Gu
GBPUSD CONTINUEDSo GBPUSD is in a clear uptrend, so on a 4h pullback look to enter previously on our last two trades we have utilized the 0.618 pullback to bag lots of pips, so can we expect a third 0.618 4h pullback to enter on? time will tell, its for sure something i have my eye on, if the rally is really strong we might retrace higher up the fibs, price action or rvi indicator can help.
GBPUSD SNIPE TIMESo gbpusd is making the pullback we expected and now price has reached the 0.5 fib and my money is on this fib level or the 0.618 providing a bullish rally. Look to buy as shown.
gbpusdhas broken a major trend line the down side just waiting to see how it reacts upon retesting resistance to enter a short
SHORT idea for The Cable in short term.Actually GU has already broken one of the major resistance lines to continue bullish trend.
But I think there will be some bearish movement for short term, based on technical analysis.
However it may not be worth to risk in this situation in terms of risk reward ratio.
GBPUSD WEEKLY OUTLOOKSo the gbpusd weekly chart has broken a two year high. look to trade a big move to the upside.
GBPUSD CONTINUEDSo last week we executed two perfect trades in gbpusd for over 300 pips.now we have another pullback to the 0.618 on the 4h chart, and 1h rvi bullish crosses and this makes me believe we will see bullish continuation this week.
GBPUSD short ideaPrice is making a double top pattern on 2H/4H timeframes (also on daily but less clear).
So we have 2 bounces on 1.36 major level (good resistance area).
Price also made a lower high indicating change in market structure.
I placed a trade on the top of the lowerhigh.
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GBPUSD long ideaPrice is currently moving in an uptrend and just broke 1.35 major level.
I expect a retest of this zone which also corresponds to a dynamic support and to .382 fib level (we have also the trend line).
I placed a buy limit at 1.35150 but if it isn't triggered i will enter during a retracement of the trend.
Let's see if this new trend is respected.
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Update On GBPUSD 2Afternoon guy's.....
We made a bullish forecast on GU earlier this week...
Just dropping the update on it
Thanks....
GBPUSD 0.618 PULLBACK4H chart is bullish and since closing the exhaustion gap price has fallen to the 0.618 fib, it tapped this level and seems to have found support. we can look to buy gbpusd and aim for a higher high. with a stop underneath the 0.618 and the pin.
GU 4hr Long/ShortGU has broken straight through major and minor supports, as it has done before.
I see two scenarios playing out here:
1) Either price has broken through and is coming back to retest before continuing on its bearish movement
2) Price has broken through and is now retracing back to major support before consolidating and making a move to the upside.
I am leaning more towards 2) than 1) given that, as far as I am aware, the pound is quite bullish while the dollar, indicated by DXY, has been moving extremely bearish recently. Gold prices tend to experience a markup/Christmas rally which further leads me to believe that going short on the dollar here may be the better option right now.
With that being said, Brexit decisions (or the lack thereof) are likely to continue to have a draining effect on the pound.
Whether or not it will be enough to pull it beneath the dollar is something only time can tell.
I will wait to see what price does, but hope to enter for a long @1.34000 with a target @1.35000.
If this really is a break and retest then will enter on bearish confirmation with SL until minor resistance.
Update On GBPUSD..Morning Guy's...
Last week gee movement was bullish even though we have a gap on GU, and the gap hasn't been closed.....
There's another Gap created today too, so if price could close the last week gap, there's also a chance for the close of this week gap....
What's yah thought on it?
GBPUSD GBPUSD H1
Price is still on the downtrend on the short term, price is making lower lows and lowers highs. We can expect a correction to the 618% level, or until price is breaks short term correction.
