any Question or Suggestion? Just Comment or Message me! --------------------------------- Mahdi On Forex
Short
by CipherFxAnalysis
Still some good buying pressure in GBPOn the chart above you can see two falling wedges in the bullish market which resulted in two strong breakouts above EMA 50. This points to strong bullish pressure on the 15M chart. Also we see that RSI approaches lower bound (30 points) around which it is expected to rebound as it happened in three previous cases (shown by blue shaded areas). Note that RSI reversals from lower bounds work better in during up-trending markets which we currently observe. Trade setup: BUY GBPUSD. Entry point 1 - 1.30845, Entry 2 - 1.30645 Take Profit 1.31450 Stop Loss 1.30420
Long
by PipVision
third short at 1.3480 for target 1.3330 SL 1.3545my third short in 10day my 2 first was won with total of + 170 pips AS a fail of 1.3610 many time and rejection As Merkel faces coalition talks ( it impact brexit also) AS dollars start Strenght since FOMC and Yelann Hawkish talk and view Also in Daily all MA are very far from the price so a more deep correction is legit and some other reason i not have in mind right now Only thing i just seen is GDP Wednesday...i should wait it or up my SL,but on swing view i think nothing change. RR 1/2.1 ( is not the best RR for MM but is an exception) but as usually i won more than 60% of my trade and got already 2 time gain with GU..it will be ok
Short
by corsicasia