Gbpusdbuy
GBPUSD Is trading within rising channel 1.34000 Key level aheadGBPUSD
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⏳1 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Negative USD-Positive brexit talks will boost this pair upwards
2️⃣GBPUSD was trading within broad rising channel
3️⃣ 1.32500 50% Fibonacci Acting as Dynamic support and resistance
4️⃣ 1.34000 Major upper side resistance Key reversal area
5️⃣ 1.33100 acting as key support and resistance level
6️⃣ 1.33150 78.6% Recent support level for Bull
7️⃣ Technical support - Bull
8️⃣1.34000 will acted as key reversal-bearish
9️⃣ Series of HH HL HH HL patterns
🔟 Possible swing target-1.34500 Upper side trendline resistance
#️⃣ Overall bullish trend-Within Broad rising channel pattern
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📉 Technical bias-H4-Bullish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as support-Bull
Ichimoku cloud -cloud is still green-About to turn red Cloud support(Bull)
Bollinger band- Price reached around middle band is about to break out soon
Relative strength index - Reached around 50 neutral area 50- Will act as support for bullish trend
MACD -Turned red and fell below the signal line ,oscillators about to cross soon
Stochastic - Reached around 60- Oscillators are converging
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Key reversal area's
1.33000 psychological level
1.33800 Today high
1.34000 Key reversal area/psychological level
1.33350 78.6% Fibonacci retracement level
1.32860 61.8% Fibonacci retracement level
1.32510 50% Fibonacci retracement level
1.32000 Major psychological level
1.33100 Price action level/Possible entry- Bull
1.34500 Trendline resistance/Alternative bearish entry
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Bullish entry #pound #gbpusd
Entry price - 1.33200
Take profit 01 - 1.33800 (60 PIPS)
Take profit 02 - 1.34500 130 PIPS)
🚫 Stop lose 1.32800 (40 PIPS)
⬆️ 1% Growth expected
⤴️ Account growth .30: .98
✅ Risk reward ratio 1 : 3
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GBPUSD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( GBPUSD )!
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1 HOUR
Bullish market structure..
4 HOUR
Expecting further upside movement..
DAILY
Great long entries prices broke above main sr level.
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FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.31850
SL @ 1.31170
TP @ 1.32890
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GbpUsd remains bullish- 1.35 is my targetGbpUsd, like all Usd pairs, corrected the recent leg up and is ready to resume its upward movement.
The pair is trading above important 1.3000-1.3050 very important support (line in the sand for bulls) and created a new support on 1.31.
I expect up a continuation for this pair and a new challenge of 1.35 resistance in the medium term.
Buy dips is my strategy
GbpUsd- strong buy between 1.3050 and 1.3080 The long-term trend for GbpUsd is clearly up and after correcting from 1.35 local top, the pair flirted with 1.3 for quite some time.
I think cable finally broke above and, considering its way of moving, we can see 1.35 top challenged soon
A good place for bulls to enter this move is around 1.3050 and slightly above and, also, such a trade could have a 1:4 R:R
GbpUsd- upside potentialLast week, GbpUsd broke violently above 1.3 resistance and accelerated to 1.3180 top.
Now the pair corrected and confirmed 1.3 as new support and looks ready to resume its up move.
Buy dips close above 1.3 is my strategy for this pair.
A daily close under 1.3 negates this scenario and calls for a reconsideration
GBPUSD still on growing ||bullish MovesHere in GBPUSD, We have some bullish pattern. It can carry on strengthening from that area OR once more it fall down to test the support area & then back on strengthening again. I've mention none sell level as it isn't seem to go on falling.
I HOPE YOU LIKE THIS IDEA FOR GBPUSD.
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P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
GBPUSD potential setupWe had significant breakout on the GBP, now is trending down a narrow channel. Monitor this trend, look for breaking out this range, but careful of any false breakout either up or down. I think if we move below 1.296 suspect will back down significantly. I though am hoping that can go long this one once we see significant movement north.
Strong Buy on GBPUSDHello,
GBPUSD is set for a Buy. On the daily timeframe, a bullish inverted head & shoulders pattern is being formed. Current price has broken the neckline of the pattern, retested it and is moving bullish. I set my Tp at 1.33840 because that's the highest point price has been recently.
GbpUsd- strongly bided under 1.29The cable is trading in a range for 2 weeks now, with clear support under 1.29 where buyers are very strong.
If USD weakness will continue I expect GBP to be the main beneficiary and the pair could retest 1.35 zone pretty quickly
Buy dips can be a good strategy for this pair
Buy GBP/USDHello everybody and welcome to my analysis 👋🏻👋🏻
On the daily chart we can see a reversed head and shoulders pattern.
The price broke the neckline and I personally opened a long position on GBP/USD.
This is only my opinion. Make your own analysis before investing and always use SL and tp.
Leave a comment if you agree 👇