Gbpusdforex
Pounding??As you know I predicted pound fall in the last week analyses and I'm still expecting this pair GBPUSD to fall further as there is lot of pressure at the resistance and the trend line still suggest this pair to fall further and we are already have open orders on this .....
GBPUSDOur preference: short position below 144.75 with targets at 144.00 & 143.55 in extension.
Alternative scenario: in excess of 144.75, aim for a continuation of the rise with 145.35 & 145.70 in line of sight.
Comment: as long as 144.75 is resistance, trading range with a bearish bias.
GBPUSDOur preference: position bought above 1.2950 with targets at 1.3030 & 1.3055 in extension.
Alternative scenario: in break of 1,2950, a continuation of the decline will be envisageable with 1.2930 & 1.2900 in line of sight.
Comment: The RSI is well oriented.
GBPUSDNotre préférence : position vendeuse en-dessous de 1,3060 avec des cibles à 1,3000 & 1,2950 en extension.
Scénario alternatif : en dépassement de 1,3060, viser une poursuite de la hausse avec 1,3085 & 1,3115 en ligne de mire.
Commentaire : le RSI est mitigé avec un biais baissier limité.
GBPUSDOur preference: buying position above 1.3030 with targets at 1.3115 & 1.3150 in extension.
Alternative scenario: in break of 1,3030, a continuation of the decline will be envisageable with 1,2980 & 1,2950 in line of sight.
Comment: The RSI is losing its bearish momentum.
GBPUSDOur preference: short position below 1,2895 with targets at 1,2855 & 1,2825 in extension.
Alternative scenario: in excess of 1,2895, aim for a continuation of the rise with 1,2920 & 1,2945 in line of sight.
Comment: the immediate trend is declining and is showing a strong dynamic.
GBPUSDOur preference: position below 1,2950 with targets at 1,2860 & 1,2830 in extension.
Alternative scenario: in excess of 1,2950, aim for a continuation of the rise with 1,2990 & 1,3030 in line of sight.
Comment: as long as 1,2950 is resistance, trading range with a bearish bias
GBPUSDOur preference: sales position below 1,3000 with targets at 1,2950 & 1,2910 in extension.
Alternative scenario: in excess of 1.3000, aim for a continuation of the rise with 1,3030 & 1,3075 in line of sight.
Comment: The slide under 1.3000 is a negative signal that paved the way for 1.22950.
GBPUSD 60min AnalysisVolatility spike from the abyss. Buy the rumor Sell the news. Cypher pattern completion. Upside bias still in play.
GBP/USD: Weekly OverviewLast week we saw price break down and through price level of 1.24251 the next level we want to see a positive reaction is at 1.23656
At this level we want the 4HR and 1HR trend line to break in order to enter in the 15M chart, their is also a daily support level of 1.23570 that will also act as a confluence to trade this.
Will be patient and see what price gives us.
Has the market declared the bottom for the GBP? Is it undervalued do to uncertainty? Has the downtrend/momentum, reversed/consolidated and prepared to move in the direction of it's true value? After all the noise coming from every angle, positive and negative, the technical foot print points to a grey area where all sure bets are off.
As the market has failed to break below the 52 week low in search for a true bottom smart money should be looking for alternative opportunities to produce positive returns. As all the hoopla has simmered down, the Pound bulls has "come out of hiding" and is more or less positioning to fight for it's integrity.
Well to keep this short story short, the market seems to be mapping out a H&S pattern. The Bat pattern is there courtesy of the "flash crash" back on the Seventh of October 2016, where the market gave way 700 pips only to give around 500 pips back all in 1 hour. Keeping that in mind it is also a fact that this pair never closed below 1.21000 in 2016 period. (No pun intended). The first and only time in recent history that happened was back in January due to the no FED rate hike sentiment before the February meeting. Thus the head forms and test the nearest high to form the neckline. The rejection at that point you could guarantee every trader willing to trade this pair was bull on the dollar riding this thing down looking for a break below previous lows.
As we can clearly see now that the break below did not happen, forming the right shoulder, could you answer the aforementioned questions with confidence? Surety? A break and close above the neckline should seal the deal relative to upside. Relative to the grey area? You know they claim there are 50 shades to consider.
GBPUSD : High Probability to Retest Previous Decision PointA strong support level at 261.8 Fibo level, where it pullback and create reverse flag pattern.
I will hold my current short position minimum at first DP, I will monitor during news. If the impact is big, the price may break first DP and go further down to next DP (Strong Key Level).
Good Luck.
Potential Bat Pattern GBPUSDHere on the four chart clearly the formation is evident, but Technicals tend to define Fundamentals so I'll tag this here Food For Thought!
GBPUSD 4hr longFellow traders, We all see the massive tumble of the FX:GBPUSD and cheers to those that caught it. My eyes have been elsewhere and truthfully I couldn't tell you why this move has transpired with this pair. Nonetheless if you don't have the 1.2945-1.2960 level on your short term radar you may want to run away as fast as you can, lol.
This pair is tremendously oversold and reversal is imminent. Time is the variable that needs to be discovered. NFP report for the month of September could bring this level into reach easily not to mention other pertinent news factors. So for me to consider a short I need to see this level be come reality.
UPDATE: One of two things will happenThis is an update on an idea I published a couple of hours back. I just added an AB=CD pattern.
Possible +80 Pip GBPUSD Range Breakout!GBPUSD has been in a +80 pips range for the past 4 days or so, and is likely to breakout of this range anytime soon. The MACD and the RSI are favoring a bullish breakout since they are both showing clear signs of positive divergence. On a much bigger scale, GBPUSD formed a falling wedge from the July highs at 1.34768. A bullish breakout of the range will result in a bullish breakout of the falling wedge (likely to happen) but if we have a bearish breakout of the range - the falling wedge's diagonal support could be this pair's next support level.
Bullish breakout means the possibility of more more pips to bag.
What do YOU think?
ANYTHING CAN HAPPEN!
GBPUSD 1hr Harmonic viewI was looking for structure to break and hold through the New York session but USD bulls lost the battle. The retest of the weeks high shows the market pricing in the fed meeting so I look forward to another test of the weeks lows before a leg up to test the month of July highs. In a perfect world the pattern completions would trade along with the Fed meeting.
GBPUSD - Long Position - At-least 3000 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 3000 Pips!
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long).
I am in this trade from 1.28000 , Brexit helped me to enter this trade quickly otherwise It would take a little longer to reach my price. It may still go down keeping the current situation in mind, my trade is well planned so even if it breaks 1.28000 , I'll keep adding more positions.
.TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 1.32000, you can still catch 800 pips till TP1 is reached, however there may be a pullback , It is recommended to enter with a smaller lot size if you want to take a long position right away & manage your stop loss accordingly.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Don't forget to like, If you like my analysis :)
GBPUSD Crab completion!!!Last few hours of the trading week has proven to be a nail bitter. Lets see if structure reigns supreme.
