GBPUSD Ascending/Rising WedgeWaiting for break of rising wedge to confirm bearish move to the downside.
Pounddollar
GBPUSD, pounds best selling regionas seen on the chart, wave 5 was preceded with a triangle corrective pattern serving as wave 4.
An ideally, after the completion of an impulse the corrective structure began rapidly on the opposite direction of the trend,
Now we are selling wave 3 of the C leg of zig zag correction
GBP/USD (15min) SwingProbability: 60%
High Risk!!!
You can close the deal manually or choose another Target to take profit
The chart will keep going up
GBPUSD Short Setup (1:3 Risk Reward Ratio)Here's my GBPUSD short setup.
Estimated trade length: 2 - 10 days
Entry: 1.31185
SL: 1.32120 (94 pips)
TP1: 1.30216 (97 pips)
TP2: 1.29241 (194 pips)
TP3: 1.28351 (283 pips)
Disclaimer: This is not a financial advice.
Trade safe,
Atilla Yurtseven
GBP review for week 17-21st AugPlan invalidated when price break below 1.30600 and no longer stay bullish on this pair when price break below 1.30000
GBPUSD, an elliot wave appproachElliot wave is one of the best technical strategies if it principles, are well applied.
On the GBPUSD chart, we can see that the fall on gbpusd was a retracement of wave 4 , the corrective pattern for this reteracement may not be accurately predicted until it completes, so we expect to go long after the completion of the minimum of a zigzag corrective pattern.
Mid-term outlook / idea for GBPUSD 🔌Today I'd like to share my GBPUSD trade idea with you.
We're seeing Dollar weakness as at end of July. I expect GBPUSD to continue it's rally to in and around the 1.30000 psychological level. I also expect price to react quite strongly at this level, to push to the downside.
Potential downside targets can be in and around the 1.24500 level (550 Pips). Some confluent factors to this target are the channel and potential liquidity lying under the bars / wicks formed early in July.
After the retracement to 1.24500 I'll look to go long targeting the pre-covid level of 1.32000 for a potential 750 Pip rally.
something I'll be looking at for confluences - stronger DXY in upcoming weeks, as well as a rise in the yield of 10-year Treasury Notes. So lower prices!
But all of this is just speculation - happy trading.
GBP at year open SRGBP at major resistance zone 1.2757 - 1.2819 which was last year open. Buying breakout once happens. If pullback long at 1.26
🎯 Target 1.290 / 1.295 / 1.3
GBPUSD BUY, rebounce on trend A 3 consecutive higher highs signify a valid trend, expecting GBPusd to resume the bullish trend while targeting the minimum of 1.28100, Invalidation level is
@ 1.25200
GBP/USD 07/14/20 POSSIBLE SELL I am looking for short if price shows rejection of 4 hour supply/ resistance zone. I am aiming for 25 pips take profit. Stop loss 12 to 20 pips. Check out my YouTube at NOEFXX.
GBPUSD SHORT 4HRLoOKING for short from that grey colored fvg box to Previous week's low
if market go above 1.26600 this idea will fail and price will migrate towards 1.27270
GU RecoveryGU might actually be going long...it seems to have created a corrective structure that is "not so corrective" really....it seems it has trapped sellers! (since everybody is going short on the pair) i'm seeing it respecting the 61.8 fib level as well...and might go back to last year highs//
Also keeping in mind how well the pound has been performing over the greenback! GBP is recovering well with the virus situation also...its going to be an interesting pair!
Enjoy...feel free to comment!
GBPJPY Gaining Strength UpdateAs forecasted yesterday, GBPJPY is looking to be bullish. We also stated on our group that we need to have a higher low first to confirm the start of an uptrend.
GBPUSD Swing Trade SetupGood day all, Chart looks a bit confusing currently with the short and long positions, however please take note we have not yet concluded our short swing. I am however starting to prep for the Long Swing again with the buy zone coming up as seen on the chart with that Blue Box.
What I am currently seeing is a trendline bottom to top that concluded with failure to break out short term which resulted in the three short positions with the formation of the Head and shoulders pattern and the two flag structures heading down to the Head length. However I am noticing a channel downwards which is another bigger flag pattern meaning we won't see that bottom trendline again and mainly longer term we are bullish for major swing trade. My first entry zone will be at the bottom touch of the flag structure and that blue box at 1.22070 with previous supports being found there aswell. This I will then ride to my second possible entry which is the flag break and retest also shown however please take note i will update chart with a entry once this has been confirmed. I am then looking for flag pole to play out which has target zone one at 1.27900 and second a new high above 1.28500. There should be a possible third entry also shown at the top trendline for where I am looking for a break and retest of structure before looking for a third update on entry zone with targets for minimum 1.27900.
I am looking to close out my shorts and will then do a full update for the long with a much cleaner chart. FX:GBPUSD
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