Convenient place to buy gbpusdI think that in the long run, the second goal also looks ascending #gbpusd
Gbpusdbuy
Reversal or Correction in Downtrend.#GBPUSD is sitting on a key harmonic level
I believe there's a good opportunity to go long from here with a healthy risk to reward ratio.
BRITISH POUND / U.S. DOLLAR to BUYGBP/USD is getting ready to go LONG.
Market has been in a downtrend for about 2 weeks.
A crucial support line has been hit in this drop.
Wait for confirmation of trend change, then find your entry.
Expecting a change in trend within the next week.
Scalp/day/swing trade market to the upside.
You pick your exit point.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allowed for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Example of how I find my entry;
GBPUSD only BUY no Sell Its a corrective pattern it will go up stoploss few pips below the low.. 95% possibility
GBPUSDOANDA:GBPUSD a potentail buy on USD weakness, many might be fooled by the trade war and sanctions on China,
Long setup for GBPUSD on M30Buy @ 1.31
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TP #1 : 1.3057
TP #2 : 1.31
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Strong resistance @ 1.2983
Suggested StopLoss : 1.2975
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Trade at your own risk.
GBP/USD Long Idea (5/8/19) 4HR Chart GBP/USD Short Idea (5/8/19) 4HR Chart
- Currently had a reversal at the disturbance level I drew up on the 1HR (orange)
- Had a quick rejection on the monthly support level @ 1.30000 also the 100% fib retracement level.
- With the dollar getting ready to fall, the orange disturbance level seems to be a good spot to place an entry, with the targets set to the micro
level @ 1.3250
gbpusd buyLooks like very nice buy.. wick in front of gap and hammer at the bottom. both indicates buy..
GBP/USD Buy limitGBP/USD Buy limit activated
()Mercado tenia estructura alcista en 4h y 1h , formando 2 H.H y 2 L.H
() bullish trend line respected en los previous lows.
Orden de entrada en compra fue puesta en la zona de precio 1.30515 una zona de soporte, en confluencia con el fib zone 0.786.
twin trade: TP1- 30.4 pips risk: 26 pips (2)
TP2-64.4 pips
British Pound / U.S. Dollar GBPUSDGBPUSD is following the above channel so time your entry right with your longs on a one hour time frame.
Also be prepared for a break in channel at some point (not for now) , which will break to the downside.
At the moment current movement is consolidation, so a big move to follow.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes
