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Gpbusd

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.
by jdemsekoupatt
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). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1
The Pounds Climb Against the Dollar- Some Reference PointsThe pound has been incredibly strong against the dollar through early 2021 and it has peaked out at 1.42418 following some sharp downward momentum. Here are some potential reference points for this week as well as some longer term POI's that might come into play in the near future. The Pound's rate is at a similar level as 2016 yet interestingly enough the US 10 year bonds are at levels similar to 2012 lows and though they seem to be recovering from almost nothing. None the less, the Dollar still may be in trouble on a short term basis. Cash has been printed on a widespread basis and there is a now seemingly exponential growth to the money supply in the US compared to normal trends. Compared to Asian counterparts, the Dollar has preformed seemingly well with similar equity market conditions which brings me to my next point. As the dollar continuously loses value, and the potential growth sector in the US equity market corrects, it raises the question: has the US moved out of the euphoric market state into recession like trends? I choose to take the standpoint that though the outlook may be grim, no, there is not a recession on our hands and the dollar is likely to recover some of its losses within the year as long as the Fed keeps a steady hand.
Short
by crawfordpaul