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Gbplong

GBPNZD long swing trade 3:3.34 RR high probability tradeConfluences: -Price just broke out of the 4H consolidation area -Personally now I'll wait for price to come back to retest the consolidation area -For an aggressive entry: I'll put a buy limit at the top of the consolidation area -For a safer entry: I'll put a buy stop when I see signs of rejection and continuation to the upside Additionally the weekly closed very bullish, and the consolidation happened at a quarter level, giving me a high conviction on this trade. However there is always the risk of a fake breakout so be wary. What do you guys think?
Long
by Fed02
GBPUSD - Long on a Short Term Movement? Hi, If you are looking on 4H Chart, there is a trendline which has been breached which is signaling a downtrend. Lets look at the smaller timeframe where we can decide on our next move. I am going to the 15M chart to find another downtrend channel that could contribute to a further downfall of the GBPUSD. Note that if the channel breached the upper channel, there is a potential of reversal on the move. However, also note that the channel can be tested, pull back and trend continues. I am going to be neutral on the long-term movement, but Long on the short-term movement. Happy Trading!
Long
by TheWallPipsJournal
2
> GBP/CHF Breakout high GBP Strength across the board SELL CHF <We have been only trading on the long side of GBP across several of the majors during the past few weeks and have had some of easiest timed trades focusing in one direction. A lot of money is lost by traders trying to trade both long and short especially within the same timeframe chart. A lot of the feedback we get from traders is how to identify the best pairs to trade, there is so many ways to identify the very strongest VS the weakest Currencies at any moment in time. Our Currency Heat Map is just one of the ways we are able to filter for the best currencies to pair up and trade. GBPCHF has been fairly predictable and easy to trade the past few weeks with GBP remaining in the top of the table and CHF consistently near the bottom. Price action has been very clean too. Although original stop loss being tagged by just a few pips on the 11th another very easy opportunity was given to us to renter on the 12/02/2021
Long
by seekingpips
GBPTHB Long term.Hi everyone, looking at GBPTHB, we may see that GBP formed nice candle patter to the upside, also it's at 16 years low from where we should see a pullback at least to 50 fib. As brexit, covid drives markets, loots of people will seek holidays in warm countries once allowed, and as Thailand is beloved by Brits, we may see a skyrocket in the price of thb. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
1
GBPUSD BACK TO UPSIDE?Goodmorning squad, hope you all are doing well, lets get this trading day started BAYBEEEE. Before we get into it be sure to leave a llike and feel free to follow because i post constant gbp ideas as well as gold. If there are any other pairs youd like to see, type them in the comment section and i will consider ther pair depending on the market for it. But without further a due, lets hop into it: As we can see, last night, or london session rather, the price of the pound was very slat, very minimal price movement, and towards the end of the london session (like very early in the US), the price decided to decline a little bit. AS of a few minutes ago, price decided to spike upwards and this can either be a major stop hunt or market maker trying to move back to the upside. My tips to you is to wait until we hit one of the levels i have marked on the upper bound area of a chart. Basically wait for a level where price gets rejected and see the price action afterwards. We would need to wait for those levels to be broken or for price to get a rejection. We wouldnt want to enter now because its foolish to enter in the middle of a move. In true honesty, longs seem more likely simply because if we takea. look at the 4H, the market is still technically trending upwards. So let's wait for price to hit these upper resistances that way we can have a safe and precise entry ito the market. Remember, mitigate risk, maximize reward. Thats what we are all about as traders, profits dont matter as profits follow good trading. Thanks for reading this yall, sorry the analysis is kind of less structured, price isnt giving me any hints as of now LOL. Remember: OBSERVE, EXECUTE, PLAY. JOIN THE PRECISION FAM AND FOLLOW ME!
Long
by fastboiijd
1
GBPUSD AT A STANDSTILL; POTENTIAL MOVES...Whats up guys, im back with another gbp idea. Before we get into it dont forget to show your support by liking this idea!! If you want to stay up to date with all the trades i post on this platform, go ahead and follow me, i post twice a day usually, unless im super focused on my charts. BUT lets jump into it: As we saw earlier today during the ny session, the pound had a massive uptrend as soon as 7:30am hit, before the NY session, price was sht down heavily as we eased into this monday. As we stand right now, we see that price is relatively flatlined, a support formed on the bottom as well as a small resistance up top. We must wait to see what price does in this channel but there are two potential outcomes in my opinion. So as i am typing this, it looks as price will break the top resistance i have in yellow. Assuming this happens, we can be safe knowing that price will rise to the next recent pivot point which i also have marked in green, As price breaks the upper level of this rectangle we can ride the buy up top or wait and see what price does at the higher target. Remember, price action is key and will always tell the move of the market, just be observant. The other scenario that could arise is we could break on the bottom of the rectangle, continue downwards as we did yesterday early morning during london session. We will use the extended wicks as price targets, we treat those as markers used by the banks so they can see where they need to move price to become break even with a major sell off or major buy. So we will wait to see what price does within this channel but either way we are patient and observant. Price action is our best friend and we will treat it as such HOP YOU GUYS ENJOYED THE LATE NIGHT IDEA, REMEMBER, TRADE SAFE, TRADE SMART, AND TRADE PRECISE. SEE YALL IN THE NEXT IDEA
by fastboiijd