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Gbpusdbuy

Buy GBPUSD After the impetus started on June 21, it seems to have come to an end on the 30th, forming a corrective stage. Apparently this correction came to a support where it shows us confluence, then we have a horizontal level in the 1,286 that does not serve as support, also the price seems to have reached the fibonacci 38.2% of the previous impulse, and we have as additional support to the SMA Of 200 periods, this confluence could be reason to think about a new bullish movement, being conservative could see as first objective the level 1,297 and as second objective the 1.304. To be conservative when opening the operation, reconmando little amount and to add to the position of agreement this advance in our favor, since the price could continue correcting until reaching the 1.279. Good luck in your trading.
Long
by libardojgh
GBPUSD profit target reached, prepare to sell againSell below 1.3044. Stop loss at 1.3081. Take profit at 1.2935. Reason for the trading strategy (technically): Price shot down towards our profit target before bouncing up once again. We now prepare to sell as price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction off this level for a drop to at least 1.2935 (Fibonacci retracement, Elliott wave theory) which needs to be broken to confirm a major drop. Stochastic (34,5,3) is testing 96% resistance and price is definitely in strongly overbought territory.
Short
by MEX_Exchange
Sterlin sets up for a relief rallyHi guys, today gbpusd is coming back to retest a daily support/resistance zone, therefore i want to look for some opportunities on the lower timeframe. On the hourly there's a nice pinbar that tells me there's buying pressure. Besides, price has also created a double bottom with RSI divergence that you can see on the chart above. The consequent break of structure to the upside makes me think it could go higher on this short timeframe. You can use the 2618 strategy to buy the 618 retracement, with stops below the low and target1 at the retest of the highs, target2 to be determined. If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
Sterlin sets up for a relief rally!!Hi guys, today gbpusd is coming back to retest a daily support/resistance zone, therefore i want to look for some opportunities on the lower timeframe. On the hourly there's a nice pinbar that tells me there's buying pressure. Besides, price has also created a double bottom with RSI divergence that you can see on the chart above. The consequent break of structure to the upside makes me think it could go higher on this short timeframe. You can use the 2618 strategy to buy the 618 retracement, with stops below the low and target1 at the retest of the highs, target2 to be determined. If you want to share your thoughts or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1