Gbpusdbuy
GBPUSD BUY/LONG DIVERGENCE + STOPHUNT 4Hr + DailyGBPUSD is has given us multiple confirmations on this trade:
The Analysis is Done On The 4 Hour + Daily, The Trade Is Placed On The Daily
On the 4hr we have:
Divergence
StopHunt
On the Daily we have:
Break of Structure
Retest Of Structure
Also The BXY(GBP Index) is showing signs of strength indicating most GBP pairs are gain strength
GBP/USD BUY (RETEST OF 1.22500)My BIAS for GBP/USD for the upcoming week is BUY.
My reasons behind this are
1. Price has just broken above our Daily Resistance.
2.Price has retested our Daily Resistance and bounced straight back up sitting currently just above the previous high made on the 4HR TF.
What I will be looking for before entering this trade.
- A retest of previous highs at 1.22500
- A strong Bullish Rejection Candlestick
- Price to not fall below recent lows at 1.22000.
I will be looking to enter my trade around 1.22500
Taking profits at 1.23800 (130 pips)
Stops set at 1.22200(30 pips)
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#GBPUSD, A strategic price that cannot be ignoredThe pound is on super-serious support at 1.20,
Stochastic is close to 0 with cross lines which mark Oversold.
So it is true that the trend is down but worth taking advantage of the above bull signs.
Target: 1.23
In the event of a downward break, a strategy should be completely changed
GBPUSD - 15 MIN ENTRY & EXITFREE ANALYSIS ON GBPUSD
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45 Min
GBPUSD should continue its downward trend. Watch for break in trend Line
MAJOR Pair Trade - GBPUSD - MondayFREE ANALYSIS ON GBPUSD
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1 HOUR
GBPUSD is making a pull back to the previous support level now turned resistance.
Things to consider:
1. 20 day MA and 100 day MA crossing over so some move to the upside possible
2. MACD is now in the overbought region
3. Price could test the 1.219 region, watch the point for sell.
4. Stoch RSI now crossing over to the downside.
Wait for break in trend line for sell down.
OVERALL
expecting More downward move on this pair. to the next psychology level of 1.2050 and 1.2000
Wait for break in trend line for sell down.
#GBPUSD, The declines will stop?Although there is still a huge uncertainty about the Brexit, an opportunity has been created for technical analysis.
The Stochastic has reached the lowest possible level that usually points to Oversold.
The gbpusd came to serious support that could change the downward trend.
Target: 1.25
In case the gbpusd dropped below the above support this signal is canceled.