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Gbpusdlongsetup

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.
Short
by bigdaddydivi
GBPUSD Long Setup Target 1.3450 - SWING TRADEThis is going to be a bit long one i think. I have multiple entries for this trade. First one is Limit buy order at 1.18240 and the other one is BUY STOP above 1.2805. This is weekly chart so stop loss is going to be huge. BUY STOP order has 880 pips stop and BUY LIMIT order has 400 pips stop 1. ENTRY: 1.18240 BUY LIMIT 2. ENTRY: 1.2805 BUY STOP SL: 1.14226 400 & 880 pips 1. TARGET: 1.2804 2. TARGET: 1.3450 TRAILING STOP: I'm not planning to move my stop until the trend line breaks. I will move my stop right after each waves breakout. RISK MANAGEMENT: Minimum risk for this trade is around $90 with 1 micro lot (0.01 lot). So at least $5000 balance required for this trade (2% risk) DISCLAIMER: This is not financial advice Trade safe, Atilla Yurtseven
Long
by AtillaYurtseven
4
GBPUSD Forex cross pair supply and demand analysis forecastGBPUSD Forex cross pair supply and demand analysis forecast, buy opportunities. GBPUSD Forex cross pairs is rallying sharply creating very strong imbalances on the daily timeframes as expected and mentioned in previous long term supply and demand analysis done a few days ago for GBPUSD Forex monthly chart. We were expecting price to rally from that monthly imbalance and that's exactly what is happening on GBPUSD Forex cross pair. Check previous GBPUSD long term supply and demand analysis to learn the exact details of that longer term analysis There are two strong new daily demand imbalances created on GBPUSD Forex cross pair daily timeframe. Only longs area allowed in an uptrend, no shorts allowed, as simple as that. There are only three trading decisions to be made every time we look at a chart, either we buy, we sell or we do nothing. In this case we should be taking action since we have very strong impulse, selling is not possible so the only direction we should be thinking of trading is longs, bullish bias and forecast for GBPUSD Forex cross pair.
Long
by AlfonsoMoreno
1
GBP/USD Weekly Long Prediction This one prediction may or may not take long to form at all. I decided to take this pair on a weekly outook to be sure of no noise on the smaller time frames. With everything going on with this Brexit deal I'm sure there will be some volatility in this pair. I would play it safe but setting a small trade on this pair. Once the pair breaks through the 1st resistance zone and becomes support I would think about doubling up on this pair for the long haul. (Comment Your Thoughts)
Long
by ProfxCapital
GBP/USD update: teasing inverse head and shoulders breakout Current rate: 1.2736 Cable clocked a high of 1.2757 post-NFP. The pullback does little damage to the bull view. A 4-hour close above 1.2745 would confirm a inverse head and shoulders breakout and open the doors to at least $10. pip move. The breakout on 4H would supplement the bullish profile of the daily chart, which has 5 and 10-day bull cross and the bullish divergence of the RSI Buy GBP/USD @ 1.2737 target 1.2-1.2830 with stops below 1.2667
Long
by OmiFX8
GBP USD SHORT, FUNDAMENTALS + TECHNICAL GBP USD, according to the US data release today we we will expect US Strong, which will provide a good set up for USD JPY and Of course GBP USD After this impulse of the pair we will need to recover in order to push lower. First we have 1.28520 on the cards, However a clean break of 1.30 on the Daily time frames will me this trade invalid. Furthermore the impulse is great and does not look that will stop now, the relationship between UK-EU is not the best at the moment, this will make the investors give a step back. resulting in a bigger supply of pounds on the market, which will result in a depreciation of the Pound. In another hand we have US coming with positive data. All the best Trading Protection
Short
by TradingProtection