ANOTHER POTENTIAL BULLISH RUN FOR GBPUSD Price is in what i would see as a potential retracement with potential to move bullish again. i will be looking to go long from the marked entry point to our marked take profit levels. should this trade not move in our favour you should lose no more than 2% of your equity. Do not risk more than 2%
Gbpusdbuy
GBPUSD - BUY OPPORTUNITYLooking to BUY GBPUSD in BUY AREA, targeting TP AREAS. (30+ PIPS)
ENTRY CRITERIA:
1. Enter on signs of reversal, price action
2. Do not enter if price breaks through buy area with strong bearish momentum
Looking to target price area 1.282 (110 PIPS) if bullish momentum strong
Trade Safe
How I Identify Key Trading Levels | Multi-Time Frame Semi-AnalyTradingView wouldn't let me be great. The title is supposed to say, "How I Idnetify Key Trading Levels | Multi-Time Frame Semi Analysis". :)
Now that we've gotten that out of the way...I put together a quick video showing how I mark up my charts on each Friday, Saturday, or Sunday.
I start from the top down and identify the obvious high and low point formations for that timeframe.
This helps me because, I know if price breaks through one of the levels, it is likely headed to the next key level.
This video is not for the purpose of giving my analysis on GU, **cough cough**, hence the reason I titled it "Semi-Analysis".
I hope this helps someone gain clarity in their trading journey.
I might do more videos, idk yet. I hate hearing my own voice, lol.
Thanks for coming along with me on my trading journey!
GBPUSD | The Cable is ready to be pulled out of the ocean#GBPUSD 4H | #Swing trade
The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks.
Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the short-term at least).
:newspaper: Fundamentals to look out for:
- U.S. CB Consumer Confidence
- U.S. New Home Sales
- U.S. Core Durable Goods Orders MoM
- U.S. Gross Domestic Product (GDP) QoQ
- U.S. Initial Jobless Claims
- U.S. Pending Home Sales MoM
- U.S. Crude Oil Inventories
Risk ONLY: 2-3%
Good Luck!
GBPUSD BUYWith my analysis i'm expecting GU to break the down-trend red line and keep buying to reach resistance level at 1.26470, to then see whether price breaks that level and re-tests to keep going up until the resistance zone at 1.28593. However, price could break the up trendline and reach support at 1.18592 to then complete the overall buy move at a longer term period.
GBPUSD - SWING - 19. MAY. 2020Welcome to our weekly trade setup ( GBPUSD )!
-
1 HOUR
Bullish price action and pressure above previous sr level.
4 HOUR
Overall very bearish market turning bullish again.
DAILY
Expecting a push to previous resistance level.
-
FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.22330
SL @ 1.21160
TP @ 1.23980
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
GBPUSD POTENTIAL BUY SETUPPrice has been trending down and has reached a key support level on the daily.
If price respects this level, I will wait for an inner trendline break to open a long entry.
Overall, if this has happened, price is pulling back for a retracement to eventually continue down.
The Take Profit 3 area is 61.8% of the entire move down and is a key level.
______________________________________________________________________________________________
If price does not respect this level, I would wait for it to break through, retest and enter for the sell.
If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX