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Gbpusdlongsetup

GBPUSD Short RecapIdentified an opportunity during London Session. Price was looking to take out an old high Identified the legs of an ABC structure As it did we looked for a creation of structure before the liquidity grab Moved to 15 Min After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH Moved to 5 Min to ID FVG Wait for price to enter FVG and set SL above recent High Set TP at or near point B of wave Targeting 1:2.5 RR risking 1(or 2) percent of account Emotion: Groggy as I randomly woke up between 1:30-2 am ID Session Time and likely pair Confident in what looked to be forming Surprised that I woke up to what looks to be a perfect set up Frustrated due to sleep time, and inability to understand/read to FXBook calculator Trade MGMT: Entered minutes later than expected due to calculator difficulties Added the wrong lot size by a few as I was unfamiliar with mobile MT5 Created feelings of FOMO that I was missing money or wouldn't get an accurate reading with what looked to be a perfect setup Finally figured out the correct lot size and that I added 1.00 lot initially, and only needed .13 more to risk the %1/2 intended Was tired and didn't remember if I risked 1 or 2 percent Added and additional .13 position far past the initial trade, Looked at the additional .13 as a scale in opportunity, which is something I'd like to be apart of my overall plan
Short
by KennedyW12
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color (Long Term) We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop ;osses or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD showing bullish signsGBPUSD has been showing bullish signs in the recent days and it may be a good time to buy the currency as it has the tendency to rally up to 1.22500 and then 1.23000. One of the key factors supporting this prediction is the divergence on TDI (Traders Dynamic Index) which is a technical indicator that helps to identify trend strength and potential trend reversal. Additionally, the pair had a stop hunt taken on Monday, away from the psychological Support and Resistance level which is another indication of bullish sentiment. A stop hunt is a technique used by market makers to push prices away from key levels in order to trigger stop-loss orders and create liquidity. The fact that the stop hunt was taken away from the psychological level, indicates that the buyers are in control and that the pair is likely to continue moving higher. Furthermore, the stop hunt area was tested again in the Asian session today which confirms the strength of the support at this level, and increases the probability of a rally. My short term target is 1.22500, and my medium term target is 1.23000.
Long
by Samuel124
2
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2901 LEVEL. Before that, you can SELL at 1.1837 LEVEL. So go for GBPUSD LONG ENTRIES. Be sure to pay attention to the UK GEOPOLITICAL STATUS. If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT. gbpusd
by benny_marshall
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is on the UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a DOWNSIDE BIAS in the MARKET for USD. But before that GBPUSD can SELL until 1.1580 LEVEL. Then you can BUY at 1.2392 LEVEL. So go for GBPUSD LONG ENTRIES. Be sure to pay attention to the UK GEOPOLITICAL STATUS. If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT.
by benny_marshall
1
GU BIAS: SHORT-TERM BULLISHGood morning traders, wishing you a profitable trade today. Currently, the support level of 1.1485 has been holding the price since last week now in the H4 timeframe, and it it's still holding. Mr. GU is pulling back above this level, failing to make a new low. As a result, a bullish candlestick is forming to change the price bearish direction to a bullish direction. If this current candle closes as a bullish tail candle, then it's safe to long this market and aim for 30-50 pips or exit at the immediate resistance level. Also, the 61.8 fib level is being respected: the price is hovering between the 50 and 61.8 fib level snow. The levels to consider for exit: 1. 1590 and 1.1712. Wait till 10 am before going long, that is, wait for this current H4 candle to close. Don't rush.
Long
by OraclePips
GBPUSD Long Trade SetupA bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. Rooting for you! Your FX Plug FX:GBPUSD
Long
by charles-okoukoni