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Gbpusdidea

GBPUSD Long Term Buy/Will the Trendline hold?i think i'm one of the few people right now not looking to short GBPUSD, and that's because not only did we reject a major support/resistance zone (1.34000) as well as the 200EMA on the Weekly timeframe, we're currently in a uptrend. I've learned through painful lessons that you should avoid taking positions that go in the opposite direction of the current trend. No matter what style of trading you use or if you trade on the 1/5m, 15m, 1H or 4H, you should always be looking at the DAILY and even weekly for big support/resistance levels and long term directional bias. Otherwise you'll always find yourself buying the highs and selling the lows.
Long
by FrenchIvory
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
Short
by FxShzd
GBPUSD Dual-Direction IdeaAs price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today. Buy on the retest of: Trendline Level 1.36000 Minor Order Block Weak USD Report ~ With bullish candlestick and patterns Sell on the break and retest of : Trendline Level 1.36000 Minor Order Block Strong USD Report ~ With bearish candlestick and patterns
by NoahXBorg
GBPUSD Idea for the weekPrice has recently tested the long term bearish trendline and has also tested the 61.8% Fib level. I will be looking to go short on a combination of 3 or more of these confluences: Break and retest of level 1.36000 Break and retest of Bullish Push Line Bearish Structure Bearish Candlestick Pattern Moving Average Crossover Strength on the DXY If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high Previous Analysis on GBPUSD
by NoahXBorg
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
Short
by NoahXBorg