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Gbpusdtrade

GbpUsd- Sell rallies for 1:3 R:RSince the end of September's low at 1.03, GbpUsd has risen 2k pips which translates into a 20% growth (a huge rise for a major pair in such a short time). Also, from both technical and fundamental points of view, the long-term trend favors the USD and this rise is most probably a correction. Strictly technical, the 1.23 zone is strong resistance, and although the pair spiked above this zone (something to be expected from GBP), this rise was quickly reversed leaving an immense bearish engulfing on our daily chart (Thursday's candle engulfing 4 previous daily candles) and suggesting a false break. As long as 1.25 is intact on a daily close base, I favor a drop to 1.1750 support and sell rallies in search of good R: R could be a good strategy.
Short
by Mihai_Iacob
6
GBPUSD analyseAccording to the mild words of the Bank of England last week, it seems that we should wait for the further fall of this currency against many currency pairs. On the other hand, according to the British economic data, there are still no signs of exiting the recession. If the price can break through the specified support range, we expect a lot more fall of the British pound. Please pay attention to capital management (at the end of each month, a statement is provided based on this capital management) Capital management method: In 1-to-1 RR, we are risk-free and withdraw 50% of the profit. When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot , and in the same way, we move with the price in different RRs .
Short
by Amir-Maleki
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 1.1910 LEVEL. Then you can BUY at 1.2901 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
BEAR MAY TAKE CONTROL FOR WHILE ON GBPUSD (11 DEC 2022)Educational Analysis says GBPUSD may go SHORT. According to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why SHORT? On the 1HR timeframe, the pair is about to reach on supply zone. After that, it may go down to 1.19212. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS HOW TO TAKE ENTRY ON THIS? I would suggest that if the price reaches the supply zone, I would put a sell limit order with a 46.7 risk-reward ratio. As the price would move down I would post a comment on new trade entries with a good risk-reward ratio. SELL LIMIT ENTRY:- 1.23366 STOP LOSS:- 1.23455 TAKE PROFIT:- 1.19212 RISK-REWARD RATIO IS 46.7.
Short
by VishalBudhrani
3
GbpUsd could dive under 1.2As usual, GbpUsd is doing a lot of flick-flacks and spikes before changing direction. However, ignoring these short-term noises, the image is pretty clear with the pair facing a strong resistance level and nothing to support further rise from a fundamental point of view. That being said, in my opinion, GbpUsd will reverse soon and fall to at least 1.2 zone, so rallies should be sold. 1.23 zone should cap gains very well and yesterday's high could offer a good place for stop loss
Short
by Mihai_Iacob
17