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Gbpusdbuy

GBPUSD : THE MESCUDI COMPLEXHi traders, We been patiently waiting for this trade to place itself for us. We have finally a great risk to reward ratio on this entry. Our favorite indicators are showing us that we are due for some much needed correction. That would be the first step. We would move our SL in profit when that happens. Now, we are in a bearish channel but we touched an important buy zone just now. We may see the ''longer term'' bullish trend take back the control of this pair. We are already in profit as I write this one down. This means already a succesful trade! Let's see how this one will play our throughout the week! Here's what I'm thinking : GBPUSD LONG ENTRY : 1.35242 SL : 1.34319 TP : 1.39541 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
GBPUSD Slight Bollinger Band Spike & Wonderful Market StructureHi traders, We had an impulse before, first orange arrow and anticipate the next impulse up. The whole move stopped at the 50% (could also reach the 61,80% and then we will go for another buy), completing a regular flat for another move up. Sadly no RSI Divergence. As always we put our trade at break-even as soon as possible or exit with a very small loss. (This is not a trade recommendation!)
Long
by MyChildTradesBetterThanYou
GBPUSD H4 *Long Opportunity*We currently have price action of 1.32141 sitting very tightly under a resistance of 1.32154 . After a strong show from the bears on Friday pushing the price down to 38.20 Fib level the bulls quickly recovered back up to the 1.32 area, closing Friday on another green candle to where we are now. I do believe the sentiment of the Pound is still long, with the bulls showing their power still so it would be nice to see the price taken to at least 1.3260 area and back to a full retrace. Also meeting the 4 hourly trendline, which may present another opportunity to catch a short on the way down. I will need a confirmation of a break of the 1.32 resistance before making any decisions, will be watching market open this evening and into the Asia session .
Long
by JordanWillson
GBP/USD forms ascending triangle patternGBP/USD forms ascending triangle pattern During the previous trading session the currency rate expectedly returned back to the 1.3110 mark, which represents location of the 23.6% Fibonacci retracement level. As this barrier was additionally backed up by the 55-hour SMAs, it made a rebound. However, the fact that the cable failed to climb above the 50% retracement level at 1.3180 two times in a row as well existence of a slope that lies along rising 55-hour SMA indicates on existence of a minor ascending triangle pattern. If this assumption is true, then the pair is likely to make a breakout to the top already by the end of the day due to existence of combined support barrier formed by above 55- and 100-hour SMAs, the 38.2% retracement level and the weekly PP at 1.3150.
by UnknownUnicorn890690
GPBUSD: THE HILLS!Hi traders! (This analysis was already shared with current students last Friday) GU dropped quite a lot since that super strong bullish breakout. It is all normal behaviour since this run didn't have no real corrections, no real breathers, no nothing! Also, this happened along with the other majors pairs that got pounded vs USD. Now that the DXY somehow slowed down and hit a invisible resistance, all majors pairs today are back in green vs USD MACD giving us early signs of a potential pullback RSI couldn't really go beneath 50 Here is what I'm thinking: GBPUSD LONG: ENTRY : 1.30576 SL : 1.329881 TP : 1.32992 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex