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Gbpusdforecast

GBPUSD Trading IdeaG'day, Guys. Our yesterday BITCOIN analysis follow as predicted. Today we going to analyse Currency Pair GBPUSD. Technically, this pair is currently on a solid downtrend on a bigger timeframe which is for me correction market structure completed. Personally, I expect this price continues a downtrend rally for the next few weeks. From here, I draw multiple lines that we can take advantage of every potential entry to maximize profit. From here, the downtrend will be confirmed after uptrend trendlines are broken and create a solid breakout at 1.37500 price tag and I will be targeting 1.36035 prices for first take profit and continue to dance with the minor market structure within a small timeframe. Let's see what gonna happen next... "Dance with the Market"
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by EYFMarkets
GBPUSD SCENARIOS What we see on GBPUSD is quite clear and nice, price had strong impulse to down and CP back to different areas as you see on the chart determined perfectly. preparing to make new lower lows we will have another entry after more pressure to down... Finally set our 1:5 order and go with bearish trend ... As you may know, tomorrow we have IMP NEWS for POUND then be careful ⚠️Take Max 1% of your capital on this trade⚠️ Lets see how price respects our scenario Any question comment bellow @FxShzd GOOD-LUCK EVERYONE
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by FxShzd
#GBPUSD SELL OPPORTUNITYIn D time frame and 4H time frame we are in bullish corrective move phase and price reached the important Daily resistance area and also yesterday price managed to formed a shooting star candle which is showing us the the selling intend of the participant. In 1H time frame we have 144 EMA just above the price which act as a resistance and also last 1H candle was a shooting star which confirm last Daily candle. Also yesterday price had broken the wedge from below and as a result this bullish move could also means as a pullback and our wedge trend line can also act as an important resistance for the price. if price fail to come over the arrow which is the high of this lower time bullish corrective move, then we can technically say this lower time bullish corrective move has ended and we can see another impulsive drop. 1st target would be 1.35500, but I believe price can see lower prices like 1.34800 Overall, we expect for the price to have another drop to lower prices and from there we can look for the long time buying opportunity but at the moment price looks bearish.
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by mohemati
GBPUSD October OutlookOn the large scale, The overall Trend is still Bearish. However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY; Thus, I will expecting a retracement towards the area around level 1.36000: Confluences at level 1.36000: Previous Flip Zone (Red) Fib Golden Zone (50%-61.8%) (Gold) Test of long-term bearish trendline Level 1.36000 Entry Criteria (Best with 3 or more confirmation): Break and retest of counter-trendline (Red) Retest of golden zone (Gold) Retest of Flip Zone (Red) Retest of Level 1.36000 Bearish Structure Bearish candlesticks Moving Average Crossover DXY shows strength on a retest of support
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by NoahXBorg