GBPUSD LONG - SHORT TERM ENTRY ANALYSISHere on the GBPUSD currency pair I have identified a very ideal long opportunity for the GBPUSD pair, for the short term and even possibly the long term. I have first identified a bullish rally on the 4hr chart and I waited for the pull back to occur. In my analysis you see the pull back and the entry on the 1hr time frame. I expect another series of bullish pushes from this 1.28200 level
Greatbritain
GBPAUD SHORTFundamentals will create any reason to explain the technicals of the market. BREXIT, protest, etc. Being a technical trader and having a set algorithm will solve most over complicated issues to this complex market. It looks just about time for the this pair to resume its long term downtrend. I am currently in shorts, but will be adding to my position once price declines further past 1.8500 support. My overall target for this position is 400 pips to 1.81.. The market can fall further than this point, but I will have further updates once that happens.
GBPUSD is likely to move up.Here we can see the complete A and B Elliot waves. I suggest to wait for wave 3 and put a buy stop order above the wave A. In fundamentals we wait for good news from Great Britain, updates of macroeconomic indicagors. The most important one is trade balance. If it's lower, GBP will be stronger. Now we should just wait.
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
GBPCHF - Sell Opportunity!Hey!
IF there comes a second chance, then sell GBPCHF on the orange line area inside the blue box!
Blue area trade criteria:
- Trendline
- Previous resistance level
- Fib retracement level
- Fib extencion level
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Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
GBPUSD Possible LongSo, as many of you are aware that yesterday didn't go to plan for Theresa May, and many did assume that the GBPUSD was going to sink to the ground - which it did but didn't.
I have done some analysis on the GBPUSD going long with a Target @ 1.32000.
Let me know your thoughts, happy trading! :) GL
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.
GBPJPY short position ideaentry price : 146.350
Take profit 1 : 145.100
Take profit 2 : 143.200
Take profit 3: 140.220
Stop loss : 147.100 (suggest to use trailing stop)
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Don't forget Asset management / and please trade at your own risk and this chart is as my opinion about GBP/JPY
THANK YOU
REGARDS
Abolfazl Abedi
GA GBP/AUD overbought AUD really oversold My momentum, momo stoch and stochastic etc. indicators/oscillators shows a very strong sign of overbought in the pair and a start for a downward trend.
Highly overbought If it does broke the support it is a good entry watch for days range it could affect your s/l, t/l & t/p.
Breaking it's chart atr the pair is highly volatile and overbought and AUD cs is highly oversold for the past couple of days etc.
GBPUSD BullishGBPUSD formed a cypher harmonic pattern, it's started Dec 21
Also, GBP goes in ascending triangle which reinforces bullish vision
as always stop loss is marked by red line and the target is marked by the green line (The entry point is appropriate now @ 1.33550)
+ Keep in touch we will build and close position together.
Thank you
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