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Gbpusd_forecast

GBP/USD Short TradeHey Guys! The current GBP/USD Daily Bias is short. Or in other words, price is likely to reach 1.3049 before reaching 1.3298. So I'm currently waiting for a pullback so I can take a short entry. In this video I explain the reasoning behind this setup as well as the stop loss and target levels I will be using. Moreover, what I will be looking for in terms of confirmation of the legitimacy of this short setup. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
GBP/USD Long Entry UpdateHey Guys! There was no long strength kicking back in on the gbpusd, thus I did not take the long entry. Moreover, the weekly bias's main stop loss level was reached, thus the weekly bias is back to neutral. In this video I explain, the reasoning for not taking this long entry as well as why the weekly bias has changed into short. That's it! I'll keep you guys updated if there are new biases that form on the gbp/usd. Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
3
GBP/USD Long Trade UpdateHey Guys! There was actually a new weekly short trade that formed this week, so the weekly bias remains long however, the target has changed to 1.3750. Moreover the Entry level at 1.3313 and the Stop loss at 1.3163 does not change. Furthermore, we got some waning of short term short strength with the Break Out of a downward 1H trendline and no immediate break back in. So for the time being, I'll still be watching for some short term short strength to kick back in. So I can get a pullback to the long entry point at 1.3313. Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
GBP/USD Long Trade UpdateHey Guys! The mid-road long entry did not set up yesterday...So I'll still be waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3833. Moreover, since the fake 1H double bottom confirmed short term short strength, I'll still be expecting a pullback to my long entry level at 1.3313. I explain some possible intraday long set ups that formed on this move up also in the video! Check it out! I'll Keep you Guys Updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
GBPUSD LONG WITH 3 CONFLUCENCES Listed confluences: 1: Trendline Breakout 2: Inverse Head and Shoulder Pattern 3: Key Level Summary: GBPUSD has been selling off for serval day now. We are waiting for the breakout of the key level at 1.3277** on the Daily Chart as confirmation of the trade. Trade has a potential RR OF 4.43 to 1. We will be entering and holding this trade until around the end of the month, or until target is reached, which ever comes first. If we get stopped out we will only look at the pair next month for any new trade setups.
Long
by NDOBObanks