Get started

Gbpusdidea

GBPUSDGBP/USD seems to have gained traction before testing 1.3000 but the pair faces several resistance levels that could easily cap the rebound. The first hurdle is located at the 1.3040/1.3150 area (static level, 50-period SMA on the four-hour chart) ahead of 1.3080 (static level, 100-period SMA) and 1.3100 (psychological level). In the meantime, the Relative Strength Index (RSI) indicator stays near 40, suggesting that the latest recovery attempt was a technical correction and that buyers remain hesitant. On the downside, 1.3000 (psychological level, static level) aligns as key support. In case this level turns into resistance, the next bearish targets could be seen at 1.2970 (April 13 low) and 1.2920 (static level).
Short
by GeeTreex
GBPUSD LONG!!!1Monday looks to have set the base for a potential long with London Killzone offering the high and low of the day. London open we seen manipulation running the asian range buyside liquidity before reversing and taking out the lows followed buy a Sharpe reversal breaking market structure to the upside and setting the tone for the week. CLASSIC LONDON OPEN WHIPSAW. Now we look for our way in , well wait for London open again tomorrow see if we run the current sell side liquidity into the 5mob=fvg shown on chart. Entry- 1.30000 BIG FIGURE Stoploss- 1.29959 (0.42%) TP- 1.310000 BIG FIGURE HUGE RR trade offering 10/1 with 0.42% risk and potential growth on 10k account of 3.5% Well be managing the trade accordingly once we clear today high at 1.30565 and reduce are risk.
Long
by Marketperceptions00
GBPUSD RETAIL HERD LONG 📉📉📉📉 In this example i provided you with a photo to understand how the retail herd on the most popular retail cfd's brokers are positionated. As we can see on the photo around 68% of the retail herd are long on this pair meaning we have to look only for shorts alligned with the contrarian trading approach to the markets. Price taked out buy side liquidity and quickly reversed to the downside as you can see on the chart plotted with liquidity. Remember, you will always have the herd results if you are doing what the herd is doing. Be contrarian that's and edge in the markets. What do you think ? Comment below..
Short
by AnonimFXRO