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Gbpusdbuy

GBPUSD - Potential Buy setup using convergence at 1.3200 Taking a look at the price action on GBPUSD we can see a potential level of support set up for a possible move higher at around the 1.3200 big figure. As you can see from the 1 Hour chart, we have a possible convergence of factors that could increase the probability for a move higher. The 1.3200 level being a big figure level in general is psychological level but what can help strengthen this point is the liquidity gap that was created by price spiking higher on the 28th August (marked with a pink arrow). These 2 factors alone could have additional order flow resting at this level which could cause a reaction in price higher. Lastly, we can also see a descending diagonal trend line that could also meet at the same point if price starts to sell off currently, again increasing the probability of the level to react. If price gets to this level and goes straight through it then no action is needed and the trade is void, but if we can see a bounce occur here we will go down to our lower time frames and see if we can find any additional signals like a bullish price pattern or structure that could help in fine tuning a possible execution point. We will update this accordingly.
Long
by DavidVillagra
GBPUSD - SWING - 10. AUGU. 2020Welcome to our weekly trade setup ( GBPUSD )! - 1 HOUR Bullish open and pressure. 4 HOUR Looks like we are going to follow midterm trend. DAILY Expecting another push to previous highs. - FOREX SWING BUY GBPUSD ENTRY LEVEL @ 1.30630 SL @ 1.29920 TP @ 1.31620 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
27
GBPUSD hourly chart analysis, uptrend continuation is likelyGBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact. The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200. The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060 level. Only a strong break of the 100H EMA will imply that the uptrend has been broken.
Long
by YourLazyTrader
5