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Gbpusdbuy

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
GBPUSD. Is it time now!?Hey guys, GBPUSD is at the retest of the previous highs that were broken in the last period. As mentioned in the earlier GBPUSD analysis (here below) weekly and daily charts are telling us the trend is overall bullish, and therefore i want to take that into consideration when looking at lower timeframes. Be ready to long this market if we have some kind of weakness in the 4H and 1H chart. I'll keep you updated! If you have ideas/questions, feel free to comment below. Otherwise, see you in the next chart! P.S. If you want to take a look at my videoanalysis click the link below!
Long
by Roker1
11
GBPUSD at daily structure!Hey guys, GBPUSD is at the retest of the previous highs that were broken in the last period. As mentioned in the earlier GBPUSD analysis (here below) weekly and daily charts are telling us the trend is overall bullish, and therefore i want to take that into consideration when looking at lower timeframes. Be ready to long this market if we have some kind of weakness in the 4H and 1H chart. I'll keep you updated! If you have ideas/questions, feel free to comment below. Otherwise, see you in the next chart! P.S. If you want to take a look at my videoanalysis click the link below!
Long
by Roker1
1
GBPUSD : THE NAME'S LONG!?Hi traders! We have one very interesting setup right here. As you can all see, GBPUSD is ranging in this 100 pips zone since it's breakout. Amazingly, it finds the way to close multiple days at approximately the same price. Also, this lines up perfectly with a previous huge drop dating back to 2009. If this holds true, we may have this new support for quite some time. Even though MACD fell quite a lot, the price couldn't really break that support. RSI still high DXY couldn't break the resistance for a third time in a row... GBPUSD LONG: ENTRY : 1.35127 SL : 1.34163 TP : 1.36986 TRADE SAFE! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Long
by ScottMescudiForex
Flag Pattern on GBPUSDHey guys, this is the 4hr chart on GBPUSD. I'm looking at this because i think there could be potential for upside: we've just bounced from 1,28 (a daily structure) and in doing so price broker and closed above an intraday resistance (purple line). The next daily structure comes at roughly 1,3023 and therefore i'm expecting to see a continuation till we reach that point in the market. I'm even more convinced by the behavior of price action that's formed a flag pattern and also has broken that flag to the upside. Price is now coming back and this level is ideal for an entry. I set my order right at the blue line, with stops and targets as shown on the chart. If you have any question/idea, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1