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Greatbritain

I will remain long here with the GBPUSD pair.Here on the GBPUSDcurrency pair i have reason to believe a long position will be very rewarding over the coming months. Based on my technical analysis price has rallied for the bears over the past 3 years and due to recent changes in the economy as well as inflation taking a toll on the DXY, the bulls have now entered the market. My technical analysis indicates that price has no returned to 23%-38% of the bearish rally and is heading to recover even more. I even have the sights of $1.40-$1.60 in mind. Brexit will also [lay a major role in the coming trend changes I have predicted for the GBPUSD. I must say this move will be exiting either way, Happy Trading , manage your risk and don't get caught on the wrong side of the board. THe URban GeNius
Long
by UrbanGeniusOfficial
Possible EUR/GBP Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 0.878, a long position may be an option :) B – Beliefs Market move towards the first Target 1 level @ 0.881 FX:EURGBP Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 0.881 Target 2 @ 0. Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Tier 1 Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Long
by SMPTrader
2
GBP/USD to Continue Falling After Retesting Major LevelBased on technical analysis, GBPUSD has blown through previous major support and a major demand zone in the market. It's currently on a macro-downtrend, continuing with lower highs and lower lows. Top down analysis has shown that this pair is just in a small retrace at the moment, retesting the broken levels while still maintaining structure. However, on the the smaller time frame uptrend, it has broken both its trend line and structure. Looking for a retest of the broken trend line and resistance level before it continues with a powerful push down to continue its macro-movement.
Short
by xXxD3LCOxXx
GBP/JPY Analysis for Week 27 - Trenline OutbreakDISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". I have been watching this pair for a long time and have been highly interested as well as profited from it. The wat the price action has moved and formed a beautiful structure is just amazing and is what you usually see in text books. It seemed to have moved this week so lets take a look. Weekly: I had drawn a resistance line at 148.058 a long time ago () and noticed that the price would reach the area and bounce off to hit the ascending trendline. The price has tapped the resistance level 3 times and the next obvious move was to drop towards the trendline, which is what it did in July. Daily: So taking a closer look we can se that the price bounced off the resistance area and this past friday 11th of August, the price broke the ascending trendline. Something expected after hitting the resistance area. So on a daily outlook here is what Im thinking: The price is gonna catch a lot of traders selling and selling because of the outbreak. I will not sell just yet. I will wait for traders to take their profits, thus bringing the price up to the ascending trendline and previous support area around 142.770. At that level is where I will wait to see the price action and possibly sell. 4hr: Alright so the price has moved below the MA. I will wait for the price to tap it and sell, maybe take a small scalp on it. Either way in the big picture I feel this pair as a sell.
Short
by EdwardFabianRamirez
2