Gbpusdbuy
GBPUSD LONG! Confluence Support Idea DXY (USD) is currently trading Stronger than GBP, meaning Sell Bias;
However!
Analysis has it Price is at Confluence of Supports-- Trendline and 1.13883.
Multi-level profit targets are presented with anticipation of weakening DXY to gaining of GBP.
Note: Idea is to To complement your research.
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GBPUSD sell tradeGBPUSD
The pound is under selling pressure its lost almost 1000 pips against USD
We can expect further downward movement in coming days
Suitable short positions may open at 1.17690
Potential take profit will be 1.13450
Stop lose may placed above the topside resistance zone which is 1.19480
Leave your valuable comments below
GBPUSD#4--->Waiting buy: Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Gbpusd:
The asset ended the week with a decrease of 775 points or -5.79%. This is the worst drop of # pound, it was worse only on the day of #Brexit, if we consider modern history.
The volatility of the current week amounted to 931 points (Range - coefficient).
#Comment_by_past_week:
The currency pair ended the week with an incredible decline, and given that the euro did not suffer so much against the dollar, it should be concluded that the main reason for the fall was the spread of government bonds.
From March 9 to Friday closing, the US10 & UK10 spread widened from 0.32 to 0.58. Although these are minimal changes for an ordinary trader, these are great indicators for the bond market.
The Fed intends to lower the rate next week. Rate futures suggest a decrease in this indicator from 1.25% to 0.5-0.75% with a probability of 100%.
Moreover, there are rumors that the Fed may provide repos to banks for $ 4 trillion and lower the rate to 0-0.25%.
If this happens, the spread between the bonds will narrow and the currency pair will rise again.
#Technical_analysis:
Globally (D1):
The currency pair came close to the global support zone 1.23-1.20 from where the pair was in constant demand.
The likely place to buy may be zone 1.2178.
Locally (H1-H4):
The currency pair is falling in the downward channel, breaking 2 times over the past week, first on March 12, then on March 13.
Now, if the current quotes have already shown the bottom, then you can use it to build the Fibonacci.
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, demonstrate the presence of a currency pair in the "zone of potential purchases."
- Indicators of price behavior: At the close of the trading week, indicators of fund price behavior demonstrate the exit of a currency pair from "Normal price behavior".
- Trend indicators: At the close of the trading week, the stock trend indicators show a steady downward trend.
=> Total: All indicators indicate extreme oversold currency. Thus, we will use any stabilization or growth of the currency pair as an opportunity to open long transactions.
You can see the exact purchase prices at our signal or in our social networks.
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(You can begin from 155 $)
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Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD#2---> Time to buy:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Gbpusd:
#Comment for last week:
As we predicted, the key mark for the British currency was in the area of 1.30. This pair should continue the upward movement.
As is the case with the main investment risks.
As a result of negotiations between the UK and the EU, difficulties arose.
Statements of a big delay in their supply chain.
About 100 people were supposed to agree this week so that negotiations could continue until Thursday.
She wants to gain access to the European market, but she does not want to recognize the jurisdiction of the highest court of Europe. Europe, in turn, believes that they will gain access to their trading partner outside the EU.
Recall that today the Minister of International Trade said: "Great Britain can leave the Eurozone without a deal and abandon trade negotiations with the United States."
“Essentially, this is the same story (Brexit), but also a new chapter,” said David Madden, market analyst at CMC Markets in London. This was a negative comment from a government official. Most investors buy sterling. ”
From the materials of Ritvik Carvalho, Reuters.
# Technical analysis:
Globally (D1):
The global downtrend has continued this week, however, its slope has increased from 9˚ to 22˚, which demonstrates the increasing danger for investors and their desire to use the new growth to find sales.
Locally (H1-H4):
Locally, low movement is also widespread, now the key resistance zone is located on the lower border of the downward channel 1.2820 and only a breakthrough of this mark and confidence that the aforementioned lines can not even turn the tide for long.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.2693 and 1.2562;
B) Resistance: 1.2984 and 1.3147;
#Orders_and_position:
- Leading indicators: they tell us about the excessively low price of the British pound, and stabilization above 1.2740 creates a certain consolidation for the possibility of a reversal.
- The indicator of price behavior suggests that this allows us to open a long position from 1.2768 with #stoploss. 1.2720 and # takeprofit 1.2900. # RR = 2.5;
! The Fund for Indirect Investor Funds Management (WMCI Asset Management) reserves the right to trade at the level of stop loss and take profit, without notifying subscribers.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD#1--->Waiting time:#Technical_analysis and #Orders
Good day dear #investors and #colleagues traders!
Your attention a technical analysis of the currency pair #Gbpusd:
#Comment_to_past_week:
The currency pair was not able to take advantage of the positive macro-economic data that came out last week. # Pound paid more attention to verbal statements of politicians #Britain and #EU, which pushed him down and by the end of the week he sank 90 points (0.69%).
Many market participants expected more negative data, as they came out a month after #UK left the EU.
#Technical_analysis:
Globally (D1):
The foggy Albion currency continues to be in the downward channel. Along with this, it should be noted that the price behavior has fixed the bulls' possible hope for a change in this trend.
The currency pair went through excellent consolidation on February 20. Good growth after this consolidation and a “buyback” in the event of a pair failure in the zone 1.2890-1.2900 tells us that the bulls are currently forming a double bottom with the target of 1.3143 - 1.3184.
However, this formation is possible exclusively, provided that the pair can fix above 1.3020.
Locally: (H1-H4):
And also, this currency pair today formed an excellent picture and created an upward channel that confirms the global theory. However, even at the local level, resistance 1.2980-1.3000 plays a key role in understanding further price movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.2852 and 1.2748.
B) Resistance: 1.3057, 1.3158 and 1.3262.
#Position_Orders:
Last week, we recommended: sale from 1.3029 and #takeprofit 1.2870 and #stoploss 1.3108 and it worked.
This week, we took a wait and see position, for a clearer understanding of the direction of movement.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD with a Bullish Cup and Handle Pattern!Oh boy oh boy!
GBPUSD has been making us some serious profits on the buying side for the last 2 weeks... and yet again, another pattern emerges but this time an even more powerful one that the rest! A CUP AND HANDLE PATTERN! (Bullish!)
We are long again here and might even increase our TP but we are sure to compound this treade!