Gbpusdlongsetup
A LONG TERM UPTREND on GBPUSD!The market recently tested our weekly low (first recorded on the year 2016) and is showing a strong bullish outlook to (possibly) reach 1.70000 in the coming months.
Now, we'll use the uptrend channel to find opportunities to go long and short; based on the trendline strategy till a breakout upwards happen.
Apply risk management and happy trading! :)
GBP/USD Buy Setup at the Frankfurt OpenTime Frame : M15
Conditions it must meet:
At the Frankfurt open check that
Price created a sideways boxed tight range the m15 chart.
Price did not retrace more than 38%. Preferably stayed sideways as shown in the picture on the m15 chart to the left
Look for a breakout long. Tight SL 2 R target.
What violates the signal?
If price created a deeper pullback Wave 4 down. or price continued to go up without creating a range during Asian session. then it's void.
GBPUSD - 4H Will Go Long After some timeOANDA:GBPUSD will go long but after some time not now, price might come to this purple and white line junction, or starts an uptrend after hitting the white line, it's just my idea, let's see how it goes, if you like the chart and analysis please like, follow and comment. Happy Trading :)
GBPUSD Long IdeaNote: DO NOT FOLLOW THIS TRADE BLINDLY!
Hi traders.
Retest of the blue zone to ride it up. Could look to swing this into next week if the economy begins bouncing back up.
Fundamentals wise, the UK economy is opening up so Sterling should strengthen against other currencies.
Seen a two day cable sell off, approaching a possible reversal.
Awaiting a possible sharper entry.
Planning on bringing stops to entry once it is possible and take partial profits along the way.
GBPUSD BUY A complete Elliote wave triangle and clear breakout can be seen here. I think there is now MORE potential to the upside.
Let's watch it closely.
Please leave a like for more content and let me know what you think in the comments section below.
Disclaimer: This is only an idea and should not be taken as a trading signal.
GBPUSD at Strong Support. Go Long For Near TermThe chart here shows that GBP is currently at a strong support level of 1.24800 level. This support level has been tested as past resistance levels for at least 5 times in recent times. When such a support level is being tested, the pair does hold a good chance of bouncing back. I would set the TP level at around 1.25200 levels.
GBPUSD LONGGBPUSD has been respectful and is moving up slowly but surely. I have taken trades earlier on but I have closed my positions and I have took the new trade at 1.25611. You can’t get all of them and can’t always predict how long it will go but as long as your entry is on point you will eat.
GBPUSD Sets To Continue The Bullish Impulse PatternGBPUSD's advance from 1.14062 low is taking the shapes of an Elliot Wave impulse pattern.
According to Elliot Wave theory, impulse structure consists of five waves sequence, three of the five-wave move in the direction of the trend while the other two move alternate the larger trend.
In GBPUSD's case, I'm focusing on the corrective pattern in wave (4) of iii which is unfolding as a flat pattern. The pattern which is about to complete will give us a buy trade opportunity in wave (5) of iii.
What's really interesting is that the alternation guideline is being followed. The guideline stated that if wave (2) is a sharp correction, then wave (4) will be most likely a sideway corrective pattern, vice-versa.
Entry Idea
Wait for price to retest the 38.2 Fib area, then watch out for the break of the blue line for buy confirmation.
What's your view on GBPUSD?
GBPUSD: Bull Momentum May Hold Towards 1.3600Hi Traders,
I'm looking for price to continue retracing and pushing higher towards 1.3600. The Elliot Wave sequence suggests that we're currently seeing a ABC running flat unfold and at the moment, price is in wave C (we can expect this to materialize in 5 sub-waves). Do not miss the subsequent impulse legs as this will be a wonderful long trade.
Regards
Wave Theorist
GBPUSD 15MIN CHARTHello traders, it is another week again to make more money this is the current view on GBPUSD 15 min chart but the daily chart is showing a high sell trends so let's keep the daily chart trend in mind but for sure let's make some money today with the 15min chart.
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GBPUSD - POTENTIAL LONG AND SHORT SETUP FOR NEXT WEEK!We can already see price testing support area @ 1.29285, as the markets closes for the weekend. What we could see during the opening of the London market session is either price re-testing the support area, so the big boys can stop hunt those who are holding their sell positions over the weekend, then a complete bullish movement. Or for price to continue on the uptrend to resistance level 1.29699.
We see resistance area at 1.29699 previously tested. Only Short @ 1.29699 when the London session opens which is at 8am. However, from 7:30am check to see if a strong bearish candle opens, which will be an indication to short, BUT Place the trade at 8am. Unless you are very confident, you can enter early from 7:45am. TP 1 @ 1.29285. Please note only enter this trade when price fails to breakthrough 1.29699. This could either be on Monday or Tuesday! MY TIME FRAME I SWITCH BETWEEN 15 MINUTES & 1 HOUR.