Buy above 1.2817. Stop loss at 1.2741. Take profit at 1.3029. Reason for the trading strategy (technically): Price is approaching major support at 1.2817 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level to push price towards 1.3029 resistance (Fibonacci extension, horizontal swing high...
High probability short term trade on GBPUSD for 100+ pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Our preference: short position below 1,2895 with targets at 1,2855 & 1,2825 in extension. Alternative scenario: in excess of 1,2895, aim for a continuation of the rise with 1,2920 & 1,2945 in line of sight. Comment: the immediate trend is declining and is showing a strong dynamic.
The British pound posted strong depreciation on Friday after price reversed near the resistance level of 1.2975 as expected. The declines came as the UK’s industrial and manufacturing production data was weaker than expected. Industrial output fell 0.1% while manufacturing production declined 0.2% on the month. The GBPUSD decreased to a 7-day low, closing on...
A. Since the double-bottom, the market is forming higher highs and higher lows B. Double-top forming C. Bearish Engulfing D. Uptrend formed (Higher high, followed by higher low) E. SMAs 20&100 show is sloping up suggesting an uptrend. In summary: Since January we have seen a growth on GBP currency and on a mid-term time frame, I see uptrend. But on a longer time...
my first post with tradingview. I will be looking to sell if the expected path holds. please support.
GBPUSD 1d shoulder neck shoulder Support: 1.25000 - 1.24000 This is not investment advice
GBPUSD 4H Short setup Support: 1.28000 This is not investment advice
Hey guys, here you can see the hourly chart of GBPUSD: i'm in here because of my higher timeframe analysis that allows me to highlight a structure area (yellow box) from the daily timeframe. When price touches such zones it usually reacts, giving us an edge to exploit the market. In this case you can see price has formed a double top followed by a break of...
Hey guys, here you can see the hourly chart of GBPUSD: i'm in here because of my higher timeframe analysis that allows me to highlight a structure area (yellow box) from the daily timeframe. When price touches such zones it usually reacts, giving us an edge to exploit the market. In this case you can see price has formed a double top followed by a break of...
Our preference: position below 1,2950 with targets at 1,2860 & 1,2830 in extension. Alternative scenario: in excess of 1,2950, aim for a continuation of the rise with 1,2990 & 1,3030 in line of sight. Comment: as long as 1,2950 is resistance, trading range with a bearish bias
On H4 chart we observe a downward movement, which began from test of this year’s high set by series of peaks from mid-May. So far declines are not violent but reaching new lows can trigger a stronger supply response. Price should then move towards next support at 1.2810-20. Last candles look bearish so declines are likely. In this context, consider short position...
On H4 chart we observe a downward movement, which began from test of this year’s high set by series of peaks from mid-May. So far declines are not violent but reaching new lows can trigger a stronger supply response. Price should then move towards next support at 1.2810-20. Last candles look bearish so declines are likely. In this context, consider short position...
Before anything else, I would like to make it clear that I would first like to see a pattern completion/confirmation of either the Double Top or the Head & Shoulders before entering short trades. At the moment, price has reached former resistance area and this can be treated either as the 2nd top or the Right Shoulder. Minimum targets of each, wherever you like...
This pair has recently shown some bullish momentum. I think this bullish move is going to end very soon. May be this week, the GBP/USD is going to turn bearish. However, there is still room for intra-day buyers as the pair still needs to rally at least 200 Pips to reach the sell zone . At 1.3264, the pair will find confluence of resistance. What are those...