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Pounddollar

GBPUSD SWING Buy Trade setup!GbpUsd seen consolidating for a while on supports parameters after a huge bullish reversal from 1.1400 So now(Wait for Breakout) And lets take this massive opportunity, Once breakouts seen buy way up to top resistance parameters at 1.30000 Before a sell to supports but would update more on that. Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
Long
by NAS-KING
7
GBP/USD H1 - SHORT into 1.21635?Hi guys, hope you all had a successful trading week! :) What I'm looking at currently is the H1 Timeframe of G/U. The bullish moment that defined the last trading week for G/U has been slowing down completely at the 1.24820 S/R ZONE, noticeable by the repeated printing of small indecision candles at the zone, failing to close above it. In addition to that, we have finally broken the ASCENDING TREND-LINE that G/U has been riding on in the last hours on Friday before the market closure. If we zoom out into the D1 Timeframe & draw the fib retracement from the top to the bottom of the last swing, we can also spot that we are currently sitting between the 0.5 & 0.618 fib levels which is being rejected right now, indicating that the golden zone between the 0.5 & 0.618 is holding. I'm looking to short on the retest of the broken trend-line & S/R at around 1.24820, scaling in positions when its cascading down the previous mini S/R Zones, aiming for the wick at 1.21635. Summarizing the Set-Up -I'm looking to short on: - the back of S/R at 1.24820 - retest of broken ascending trend-line - Golden Zone D1 fib zone between 0.5 & 0.618 fib levels Friends, thank you for taking a look at my analysis for the upcoming week, don't forget to LIKE & COMMENT, so that I can see what you guys think about my analysis! :) Take care! & wishing everyone a nice weekend...& a profitable trading week ahead :) Noel Schwarz
Short
by WyredFX
2
GBP/USD SHORT: Possible revisit of 1.17000?Hi guys! Please don't forget to LIKE & COMMENT on my post for me to see what you think about my ANALYSIS :) This will be my official 2nd analysis on a Pair which I will share with you here on Tradingview . On the chart displayed is the 1H timeframe. We can see that the sterling finally broke out of the more than 6 Day consolidation box. We also successfully retested the 200 MA (Orange), which should force the pair back up to re-test the previously broken S/R & Box at around 1.23200 . If we do achieve this re-test, it should push down G/U through the 200 MA & testing the WEEKLY S/R @ 1.12500 . This test of STRONG previous S/R should then let the pair bounce back up to get rejected by the mini RESISTANCE @1.21500 & the 200 MA (continuation drawn in PURPLE). After this final re-test we should see the Sterling fall through the floor to possibly revisit the 1.17000 area where I'll be looking to take profit & close my SHORT positions completely. These are just my thoughts on the possible SHORT set-up that resulted though my analysis of the chart, I would love to hear your thoughts about it below! :) P.S: Please don't be too hard on me, I'm still fairly new to this, however any sort of feedback is much appreciated ;)! Take care guys! Hope you had a lovely weekend & are as excited as I am to dive back into the markets tomorrow! Noel Schwarz, WyredFX
Short
by WyredFX
Pound Ready to Rise? - GBP/USD Ichimoku Trade The pound got a push up and above the consolidation zone we've had our eye on for some time now. For this setup, I've set my entry line back at the top of the zone. For these zonal breakout trades I like to see price come back down to the top of the zone it broke out of, to make sure price will now respect that level as support. I'm targeting a price structure lower high you can see on the left hand side of the chart as my overall target, but will leave some of the trade running if we start to surpass it. As usual, I've drawn out partial take profit levels to aim for along the way as well. If we fail to get a drawback or hold support, this setup may become invalidated.
Long
by The808Trader