Get started

Gbpusdidea

20 Reasons For Buy GBPUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: I think a multiyear downtrend is over now because the market formed a 1985 to 2022 double-bottom bear trap; you can be seen by using a yearly chart that the picture will be clear after if, in 2023 candle is clear inside bar with some bullish momentum 2:📆Monthly: a clear downtrend, but here are some solid reasons for the bull at this level; you can see a consolidation here sweep all downside liquidity and start a bull side move right now 3:📅Weekly: inner structure inducement and impulse move started. At this point, we are seeking only to buy everything in the bull's favor 4:🕛Daily: triple top with a proper bullish structure valid for only Buy entries at a breakout or pullback. Just buy here 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: triple top upside breakout excepted 7: 3 Volume: Every time a massive volume at the bull candle, this indicates buyers are much stronger than the sellers 8: 4 Momentum UNCONVENTIONAL Rsi: Waooo great Rsi almost shift their range from sideways to super bullish zone 9: 5 Volatility measure Bollinger bands: above to middle band some m shape so before breakout a minor correction is excepted for a more decisive move 10: 6 Strength ADX: bullish 11: 7 Sentiment ROC: GBP is more substantial than USD in terms of rate of change monthly period 1 ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish 13: entry move: we enter only at impulse move so we can wait 14: Support resistance base: recent bullish OB 15: FIB: Not yet ☑️ final comments: wait For Buy until the price does not give us a proper Buy signal at our desired Price 16: 💡decision: Buy Only 17: 🚀Entry: 1.2239 projected 18: ✋Stop losel: 1.2188 19: 🎯Take profit: 1.2557 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 5 day
Long
by Optimum369
GBPUSD: What is the direction of the market?At the beginning of the European session on Tuesday, the dollar increased slightly but struggled to surpass its recent five-week lows before the Federal Reserve's newest policy-setting meeting. The Dollar Index, which measures the US dollar against a basket of six other currencies, traded 0.1% higher at 103.025 at 04:05 ET (08:05 GMT) after falling below 103 for the first time since mid-February. Due to the ongoing banking sector crisis, traders began to anticipate that the Federal Reserve would not raise interest rates due to banking stress, which weighed heavily on the US dollar. To alleviate funding pressures in global markets, the Fed announced a seven-day dollar swap on Sunday. Although the use of this facility was restricted, the rush to inject liquidity into the monetary system demonstrated financial stress and had a clear negative impact on the USD, according to Alan Ruskin, Deutsche's director of international strategy. NOTE: when trading always have sl and tp to be able to ensure the account in the best way. Wishing everyone a smooth and successful transaction!
by Sphyn-Trader
1
Will GbpUsd break above resistance? (Medium term outlook)Since September's low in 2022, GbpUsd has reversed to the upside and changed the trend once broke back above 1.15. Corrected twice from the 1.24 zone and each time 1.2 zone (and slightly under) offered strong support with bulls quickly gaining control and leaving long tails on the weekly chart. At this moment GbpUsd is trading back to the resistance zone and looks determined to break to the upside. 1.22-1.2250 should offer strong support and dips in this zone should be bought in anticipation of a new leg up. My target for gbpusd is 1.27 in the medium term
Long
by Mihai_Iacob
9
Long GBPUSD, target 1.240 GBPUSD is currently testing support around 1.231, once the support is confirmed to be valid, it will rise to around 1.240. So today we will focus on the support around 1.231. When the support is confirmed to be valid, we can go long, and the target is around 1.240-1.244. I released the trading strategies of EURUSD and GBPUSD today, and I will continue to publish gold, BTC, etc. later. If you are trading them, you can follow me, if you have any questions, you can tell me, and I will help you answer them.
Long
by EagleEyeStrategy