Gpbusd
GBPUSD | LONG| Areas of InterestTrend: Bullish
Retail Sentiment: 76% Short
LP Sentiment: 44% Long
Hope you have all had a great trading weekend
Moving into Tuesday my sentiment has not changed, but I would like to see better prices than where we are at the moment. If you are looking to short the market in the morning that could provide a good short term move.
For all my followers I wanted to provide content that can enable you to become a better trader. My Areas of interest are defined by looking for volume imbalances in the market 👨🏾💻
I will be focused on the buy-side (green) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Sell-side areas are great for exits 🕵🏾♂️
Happy Trading
Regards
LBM
Trade What You SeeKeep it simple. Wait for price to show you what it wants to do and react. Looking for buys above my zone with a break and retest with a bullish engulfing or double bottom to confirm bullish continuation. Looking for sells if price can hold this overall downtrend and confirm it with a double top or bearish engulfing pattern. Until then, I will wait.
GBPUSD Sell or Buy ?Hello traders, I think, that we have 2 options on GBPUSD..
1. We can see a bullish flag pattern. The price will break the trend line and resistance zone, it will retest and form double bottom probably, so we can enter a long trade.
2. The price will bounce from the trendline and price will continue the downtrend. If we will look into the weekly timeframe, we can see, that price bounced from resistance zone and we can see the shooting star candlestick pattern too.
I would not enter any trade. We need to wait for candlestick pattern confirmations, so be ready.
I hope you like my opinion on GBPUSD, I will be very happy if you will leave a like or comment. Thanks.. Good luck.
You trade at your own risk. Good luck.
GBPUSD Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price is on a rebound on the 1D MA50 (blue trend-line). The MACD is about to form a Bullish Cross.
Target: 1.4400 (below the 1.5 Fibonacci extension which always gets hit within the Channel).
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