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Gbpusdtradeideas

GBPUSD is Setting a Stage for Massive Rally.The advance from September 2019 low can be seen as a five-wave Elliot Wave impulse structure, labeled 1-2-3-4-5. According to the theory, a three-wave correction follows every impulse pattern. In GBPUSD's case, the decline from wave 1 high in December 2019 has been unfolding as a three-wave A-B-C zigzag pattern. Wave A and B of the correction are sharp moves while wave C seems to be unfolding as an ending diagonal pattern. If this count is correct, GBPUSD is about to complete a bullish 5-3 wave cycle. The theory states that once a correction is over, the larger trend resumes in the direction of the impulse. Here, once wave “C” is over, a bullish reversal can be expected. The anticipated rally has the potential to move GBPUSD price above wave 5 high around 1.3518 in the short term. What's your thought on GBPUSD? Let me know in the comment. Thanks.
Long
by Veejahbee
3
GBPUSD 30min Strategy: Foul Play?Theresa May is expected to give unusual statements in today's session, some suggesting it may be linked to National Security. The immediate reaction was GBP weakness to the news, Manufacturing data countered. Based on the 30min chart GBPUSD has found some support. However, it has attracted some buyers, we suspected stops are being accumulated around the green line on the chart. It increases the odds for a whipsaw reaction in GBPUSD. Our preference would be waiting for further corrective gains before the weakness is expected to materialize. A 30min close to affirm a re-test of either price levels we highlighted on the chart is preferred. The key price regions are highlighted on the chart. Do note that this strategy is short-term and is for experienced technical traders.
Short
by DDMARKETS
GBPUSD completing a corrective pattern to return downside?I think GBPUSD has not completed the bearish move yet. The current bullish intraday move still looks corrective to me. I see the formation of an expanding triangle pattern. Triangles often precede the last leg of a bigger wave pattern. Thus, I have labelled the triangle as a possible wave (iv) of the impulse wave. The upper connecting trendline of this triangle pattern provides a resistance at 1.3645 and I expect price to stay relatively below (a slight break is possible, but price must return immediately). A strong/fast break above would invalidate this setup. But, if price bounces off below (probable make a strong drop or sideway congestion), I will look for a sell opportunity. My target stays at 1.32. I love this setup for the potential high R/R. More than 1:5 if the entry is good. My Telegram channel for free trade setups: goo.gl
by elyte
2
GBPUSD Sell 28Sept17 current 1.34536 28 Sept17Current sell on GBP Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and if you take a trade it is your full responsibility, not mine. 3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service. 4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit. 5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis. 6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to. 7. If I provide and give up my valuable time providing analysis to you please respect that I am providing it free of charge. Appreciate it and don't take it for granted. 8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply. 9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned. 10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience. 11. I have no issue with you expressing your opinion or disagreeing with my views but please don't disrespect me or write personal comments, this is offensive. 12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Short
by UnknownUnicorn1063189
5