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Pounddollar

GBP/USD Prepare to Long the Breakout GBP/USD Pair Fib fan pull + Fib Ext Pull Rejected at the .382 or breaks above and pulled back down. Trading inside a symmetrical triangle and expecting a breakout soon as we close in towards the apex . Im expecting a move down to the .618 as displayed in the chart in which case a long opportunity presents itself . Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match . Long from the box with a SL below the last Swing low. Word of caution * We can also break down from this level as symmetrical triangles can break either way so exercise your own risk management and define your invalidation ! I will be looking for longs when we reach the Target drawn as Iam expecting more upside . A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
Long
by SJTRADESFUTURES
$GBPUSD - Inverted head and shoulders and Double bottomHi guys! 👋🏻 🔔 Inverted head and shoulders spotted on GBP/USD. The first resistance would be a neckline at $1.38600. 🔔 The second resistance is based on the confirmation of the Double bottom at $1.39880, and the final is the target of the double bottom pattern and February 25th high at $1.41740 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
GBP/USD: IDEAHere is an analysis on GBP/USD Currently @ 1.38900 In our previous analysis everything looked bullish on the pair except for the formation of a bearish harmonic pattern on the 4H chart suggesting a retracement or Reversal GBP & the Dollar have been outperformed by the EUR these past few weeks and we expect the Pound to be bearish long term . If the pair manages to break above 1.39 then it might challenge 1.40 Seeing that more long positions have been added to the GBP according to the COT this attempt might be feasible, but the Bearish harmonic suggests otherwise. It will be wise to place buys above 1.39200 and sell entries below 1.38600 link to previous analysis below
by fxspott
GBPUSD Buy and Short Potential, Stop Hunt Looming?GBPUSD had a big sell of starting April 6th then found some ground around 1.3680. That price is important because just below it there are potential smart money buy orders sitting at 1.3640. If you zoom out you'll see that 1.3680 has formed equal lows, which implies a lot of traders and funds will see this as potential support. There are most likely pending orders sitting around it now. We also have a double bottom that was confirmed this week on the H1 chart. I'd like to see one more high made for this double bottom to entice more traders long, I will be looking to sell around 1.3820 where there are potential smart money sell orders. The idea is that retail thinks long but smart money is actually selling all there long orders. Definitely monitor if we approach 1.3820 because GBPUSD could very well shoot right up. If we hit that price, divergence from the April5th high to the high at 1.3820 would give me enough confidence to observe price for a short entry. Long-term target is 1.3640, but It would be best to scale out along the way. Hope you enjoyed, Let's Elevate, Gio
by elevatedinvestor
4
GBPUSD Shortsafter a long uptrend on the daily looks like were finally getting a pullback for the weekly. price retested after the break of structure but was creating structure as it was going to retest so looking for a retest of our retest which would be another pullback. price been resisting the 38.2 which was also the break of structure on the trending retest. does look like the 38.2 should hold but with a trendline being connected to the highs we can potentially make a third tap and find confluence with the 61.8 before dropping. market might simply go to that level or wick at it to take out sells from the 38.2
Short
by mrmua74
GBPUSD Short Term Levels And ZonesTraders, these are the GBPUSD target levels and zones that I am watching. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
2
GBP/USD Forecast: Long then shortHere is an update on the GBP/USD pair RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.38400 We were bullish on the pair but cautioned that if the pair failed to break above minor resistance @ 1.38700 it will fall back to 1.37 and that's exactly what the pair did Our Sell Stop order was triggered & we managed to bank 400 pips over 20 positions on the pair. WHAT TO EXPECT: Currently @ 1.36800 The pair has broken below its Ascending channel, from here the pair might fall to 1.35 But 1st we expect the pair to retrace at least back to 1.37600 which is 50% retracement level If it breaks above this level then the pair might go back to 1.38 Bearish harmonic pattern on the monthly time frame MN suggests a possible change in the direction of GBP/USD long term. OUR POSITIONS: Buy Stop @: 1.37200 Buy Stop TP @: 1.37400 Sell Stop @: 1.36500 Sell Stop TP: 1.36300 link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
1
GBP/USD Forecast: Long then ShortHere is our analysis on GBP/USD: RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.39700 We were bearish on the pair but did caution that the pair might reach 1.40 before falling back to the 1.38 The pair did exactly as we predicted triggering our Sell Stop @ 1.39100 & hitting our TP @ 1.38900 enabling us to bank 400 pips on the pair. WHAT TO EXPECT: Currently at 1.38460 We expect the pair to be bullish from here as it is trading at the lower end of its Ascending Channel The pair might test resistance @ 1.39100 if it manages to break above its minor resistance @ 1.38700 Failure to break above this resistance we might see the pair fall to the 1.37 level OUR POSITIONS: Buy Stop @: 1.38800 Buy Stop TP @: 1.39 Sell Stop @: 1.38 Sell Stop TP @: 1.37800 link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
3
GBP/USD - Following Oversold Zones (LIQUIDITY UP)Technical Overview: - GBP/USD Check out our previous posted analysis As mentioned last week, we were waiting for price action to come down to our long price targets to then look for further confirmation. We had a very busy week filled with fundamentals topping it off with Powell speech. Friday had to take a step back and rethink it self based on the fundamentals Last week we had a bigger range, we worked with 4 different zones and 2 of those had been reached we are now working within the 2 other zones we had 2 buy zones 2 sell zones, bigger range, smaller range we had cleared the range within we are now working with the outer range We see a lot of liquidity built up and this comes from whoever had seen this as "resistance" while on the lower side we see the same thing happen as "Support" and that is why we are anticipating price to take out both imaginary levels We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place. HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
by FlyDownX
2
GBP/USD forecast: LongHere is an update on GBP/USD RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.38300 We were bullish on the pair after the formation of a bullish harmonic pattern in our previous analysis The pair continued to fall to 1.38 before being bullish As the pair began its bull run it triggered our Buy Stop & hit our TP from our previous analysis enabling us to bank 400 pips from our Buy Stop orders. The pair then fell to support @ 1.38500 before going up again thanks to the FOMC which we also capitalized on. WHAT TO EXPECT: Currently @ 1.39700 With a key event approaching the GBP/USD might either fall back to 1.38 or break above 1.40 But for now, like the EUR/USD we expect the pair to retrace back to resistance @ 1.39500 before continuing its uptrend If the pair falls below 1.39500 it might trade back in the 1.38 range GBP is still bullish in the long term. OUR POSITIONS: Buy Stop @: 1.40100 Buy Stop TP @: 1.40300 Sell Stop @: 1.39100 Sell Stop TP @: 1.38900 link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
GBP/USD Forecast: LongHere is what to expect on GBP/USD RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.39200 We expected the pair to be bullish on the pair but did caution that the pair might be bearish due to weak data that came in on Friday & also if the pair struggles to break the down-trendline. The pair fell to lows of 1.38600 triggering our Sell Stop @ 1.38900 & hitting our target @ 1.38700 banking us 400 pips on the pair. WHAT TO EXPECT: Currently at 1.38300 Pair has broken below support/resistance @ 1.38600 We expect the pair to retrace back to that support @ 1.38600 & try to break above it. If the pair fails to break above it we might see it fall to last weeks lows of 1.37700 Bullish Harmonic pattern forming on the 1H chart suggests a possible reversal if confirmed OUR POSITIONS: Buy Stop @ 1.38700 Buy Stop TP @: 1.38900 Sell Stop @: 1.38 Sell Stop TP @: 1.37800 link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott