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Gbpusd1hr

GBPUSD @ 1h @ Trading Box (1.2505 & 1.2674 ) 50th week `16After the last selloff in October`16 we`re in an intact upside trend in GBPUSD right here right now ... The trendline runs netween 1.2450 & 1.2500 this week (50th week `16). Prices above confirms only the upside trend! Basic price action should be next 5 days in this trading box !? 1.2674 was monthly high last november`16 1.2505 was this month (december`16) low A BreakUp (of the trading box) could imply new December`16 monthly highs - even 1.2776 & higher. A BreakDown )of the trading box) will test the upside trend (even between 1.2450 & 1.2500) - lower prices could initiate price pressure to 1.2333 (October`16 high after selloff) & november`16 (1.2299) at least ... Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
by Devise2Day
GBPUSD Long - Elliott Wave Setup for Wave 5I don't usually trade Elliott Wave but this setup jumped off the chart and slapped me in the face while looking for reasons to go long GBPUSD. 15th August saw the beginning of the 1st wave with a double bottom at post-Brexit lows. To kick off leg 2, on Thursday 1st Septmeber UK PMI Manufacturing came out at 53.3, above the projected 49 and far exceeding July's figure of 48.3 and that sent PigDog soaring by 135pips in 1 hour. Friday 2nd September saw a big USD miss when NFP were worse than expected, giving Cable another ~90pip boost. Monday 5th September saw more good news for GBP with new car registrations up 3.3% and further PMI data exceeding expectations, whilst on Tuesday 6th more bad news out of the US saw the USD weaken. Mixed UK data on Wednesday has seen the GBP fall against the dollar, retracing back down to 50% of wave 3 in a 5-count correction (wave 2 was a 3-count, therefore you would expect wave 4 to be 5-count) and back into previous structure resistance. I will now be waiting for price to head up and will enter upon seeing a 21/55 EMA cross to the upside to confirm that the market is turning bullish, and a 5/8 EMA/SMA cross to the upside to confirm that price is now following the trend. Stochastic and MACD oscillators will also be used on multiple timeframes to confirm my entry point. Stops will be 50 pips or just below the 4/E swing low, whichever is tighter, and my conservative target will be 220pips north at the Monthly M4 pivot point.
Long
by Mase_00_7
Forex Market Analysis And Trading Tips Feb 17th 2016SUMMARY: The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair. STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Short
by piponomics
Technical Analysis Idea GBP/USD - 04/02/2016The British Pound retains a strong upward tone after of the BOE's economic policy statement, trading a handful of pips above the fresh 4-week high posted last Wednesday, and pressuring the 50% retracement of the latest daily decline between 1.5239 and 1.4078. Carney says the Bank of England expects real incomes in the UK to grow solidly this year, after several lean years. And business investment should also continue to grow strongly. Retracements are now seen as buying opportunities, with short term supports at 1.4605 and 1.4560 ahead of the critical one at 1.4530. This last should keep the downside contained in order to maintain the bullish potential. www.tradingsignalreviews.com
Long
by piponomics
2618 setup / Long the 61.8 retracement / Short Crab // IF=THEN ®FX:GBPUSD Let's see what the market is cooking, at the moment began a retracement and pulled in 61.8% from previous weekly support. IF the price break the previous structure, and IF starts a new fall that reaches the 61.8%, it forges one bullish 2618 setup with expectations of an upward move that by "default" breaks the nearest structure pressure zones, or resistances in this case, generaly speaking, IT CAN give us a rally. At the same time, and this is why i'm publishing this idea a second time, and deleted previous on time, an eventual Crab pattern (with the point C at its limit) appeared on my sight with a target near previous structure zone. (look left) Long the 61.8% retracement Short the Crab when completed (point D) CRAB Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: 161% ext XA 224% to 316% ext AB Targets: TP1 61.8% CD TP2 127% CD Ratios: Safe trades;
Long
by Andre_Cardoso
1
GBPUSD GAINS NOT OVER, DON'T PULL OUT !this morning i posted a trade on this pair stating that we are looking for targets at the 1.618. however we are seeing a slight pull back that may scare a few folks into pulling out too early. this morning i mentioned a bit about pattterns always completing, so i'll show you what i mean and why you should stay in till target. look where i placed the black arrow. Measure from the top to bottom of that small move (red trend line, and place it at the high of the current pull back and see it lines up perfectly at the 1.618. this little move never had it's pair and it's now being completed.
Short
by DayFarrell
1