Sterling
The surprise of the GBPUSD continues?Hi everyone
I hope you are well
In the final analysis, our purchase idea was successful and we made a good profit. But in this analysis I present two hypotheses:
1. The price will reach the resistance zone specified in 1.4142 to 1.4242, and in dealing with this zone and pullback to the previously broken daily trend line, change the trend and start a relatively large bearish trend or correction. In this case, we will see a pattern of two peaks, but we must have a Kendall pattern to start the descent.
2. Break the price of the specified resistance zone, in which case the movement towards the resistance line of the channel starts in the range of 1.4700 to 1.4900. For the formation of this movement, stabilization of the daily candle above the specified zone is an important condition.
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GU short ideaMaybe we can look to short GBPUSD on the 4 chart, after price pulls baxk to the 0.618 fib and seems to be rejecting with pin bars.
An overview of GBPUSD performanceHello
I hope you are well
This analysis is done on a daily basis and has long-term goals.
The last time we analyzed the chart, we had a sell signal. Our sales deal has not been closed yet and about 200 pips entered the profit and returned, but it is still open.
As we analyzed last time, the previous analysis is correct and the chart could not reject the price of 1.4000 and went down. But on the way back to this price, it quickly signaled a decline with the candle pattern. If the chart can break the level of 1.3820, it will continue to move towards 1.3600 and lower.
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 .
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Price compression at the highest pointsHi everyone
I hope you are successful and profitable in the market
In the chart, we see a strong uptrend that has occurred in a price channel, as you can see, this movement is sharp and the slope of the channel is steep. We expect a price and correction compression after each Sharp process, now we are witnessing this compression and correction. But we are in a place where the price can go well wherever the price goes. Note that in this analysis we are waiting for approval from the chart, and we will not enter into any buying or selling transactions until it confirms us. In the current analysis, we have clearly shown how the price will move.
Zoom in on the image to see better chart details and price analysis
EURGBP Falling!Looking at the weekly chart, this pair has room to run southbound, but that depends on today's closing candle. If this pair takes out yesterday's low.. vroom!! vroom!!
Happy Trading folks!
Cheers!
GBP/USD has made steady progress throughout the EU session...GBP/USD has made steady progress throughout the EU session following a close shave at 1.3810 before Cable bounced firmly through 1.3850, 1.3900 and 1.3950 all the way to around 1.3992/3, while EUR/GBP continues its retracement from 0.8700+ to circa 0.8590. Not much in the way of fresh bullish UK specifics or Pound positives, but this week’s domestic agenda is busy given top tier data, BoE commentary, CBI surveys and the preliminary PMIs.
It may just be a momentary lapse or a case of the Monday blues, but the Buck has diverged from bond yields to an extent, albeit with the DXY deriving some traction from a retreat and re-steepening along the US Treasury curve ahead of 91.000 and the DMA in close proximity.
Sometimes wild, sometimes mildMaybe the title is a bit extremist. But that is the reality of this cross. It goes through a process with the utmost power and finally completes everything with a long shadow. A very strong uptrend and now a sharp downtrend. But do not forget one thing: it is always based on analysis. We are waiting for the price reaction and probably a signal for a trade.
Patience, intelligence, right and timely decisionsThe chart is clear, but you have to look carefully and make the right decision at the right time. The analysis of the previous time was in the direction of the chart being down, and so far the trades in our sales are profitable, but there is no certainty in the market. A smart trader has a complete analysis without any bias, and makes decisions based on the behavior of the market at the moment. It is nonsense to tell the market what to do. So carefully monitor the market and make the right decision at the right time.
What decision should we make?The market decides where to go, and we must make our own decision to oppose or agree with the market. The analysis is clear. Have you made your decision?
GBPUSD More Bullish MovementSince March of 202, the GBP has been in a steady upward channel carefully respecting the trendlines above and below. Looking for more upward movement to form a double top before we begin to look for opportunities to the downside.
Possible Bullish momentumGBPUSD bouncing off a support trend line. Possible move towards 1.39 resistance zone.
GBPAUD - Short IdeaI see the short, price has settled into a previous resistance zone.
- Shooting Star on the daily chart
- Price has retraced to the 50% Fib level and been rejected (my go to move), price just kissed the 61.8% and dropped.
1% Risk, 2:1 RR
-Happy Trading!
Stronger dollar or stronger pound ??We are following the market and are currently adhering to the previous analysis.
But the channel that can be seen in 1 hour time can be effective !!
GBPUSD sell tradeSell trade potential for GBPUSD.
Just completed off wave 4 and potentially will complete wave 5 at the -61.8 fib level
Eur/Gbp is on top of tailwinds...Eur/Gbp is on top of tailwinds from under 0.8600 where the base of 1.7 bn expiries rolled off (stretching to 0.8615), Sterling could be drawing some encouragement from signs of a resolution to the UK-EU rift over COVID-19 vaccines. The drop is now under way.
Sterling has lost more momentum approaching 1.3900...Before:
Sterling has lost more momentum approaching 1.3900 and pulled back through the DMA at 1.3830 before losing 1.3800+ status altogether and is now looking even more prone around the 1.3760 pivot point that prefaced Cable’s rally. The dollar index gathered more momentum and bullish technical impetus once 92.000 was breached as counterparts lost psychological and key chart levels and the DXY is now just shy of 92.155 vs 91.753 at worst in the run up to a raft of Fed speakers, more US housing data and the start of this week’s auction schedule in the form of Usd 60 bn 2 year notes.
