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
Gbpusdbuy
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
GBPUSD BUYFollowing up from the previous analysis of EURUSD and knowing that these two pairs correlate with each other, it gives me an idea of where GBPUSD is heading long-term. Right now we can see that an ascending triangle is forming which suggests that price is on it's way up. Therefore, i'm looking to buy when price breaks the resistance zone at 1.26470 to then take profit at the next resistance zone. And if price breaks that too i'll look to enter once again for a buy with my take profit set at the successive resistance area.
GBPUSD at Strong Support. Go Long For Near TermThe chart here shows that GBP is currently at a strong support level of 1.24800 level. This support level has been tested as past resistance levels for at least 5 times in recent times. When such a support level is being tested, the pair does hold a good chance of bouncing back. I would set the TP level at around 1.25200 levels.
GBPUSD Exiting the Consolidation (BUY SIGNAL)Signs of Bullish GBPUSD
-This week's candle did not break previous low
-Previous week candle break previous high
-This week's candle is a retest
-Strong GOLD
-4 hour candle been testing the resistance at 1.2370
-Weak US economy (DOWJONES index)
For more ideas like this, you may LIKE and FOLLOW.
GBPUSD Easter Bank Holiday Monday BUY !!!!!!!My specialist indicator was giving a 3 star BUY trade this morning. We have a clear break of resistance (green trend line) as the price pushes through on an ascending triangle to higher ground.
First obvious target is WR1 resistance at 1.2580.
Looks a good thing this with Dollar Index under 100 and a fair bit of GBP strength about.
GBPUSD Bullish. Waiting ...The pair maintains its laterality, which enhances the idea that it will continue in an uptrend. A clear flag marks this lateral movement. At any moment we should see a bullish momentum. If we see it with Elliot Wave , we would be in front of a lateral 4 wave. going in search of wave 5, and resistance.,,
JUST FOLLOW MY ANALYSISHI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
_________________________________________________
WANT TO LEARN MORE OR RECEIVE ACCURATE AND IMMEDIATE SIGNAL?
Telegram: KDEZ00
GBPUSDGBPUSD has been moving greatly in an upward trend. I have already entered but I would suggest taking a look at the 4-hour chart and once it drops down to the support buy-in. I' am holding for the long term that is why the profit to loss ratio is very high but once it shoots up I will close some profits and move my stop loss to break even. Again be careful when you trade I' am only giving my analysis on the markets. Thanks, and please leave a like follow and feedback.