GBPUSD BUYWeek ago, GBP become more stronger against the USD. Next week it will remain stronger than USD. Follow the chart analysis but do you own analysis also, if agree then put the trade. TRADE AT YOUW OWN RISK.
Gbpusdbullish
GBPUSD Buy After Breaking Through 50% Fib???After Early Entered Sell Trades, Price For DXY Decided To Break Its Major 50% Level On Fib Towards The Downside, As Well As GBPUSD Doing The Opposite Towards The Upside
GBPUSD is strongYesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this GPUSD seems more bullish.
GBPUSD buying opportunity | 29 Nov 2022-On the D1 timeframe, we can see that GBPUSD has been ascending on a bullish trend since late September. Price is approaching the 1.22900 resistance zone that was tested multiple times before, although it still has some way to go.
-On the H4 timeframe, price came to test the resistance turned support zone at 1.18000, where a breakthrough led its ascent to the next resistance zone at 1.19500. Prices ranged between the two zones until 23 November when statements from the FOMC confirmed the Fed’s intention for softer rate hikes, while the UK released PMI data that hinted at an economic recovery. This provided the fundamental acceleration for GBPUSD to exceed the 1.19500 resistance zone which prices eventually came back down to test as the new support zone, where we forecast a bounce to the next resistance zone at 1.22900.
-Stochastic RSI has dipped into the oversold region, while the MACD has crossed over the signal line from below with a significant gap at current prices. Both technicals are displaying strong bullish signals, confirming our bullish bias.
-However, on the M30 timeframe for GBPUSD, we expect prices to come back and test the 1.19500 support zone first in the near term before playing the bounce to the next resistance zone. This is supported by the Stochastic RSI entering and exiting the overbought region which indicates a short run bearish bias
GBPUSD buying opportunity | 18 Nov 2022The rapid price increase last Thursday following weaker than expected US inflation data began to hesitate as it approached the psychological barrier at 1.18000, which coincides with the 61.8% Fibonacci level. However, hot CPI and average earnings data released on Tuesday which together indicate tightening inflationary pressure in the UK economy finally gave prices the boost needed to break above the resistance turned support level. Prices came back to test the 1.18000 support level again on Thursday following the UK government’s announcement of austerity measures to control inflation, but failed to break through after a £26 billion support package was announced later in the day. Given the weakening Dollar and overheating UK economy, we forecast an extension of the bullish trend where prices will bounce to the next resistance zone at 1.22800, coinciding with the 78.6% Fibonacci extension level. Prices are lying above the Ichimoku cloud as well, supporting our bullish bias.
GBPUSD seems BullishWait for the rejection of Dollar Currency Index from the Double top then look for buying opportunity on it.
My Journey GBPUSD for BUYHelloo...My Dragon Friends
my Sell Journey already Complete, and now i see butterfly harmonic pattern,
so i decide to BUY it
SL 1.1750
TP 1 at 1.1920, TP2 at 1.1950 and TP3 at 1.2000
BUY now at 1.1825
Lets See
Happy Trading
Smart Trading
Hunting Profit
Watch ur MM and RM
Disclaimer On
GBPUSD seems BullishThe market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this GBPUSD will go more up.
GBPUSD seems BullishThe market of GBPUSD taking support on Demand and also taking support on Trend line. I believe that the market of GBPUSD will go more up from the current price.
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 targetgbpusd key position to place long orders after confirmation. find entry, sl and tp in TA
Trade safe...
|Patience and risk management is key to winning trades|
GBP USD BUY OANDA:GBPUSD
Gbpusd has been gaining momentum clearing some key resistance levels. The support for gbpusd has been very strong. I'm looking at a continuation pattern on the hour 1 time frame. Major break and retest at (1.31500) ending NFP bullish.
GBP/USD Long Trade Close of this 15M meets entry. Risking 1 for 5 here. Lower time frames are indicating this is a good support level so we will see what happens wish me luck 🙏
GBPUSD BUY!!GBPUSD has been trading inside the given parallel channel since February 2021 . it recently reached one of the significant support zone and is now ready to get pushed to the upside . My final Target is the support zone of 1.34849 after which i expect the downward movement to continue yet again !
GBPUSD BUY AREA Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!
GBPUSD LONG IDEAHey guys, i'm bullish on this pair. I expect this pair to play out in either of the two ways shown in the chart. Incase those trendlines gets broken to the downside, my bias will change.
GBPUSD LONGLong-term uptrend. Cup handle formation followed up by break of structure (BOS). Imbalance above to be filled. Awaiting for the price to test the broken level before continuing to get into a position with better RR.
GBPUSD BNuy SignalGBP USD is in an uptrend channel and the next target is in the range of 1.4010 (daily pivot).
GbpUsd Buy NOW!!!this is a buy signal based on supply and demand in confluence with W and M formations. i believe this is going to be another good trade inrespective of the outcome.
GBPUSD is sitting on key support, potential bounce coming!Price is sitting on a key support in line with the ascending trend line and 61.8% retracement where we could see a bounce from here.
