GBPUSD: Your Trading Plan For Next Week 🇬🇧🇺🇸
GBPUSD is testing a key daily structure support.
Analyzing the reaction of the price to that, I spotted a double bottom formation on 1H time frame.
To buy the pair with a confirmation, wait for a bullish breakout of its neckline.
Hourly candle close above 1.2737 will confirm the violation.
A bullish continuation will be expected to 1.2787.
Alternatively, if the price sets a new lower low on 1H, the setup will become invalid.
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Pound
GBPNZD: Trend-Following Trading Setup
GBPNZD formed a classic cup & handle formation.
The market is trading in a long-term bullish trend.
The neckline of the pattern is the only obstacle for the buyers now.
Its breakout will initiate a trend-following movement to new highs.
Daily candle close above 2.075 will confirm the violation.
A bullish continuation will be expected then to 2.085
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GBPUSD: Key Levels to Watch 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Horizontal Key Levels
Resistance 1: 1.2820 - 1.2850 area
Support 1: 1.2630 - 1.2680 area
Support 2: 1.2485 - 1.2515 area
Vertical Key Levels
Vertical Support 1: Rising trend line
Consider these structures for pullback / breakout trading.
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Looks explosiveGBP is trending higher against almost al pairs, in this case is forming a bullish flag. You can open a small position now, if it drops open another. I very unlikely that the pair breaks down the support. I don't have a TP, I would let it rip. My SL would be if a daily candle closes below the support breaking it.
GBPUSD: Important Breakout 🇬🇧🇺🇸
Fundamentals support GBPUSD this week.
The pair managed to violate a key weekly resistance cluster.
The next goal for buyers now is most likely 1.297 resistance.
For buying, consider a confluence zone based on a rising trend line and a broken resistance.
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✅GBP_CAD SHORT FROM RESISTANCE🔥
✅GBP_CAD is about to retest a key structure level of 1.692
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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EURGBP: Oversold Market & Pullback 🇪🇺🇬🇧
EURGBP looks very oversold after a selloff last week.
The price was consolidating within a narrow horizontal range
and violated its upper boundary early in the morning.
It signifies that a correctional movement is coming.
Goals will be 0.8565 / 0.8576
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GBP-AUD Swing Short! Sell!
Hello,Traders!
GBP-AUD was trading in an
Uptrend along the rising
Support but then a breakout
Happened so we are now
Bearish biased and
We will be expecting the
Pair to go down to
Retest the target below at 1.852
Sell!
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GBPUSD INMINENT SELL OFFFOLLOWING DOLLAR INDEX ( DXY ) MONTHLY ANAYLSIS..
GBPUSD INMINENT SELL OFF
PRICE COME BACK FOR FIRST TIME (HIGH PROBABILITY) TO A SUPPLY ZONE GENERATED PREVIOUSLY AFTER TOUCHING ABOVE SUPPLY ZONE.
I SUGGEST TO OPEN SELL POSITIONS:
- SL 1.26850 - 1.26900 (Above Supply zone)
- TP 1: 1.18 (closing internal bearish cycle)
- TP 2: 1.07 (closing external bearish cycle)
GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.
The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.
Next resistance - 1.263
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GBPCHF: Bullish Move From Key Level 🇬🇧🇨🇭
GBPCHF is trading within a wide horizontal daily zone of demand.
Take a look how the price reacted that that area on 1H time frame:
first, the price broke and closed above a resistance line of a bullish flag pattern,
a double bottom pattern was formed and its neckline was broken then.
Chances are high, that we will see a pullback from the underlined structure.
Goals will be 1.1295 / 1.132
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GBP-AUD Risky Long! Buy!
Hello,Traders!
GBP-AUD is trading in an
Uptrend and the pair
Is now making a local
Bearish correction but
A support cluster is
Ahead and after the retest
I will be expecting
A bullish rebound
Buy!
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GBPCHF: Short From Trend Line 🇬🇧🇨🇭
GBPCHF is approaching a major falling trend line that I spotted on 3 days time frame.
The price formed a triangle pattern on an hourly time frame after the test.
The support of the triangle was broken to the downside.
I believe that the pair may drop soon.
Target will be 1.1285
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