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Gbpusd1hr

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
GBPUSDThis is a possible short trade. We must carefully watch the price action specially where it would reach in the C point. What is shown in the chart is a possible .618 to 1.618 trade making a perfect ABCD pattern ideally, but this is not the perfect world. Where the C point reaches dictates the Termination of the D point. Where ever that might be this is a short short trade, cause the trend is UP. It is important to note that The PRZ will be the determining factor of this trade. The violation of the PRZ will invalidate the trade. Eg. The understanding the Price Action in the PRZ will make you a winner. Trade Carefully and Be a winner
Short
by richbautista30