Gbpusd_long
GBPUSD NEAR THE TREND-LINE SUPPORT!!!MARKET ANALYSIS: The pair has reached the trend-line support for the third time now. Also the previous demand zone is supported with the trend line. If the trend-line and the demand zone holds on we can expect a uptrend to the next major resistance at 1.36000. So lets wait and see what the market does in the coming days. Cheers!
GBPUSD While buyingDo you want a secret to successful trading? Buy against the classic technical analysis. Because a good trend channel is seen downwards with a sharp drop, it can be a trap
I buy 1.28750 . SL 1.28580 TP 1.29700
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
GBPUSD 1hr Harmonic viewI was looking for structure to break and hold through the New York session but USD bulls lost the battle. The retest of the weeks high shows the market pricing in the fed meeting so I look forward to another test of the weeks lows before a leg up to test the month of July highs. In a perfect world the pattern completions would trade along with the Fed meeting.
GBPUSD - Long Position - At-least 3000 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 3000 Pips!
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long).
I am in this trade from 1.28000 , Brexit helped me to enter this trade quickly otherwise It would take a little longer to reach my price. It may still go down keeping the current situation in mind, my trade is well planned so even if it breaks 1.28000 , I'll keep adding more positions.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 1.32000, you can still catch 800 pips till TP1 is reached, however there may be a pullback , It is recommended to enter with a smaller lot size if you want to take a long position right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
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.
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GBPUSD_LongGBPUSD_Forecast_April_May/2015
Cable has reached its upside level at the moment and moves between the 200 EMA and 50 EMA. The downward trendlines are also broken and cable is strongly pushed forward;reasons are many but the main one is the question about whether the interest rate will be hiked in June 2015 for the greenback or not. This ambiguous question is one of the main drive to push cable upward.
According to our analysis the next support of cable will be around at:1.51766 and a new momentum for cable will be given at that level and push it anew to the level of 1.58651 until June 2015.
A next support level can be found at: 1.50863 , in case the D1 candle would be closed below support 1@1.51766.
Trade well!
Makkaba team