AFTER CORRECTION GBP/USD SELL NOW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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Gbpusd_forecast
GBPUSD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/USDThe British pound shot higher last week, but as you can see, has also given back quite a bit of the gain. This is not a good look, and it does suggest that we are probably going to drop towards the 1.30 level underneath. That is a large, round, psychologically significant figure, and if we break down below there it is likely that we could go towards the 1.28 handle. If we were to break above the top of the weekly candlestick, we could go looking towards the 1.34 handle.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD SHORTS 📉📉📉📉 Expecting bearish price action on GU as we are in a bearish market structure on a HTF and lower timeframe, price retraced back into 1.32000 . We have a lot of bullish imbalances should be filled
The retail heard is LONG on this pair, meaning we should go for SHORT entry.
What do you think ? Comment below..
GBPUSD LONG WITH 3 CONFLUCENCES List of confluences:
1 Trendline Breakout
2: Inverse Head and Shoulders with potential break out neckline
3: Key Level Breakout
We are wait for price to break and close above our key level. We will then wait for price to retest of our key level before looking for any entries. Risk reward for trade stands at 7.6 to 1.
GBPUSD Long From Suppor !!!
GBP-USD is trading in a downtrend
In a descending channel, it is retesting the horizontal resistance at 1.306
We expect a bounce from these areas to break the descending channel, but then on the pair
Retest horizontal support
I think the pair will rise
towards the above the target 1.34
GBPUSD possible buy zone and sell zoneGBPUSD has started to move up and looks like it will test the long-term trend line and is likely to test the previous support @ 1.3440. currently, it looks like GBPUSD will rise from 1.3200 as daily candle after breaking the previous day's low, the bulls are active and the price is driving higher. If we see significant price action on the 4H, we may buy GBPUSD and may close @ 1.3440 and will sell again from the same zone after getting price action confiration.
Please press the like button if you find value in this analysis.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSDThe daily chart reveals that the GBP/USD pair has been in a strong bearish trend in the past few days. The sell-off accelerated when the price moved below the key support level at 1.3160, which was the lowest level this year.
The pair moved below the short and longer moving averages while the Stochastic Oscillator has fallen to the oversold level. Therefore, there is a likelihood that the pair will keep falling as bears target the next key support level at 1.2900.
GBP/USD Weekly Short Strength ConfirmedHey Guys!
The Gbpusd Weekly chart formed a Fake Double Top last year which reached its target height level last week. Indicating strong weekly short strength at least to a monthly upward trendline at 1.2247.
Considering this is on the weekly chart, a set up like this is quite rare. So although I will be trading through biases long or short like usual, I much rather
have short biases form so I can trade along with this weekly short momentum.
Just a heads up guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
gbpusd trade against the trend !! after the full TF analysis, our team decided to buy
** NOTE **
if the price breaks the downtrend
we will look for buying opportunities
but till now we are still in bearish momentum
so, keep ur eyes on smaller TF for a momentum shift
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GbpUsd can drop to 1.25After 2 false breaks above the falling trend line at the beginning of January and again at the beginning of February, GbpUsd has resumed its downtrend and yesterday has broken the very important 1.32 horizontal support.
In my opinion, cable will continue its fall and 1.25 can be the target.
Sell rallies can be a good strategy and 1.32 can be a good zone to look for entries.
Resistance extends to 1.33
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.