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Gbpusdprediction

GBPUSD - Scenario change and the uptrend formation ( Weekly Chart ) At the end of November, we returned to the weekly chart to see the general trend. By drawing the trend line, it became clear that the downtrend line has been broken, in this case, we should not think about the downtrend at all! Also, the structure of the ending-trend waves is in a 3 -wave format, which represents the Diagonal pattern, and due to this pattern and very strong convergence, the scenario change would be obvious. Then let's just think about going long in every decline. The confirmation of this uptrend will be got by crossing the price from the end of 4th wave - 1.4377 - (with 5 uptrends). The formed pattern in wave X is in an Expanded Flat shape, so the diagonal pattern in wave C can be correct. In the daily chart: ( Daily Chart - Bullish scenario ) The structure of the V wave from the Ending Diagonal pattern in the form of Double zigzag, which is completed in the range of 1.1414. In continuation, the uptrend is forming the first 5 ascending waves that can cross from the end of the X wave and move up to the range of 1.3948. Needless to say, this part is quite mixed and the reason is that we can count the movement from 1.1959 to 1.3483 as a Double zigzag pattern, in which the 5th wave from the Diagonal pattern is not ended. ( Daily Chat - Bearish scenario ) In the 240-minute chart, there is no doubt about the structure of the uptrend from 1.1414, and the price will be probably forming another uptrend to complete the 5th wave. (According to the formed triangle pattern). By breaking the weekly trend line, the formation of a bearish scenario is unlikely.
Long
by NirmataFX
GBPUSD – probability of completing CorrectiveGBPUSD – There is the sign of probability of completing the corrective uptrend The range 1.3482 is a very important range for us, which by crossing the price from this range, we will encounter changing the trend. Currently, according to Fibonacci percentages, there is a scenario that wave 2 has ended in the range of 1.3398. The first confirmation for the advent of a downtrend is crossing the price from the range of 1.3105. by the resumption of this movement if the price crosses the range of 1.2853 and with 5 downtrend waves, the downtrend in wave 5 can be confirmed. please see the previous analysis by following this link.
Short
by NirmataFX
GBPUSD - Lower Prices Seem to be Coming. Hello and welcome back. If you found this idea helpful, please leave a like. GBPUSD looks like it wants to go lower. I see lower prices at least in the beginning of the week. My first objective would be 1.2845 and if we were to go lower, then the green and blue lines would be the next targets. Come the middle of the week, I will post an update. Depending on how prices reacts at the lower levels will determine my future bias. For now in the short-term, lower prices.
Short
by TheMystiqueTrader
GBPUSD Strong Buy To 1.25215| 28th April 2020|From the last week, I jotted down in my trading diary. Expecting the bullish on GBPUSD is about to happen starting last week itself. I am spamming long on GBPUSD last week and profitable. GBPUSD losing the grip on bear trader after the power has been change clearly by last week move. Bear trader already exhausted to spam shorting. This week, the gain will about to set and I will open the long position and hold it for once whole week. Expecting the price with hit my expectation key on 1.25215 level. Good luck, Cheers~ Regards, Zezu Zaza 2048
Long
by Zezu_Zaza
GbpUsd predictionWe can see a channel in my previous post i told to take a short position which is now playing on our side now the flow up of previous analysis we can close your sell position and wait for long position as the market reaches the support of the ascending triangle and tp and sl are shown in the chart. If you like my analysis do like and comment below whether you agree or disagree from my analysis and do follow me. As I regularly post the prediction on all major forex currency pairs,gold,bitcoin,and stocks like Tesla Note this is not a trading advice and I am wrong 100%
Long
by TradingWith360
2
Friday's Bearish Daily candle shows GBPUSD might drop below 1.20GBPUSD seems to have reversed from the 1.2470 area. There were multiple rejections at this level on the daily chart and the bulls couldn't breach this level. Currently, the price has dropped below the all-important 100 hour EMA, which is a short-term indicator of the trend. So, we are back to the Bearish Territory. As per my analysis, GBPUSD might continue to drop till 1.1950 and even more. So, my trading plan is to sell GBPUSD@1.2280-1.2350 with SL above 1.2470 and TP at 1.1950. Disclaimer: This is just my personal trading plan and not a signal of any kind.
Short
by TraderAvDM
17