GBPUSD Buy H1High Impact news for US Dollar. HUGE Buy opportunity until New York Session.
*BUY THE RUMOR. SELL THE NEWS*
Gbpusd1hr
GBP/USD Buy SetupI see a buy opportunity since it got equal lows, stop run and clean BOS. Just entered buy with 1:3 Risk Reward
GBPUSD Bullish GU GONNA BULLISH. IN 1H CREATE HIDDEN BULLISH DIVERGENCE WITH SYMMETRICAL TRIANGLE BREAKOUT!
GBP/USD Trading in Upward Channel.Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at 1.3911.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
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GBPUSD LONGWith the price point now reaching a consolidation area following the recent general elections. I see the the strength of the pound greatly encouraged by the re-elected Boris Johnson.
There is the possibility for the GBPUSD to reach daily highs in the coming days. With an almost certain retest of the 1.32250 Price point (to form a right shoulder in a H&S pattern)
Not to forget the MACD and RSI confirmation.
GBP/USD.... Go short & Enjoy the fallGBPUSD is breaking below the trendline on hourly charts, On technical analysis ground it showing the weakness after a great run up, It can be a exhaustion after a good pull back so losing strength and momentum at this point of time so the weakness will not continue for a longer time and after taking a support it will get ready for the next run up in uptrend.
For trading point of view better go with the short position at this level with keeping an stop loss mentioned in the chart and wait for the target, after reaching the target keep trailing for more, In case if stop loss triggers go buy at the same level and then wait for a good run up.
All the best!!
GBPUSD SHORTLooking to go short here. Descending triangle after a breakdown. Target price's are both green X's. I am more focused on the second X as that area has had more previous accumulation.
GBPUSD Multi Harmonic Pattern Analysis and StrategyWe see the formation of a harmonic shark and butterfly pattern on the 1 hr chart. Both of these harmonic patterns are bullish indicators. Therefore, our strategy is to trade and target the 4th legs of these formations. FX:GBPUSD
GBP/USD Long Idea (5/8/19) Daily Chart GBP/USD Long Idea (5/8/19) Daily Chart
- Price just rejected off of the short term 61.8% fib level and the long term 38.20% fib level. Price had a hard rejection of on the 1.30000 Monthly
Supp Level.
- Looking for price to continue up to the Micro level at 1.32500 which is near the -27.00% fib level.
(4HR Markup Linked Below)
GPBUSD Goin LonnngggAll kinds of bulls for GU this week. Looking to add positions on the pullback, and enjoy the ride!
P.S. Risk Easy My Friends - Rodknee
Time + Price = Better Than a GuessA major retracement is about to coincide with a major time extension level; simple squaring of time and price. Expect volatility to cause swings before resumption of upward trend. Combine with RSI and measure trendline divergences to determine entry and exit timing.
GBPUSD 30 PIPS PROFIT ON DOWTREND DIRECTION PREDICTEDPAIR CURRENCY: GBPUSD DIRECTION PREDICTED: DOWNTREND GBPUSD has been predicted for a downtrend.
After analysing bollinger bands and moving averages, I came to the conclusion to put a resistance level for gbp/usd at 1.2800.
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GBPUSD - INTRA DAY TRADEHey folks,
Saw this nice advanced M formation on the H1 with all the necessary confirmation.
Entered on a 1:1 RR (not really ideal but hey...) with 1% at risk.
Price @1.3246
SL @1.3270
TP @1.3220
Once price closes ABOVE 13EMA we take a scratch and kill the trade.
Happy trading :)
GBPUSD possible scenarioGBPUSD have been trading in a bearish channel, short term momentum is shifting so i am expecting for it to test the top of the channel and there I will reasses if worth to hold the long positions. For now, look for buys if you have your trading strategy.
Trade Safe!
GBPUSD Sell order at 1.4000Order to Sell GBPUSD at 1.40
If done. stop 1.41
Take profit Target 1) 1.3860
Target 2) 1.3622
Based on Fibo Extentions
GBP/USD tests 50% Fibo at 1.3485GBP/USD tests 50% Fibo at 1.3485
In essence, the past 24 hour the cable spent testing different support levels. In first hours of this trading session, it bypassed the weekly S1 and now is trying to pave the path through another support area located between the 1.3497 and 1.3491 marks. Despite an active pressure, these attempts most probably will fail because of the barrier formed by the 50% Fibonacci retracement level located at 1.3485 and the bottom trend-line of a junior descending channel. On the other hand, due to anticipation of the upcoming data releases the pair might prematurely reach the monthly PP at 1.3458. As largest part of pending orders in 50-pip range is set to buy, the currency rate, generally, is expected to make a rebound near one of the above support levels.
GBP/USD drops below weekly PPGBP/USD drops below weekly PP
As most of the American macroeconomic data released on Friday did not justify expectations, the cable ended the week in a green zone. Nevertheless, in the early hours of this trading session it started with an active plunge, slipping through the updated weekly PP, the 55- and 100-hour SMAs. An existence of two ascending channels suggests that the drop might be stopped near the 1.3545 level. In the meantime, other technical indicators point out that the two closest notable support levels are located around the 1.3540 and 1.3500 marks. Nevertheless, there is a need to take into account that majority of pending orders both in 50- and 100-pip ranges are set to sell.
GBP/USD does not succeed to climb above 1.3400GBP/USD does not succeed to climb above 1.3400
Despite adoption of tax reform and release of various macroeconomic data, the British Pound is continuing to trade against the Dollar in a two-week long symmetrical triangle whose upper boundary simultaneously represents the slope of a larger falling wedge pattern. Because of an empty economic calendar as well lower liquidity the cable is expected to remain within the above patterns today. In the meantime, an allocation of pending orders suggests that traders are rather eager to acquire the Sterling, which is contrary to the generally bearish market sentiment. From daily chart perspective, it looks like the pair will make inch higher from the triangle due to support set up by the weekly and monthly PP located around the 1.3370 mark.
GBP/USD forms new triangleGBP/USD forms new triangle
Yesterday’s plunge to the 1.3330 level with the subsequent return to the 1.3400 mark points out that fluctuations of the cable are framed by the minor symmetrical triangle pattern. Theoretically, a combination of the weekly and monthly PP strengthened by the 55-hour SMA should a necessary support for a breakout to the top. However, previous trading session showed that traders are rather neglecting these technical indicators. Accordingly, these ups and downs are likely to continue until the pair an impulse from some fundamental event, such as final adoption of tax reform by the Congress. In support of this assumption, the pending orders in 100-pip range are equally split between buys and sells.
