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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
Pound to Trend HigherWith all the uncertainty in the UK economy due to BREXIT with have seen a shape decline of the pound against the US during 2019, with a sudden surge in the last quarter of 2019. What I see playing out is a cup and handle formation appearing in the chart as shown by the blue line in the chart. All the pullbacks on low volume testing the 1.3000 level, we have a strong buy signal on the ADX, as D+ crosses D- above 20 with the SAR indicator giving us the go signal. The OBV confirming the moves it has broken back above and retesting the 233 WMA. All this I believe will lead to a stronger pound through 2020.
Long
by TRADER-RI
Buying the pound is one of the best deals in FOREX American races in the gold and oil markets, caused by the escalation of the conflict between the US and Iran, diverted the attention of traders and analysts from the UK and the pound. As a result, the latter, together with the dollar, even yesterday tried to test the key support of 1.30. At the same time, the news that on Thursday the House of Commons of the British Parliament approved the bill on Britain’s exit from the European Union went completely unnoticed. 330 Johnson voted for Johnson’s agreement, 231 against. Once again: an event took place, to which Britain went for several years, and the pound has not changed by a hundred points. Just in case, we recall that in the spring of 2018, only on the expectations of the transaction, when it was still very far from the vote, the pound rose to 1.41-1.43. Now there is not only a deal on the table with all its conditions, but also a parliamentary vote for this very deal. We consider this situation to be completely abnormal. The pound has clearly accumulated upside potential and is only waiting for the team. Recall that the growth potential of the GBP/USD pair is measured in hundreds of points and our goal for 2020 remains unchanged - 1.41. From current prices, it is more than 1000 profit points! As for the reasons for concern (Johnson deadlines, the possible easing of monetary policy by the Bank of England, weak economic data), most of them are either hypothetical threats, not actual ones, and some play into the hands of a successful Brexit rather than against it. For example, recently published statistics on annual retail sales in the UK. The data for the first time in the history of observations have gone into the negative zone! Causal relationships with Brexit can be seen quite clearly. But we see this as an extremely clear signal that the only way to prevent a crisis in the economy is to agree with the EU on a trade agreement and minimize damage. That is, weak data, paradoxically, strategically play into the hands of the pound, as they increase Johnson’s tractability and contractability.
Long
by Trade24Fx
Still some good buying pressure in GBPOn the chart above you can see two falling wedges in the bullish market which resulted in two strong breakouts above EMA 50. This points to strong bullish pressure on the 15M chart. Also we see that RSI approaches lower bound (30 points) around which it is expected to rebound as it happened in three previous cases (shown by blue shaded areas). Note that RSI reversals from lower bounds work better in during up-trending markets which we currently observe. Trade setup: BUY GBPUSD. Entry point 1 - 1.30845, Entry 2 - 1.30645 Take Profit 1.31450 Stop Loss 1.30420
Long
by PipVision