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Gpbusd

Trading The Forex Master Pattern (Part 3)Continuing our analysis from friday: A, B, C, - Classic Forex Master Pattern funnelling out action as detailed previously D - Price failed to expand low, grab buy side liquidity and take out the C low, an indication price might reverse to take out C high E - 4H heikin ashi rotated to red and price entered a supply zone above value, this was a nice spot for a sell according to our basic strategy F - Now we wanna see price holding below the value line and respecting the downward pitchfork frequency, this will increase the odds of price moving lower to finally grab that buy side liquidity at G and perhaps resume the downtrend. The only problem is that the 4H heikin ashi rotated to green, we wanna see it rotate back to red. G - It is where we wanna see price go to complete the expand low and perhaps resume the downtrend
Short
by Never_Enough_FX
How do I prefer to trade GBPUSD in a middle term. 1. Price is inside of ascending channel, so my position will be long. 2. I don't exclude that price could retest previous high making Double Top pattern. 3. However, I prefer to wait and see if top of a channel will be touched. 4. I prefer to enter from current however the SMA200 on 4h still being untouched so price could falls more. 5. Risk management is always mandatory. Each forecast could be totally wrong. Base only on your own ideas.
Long
by UnknownUnicorn163516
GBPUSD Potential Bullish Bounce |28th March 2022Price is near buy entry level at 1.31280 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection. Price might potentially rise to take profit level at 1.32281 in line with 50% Fibonacci retracement. Our bullish bias is supported by stochastic indicator where it is at support level. Alternatively, price can dip to Stop Loss at 1.30819 in line with 78.6% Fibonacci projection. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
GBPUSD bottomed. 1 month of uptrend ahead.The GBPUSD pair is flashing a strong buy signal today, as it is rising on the 2nd straight green 1D candle following a Double Bottom on the 1D RSI. Monday's low happens to be exactly on the Lower Lows trend-line (based on the recent December 08 Low) of the Channel Down that started in mid 2021. As a result, if the price closes above the 1W MA200 (red trend-line), then we expect a roughly 1 month rise towards the 1D MA200 (orange trend-line) again, within 1.3500 - 1.3550. As you see on the chart, the 1D MA200 has been the natural Resistance since the pair broke below it on September 16 2021 with two rejections already. On the other hand, if Monday's low is compromised with a 1D candle closing below it, we expect the price to seek the -0.382 Fibonacci extension instead at around 1.2750. Be ready to adapt and have your SLs accordingly. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
The Short Education about Forex and the Players here Part 1Today i want to text some words about the main players in the Forex. Who is the main traders? Look.... We could categorize the major players in the market in some groups, but the main that is: 1. Commercial and invesment banks. It is very important part of all market and all players have to work with the investment banks to work on Forex, so Investment banks and commercial bank is the foundation of the Forex market. 2. Central banks. It is also the major participants but they are separated from commercials and investments, becouse of different goal they are after the exchanging. Their main goal is to influence the money supply within the country and control the imbalance associated with various situations within countries or geopolitical problems. 3. High-net-worth individuals It is a persons with hight net-worth. Al of them working with investment and commercial banks. In the American private banking business, such a person is defined as having investable assets of more than $1 million, which excludes his primary residence. There are also a few other groups, but these are the main ones that we are interested in and we can call them major players or almost big ones. Now let's get back to the techical part, all of these major players place stops in the double circled zone on the chart. So it is a bis SALE place. And the most important thing is that we have already reached it on this pair, even closed a few candles, so think for yourself.😉 Ask questions in the comments.
Education
by MiriamRapoport
Update on GBPUSDIf you followed my previous analysis, now that you've hit TP, congratulations to you. But if there are some of you who don't use the TP or TP further, you can take some profit and move the SL to break even. Because on the daily timeframe the price has started to move towards the kumo cloud, we are still waiting for confirmation whether the price will bounce when it hits the kumo or enter it. However, due to the strong bullish momentum, I think the price could break above the kumo and head towards 1.37, so we'll see what happens.
Long
by PictoPip