GBP/USD_SPT - GBP/USD discussion
GBPUSD Trend is not change yet, but i would like to see GU bounce from major support before going buy, today is more toward sell
GBPUSD Long to 1.34
GBPUSD I'm in long. Who's with me? Targeting PWH.
GBPUSD will be a big swing trade. BOS on the daily aiming for 1.31 support
GBPUSD Buying with little risk.
GBPUSD drew this out yesterday and it seems to be respected but I am waiting for NY session. It seems it might hold judging by the 4HR rejection it's building but waiting for a CHoS on lower TF by the previous HH or 4HR structure marked out
GBPUSD nice TP hit for the start of the week. Happy trading everyone!
GBPUSD Any reason why GU us falling this morning?
GBPUSD GBP/USD Intraday Analysis: The Upside PrevailsPivot Point: 1.3270
Primary Strategy (Our Preference):
Entry Point: Consider initiating long positions above the pivot level of 1.3270.
Target Levels: The first upside target is set at 1.3340, representing a significant resistance level. If momentum sustains, anticipate an extension towards 1.3375, where further resistance and potential profit-taking may occur.
Alternative Scenario:
Entry Point: If the price falls below 1.3270, it could signal potential downside pressure.
Target Levels: In this scenario, the first downside target would be 1.3240, a near-term support level. If bearish momentum continues, expect a further drop towards 1.3215, a stronger support zone.
Technical Outlook:
RSI Analysis: The RSI is currently stabilizing near a key level, suggesting the potential for continued upward momentum. This aligns with the primary strategy of favoring long positions.
Market Sentiment: As long as the price remains above the pivot point of 1.3270, the outlook favors a bullish scenario. However, a break below this level could lead to a bearish shift, indicating the need for caution in positioning.
GBPUSD Trade 1 TP hit in 15 minutes +36 pips, trailing 2nd POS.Entry: tradingview.com/symbols/GBPUSD/minds/?mind=B81LDyKqRFelU2JYIZrauw&exchange=FX
