GBPUSD Buy Alert: 400 Pip Opportunity in a Quiet Market 🚀 GBPUSD Buy Alert: 400 Pip Opportunity in a Quiet Market – Act Now! 🚀
In this timely video, we're stepping into a buy position on GBPUSD during a quiet market. With some news expected for GBP in about 6 hours, we're seeing a shift in sentiment where almost no one is in a buy. This is GREAT news for us if we're looking to catch a potential 400 pip move.
We'll cover:
Analysis of the current quiet market conditions
Insight into the upcoming GBP news and its potential impact
The extreme bias indicating we could be at the bottom of a 400 pip leg up
My strategy for entering now and holding for a swing trade
Join me as I break down this exciting trade setup and show you how to capitalize on this unique opportunity. Don't forget to like, comment, and subscribe for more real-time trading insights. Let's capture those pips together! 🚀💹 And remember to hit the Boost Button on this video to support our Trading View community!
Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.
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Confirmation in my hand: This is bear trapHello guys, in this technical analysis, there are other opportunity to put in short movement in EUR/GBP, But, don't believe of what is your imagination, because this is a pur bear trap to trap all bullish to put in long, so, there will be I identifiy a possible drop of this price, but a nice opportunity to put in short. Also, lets me see that the price action it's spoke us. Well, I identify a double top and RSI is losses force to continue up, so the % to will going to bullish than bearish is 30% of probability to put in long than 70% of probability to pun in short movements.
So, this is my technical analysis in H4, also, did you remember of the previously hours that I reccomend to closed up your position, well my prediciton it's was ok, but also, we found up a other confirmaiton to respald a bullish or bearish sentiment, because, price action never lying us. So, the sentiment os bullish is false, the bearish scenario as I knowed is here.\
Also, I add my link to related ideas that I respald my analsyis before to make do this analysis. so good luck of your opperation!!!
Possible continuation to pick up +200 pipsWell, in this technical analysis, if you put a signal of buy yesterday of my updates of this par, congraluations and the objective is to find up 50 pips. Well, we are to break up the ascendent channel and we hope that the price go down a little and hope confirmation of price action a candlestick bullish as hammer bullish, doji bullish or a gran candlestick bullish, this is a rule to operate right in trading. So, I put an alarm of this zone of Buy zones in bold black. So, also, it's very interesting to see in H4 timeframe the trend.
But, in H1 timeframe we have a confirmation of price action bearish, because the price is need to down 15 pips approximately and then hope the confirmation. And not using indicators, because price action is very well that using indicators, indicators lying a lot and they deceive us.
But the run is so bullish in this par, lests me see to explain why the EUR/GBP it's can be to reach 0.92.
Fundamentals Analysis:
*If you see my EUR fundamentals, I invite you to check our my previosuly technical analysis for EUR/USD in my link related ideas* Now all fundamentals is about the UK and what I writing below
1. Bank of England increases bond-buying programme.
2. Sterling slumped this afterrnoon after the Bank of England increased its bond-buying power by 100 billion of pounds to help the coronavirus-hit economy
3. BoE also left interest rates at 0.1% and said it expect the new total of 745 billion of pounds in government bond purchases to be hit by the end of 2020.
4. Forex-Pounds cedes further ground against dollar as Brexit worries resurface.
5. The pound extended losses agains the dollar today as signs the U.K. and EU relationship (United Kingdom and European Union relationship) ship remains fragile soured the seeds of doubt over whether the U.K. will be able to post-Brexit deal before the year-end deadline.
6. Bloomberg reports at the end of this year transition period, the EU said it would impose full customs controls and heck on U.K. goods in 2021
7. The U.K. said that is the first half in 2021, most firms morning good into Britain nation and would get six months to pay any tariffs due, even if a post-Brexit deal is not reached.
8. Signs that the U.K. - EU relations still remain fraught with completion has sowed the seeds of doubts over a potential trade deal, cooling some of the recent optimism reported earlier this week.
9. A commentary of U.K. Prime Minister Boris Johnson said earlier this week, he would work with the EU to find common ground to break the deadlock.
10. The BoE said it stands to support the economy and boost inflation to it's 2% target
In summary in all this fundamental, U.K. is to do happen a horrible situation in this nation and they will be a cautions of the economy and Brexit about the U.K. abandoned the E.U. So, friends, EUR in this par it's will be very bullish as I see in my eyes and there are not exeption that EUR is more optimist in the midterm as a best currency that it's gains in all pars and one of the currency appretiate in 2020 althroush the year.
Well, in the next there, I am interesting to make a technical analysis of EUR/GBP in saturday to analyse in Monthly, Weekly and Daily to see in long term how I see EUR/GBP, and also EUR/USD. Because EUR/GBP is an indicator of the EU and this is a bad or good for EUR/USD and the EU. in saturday, I will be to do making a special technical analysis for EUR/USD and EUR/GBP what I expect in long term, an also, I will going to search information of What is Brexit? Consequence? and more to you learn about this theme.
Bullish divergence in EUR/GBPHello guys, in this technical analysis, I found up a bullish divergence in the RSI.
So, in conclusion, if EUR is bullish, GBP and USD is bearish scenario. So, I found out that EUR/USD and EUR/GBP is bullish while the all situation and problems in that countries. Si, in this tecnical analysis, I will go to adapt a potential signal of trading. So, we are in formation in the ultimate shoulder inverted into this ascedent triangle with continuation bullish pattern.
So, in H4 timeframe we see that this 2 dojis what apperas in the past 8 hours, we see that a possible and notify us a change of price action. So we look up and sleeping out what we see.
So, the objective is to pick up 50 pips. And later of there, we need to hope if the price it's can be to break up, in that case if see see a grant candlestick positive based in bull, we could to enlarge our take profit to pick up more pips. And important to use break even once again when you go to profit.
And I add my previously technical analysis, but some important, after of I make the previously analysis,there are not see a bullish divergence, but it's important for me to detect opportunity to trades, not only to earn money, but make pips objective, but based in my weekly percentage that it's 20%