GBPUSD buy from curent price reason for buy strong support zone sl 1.27409 tp 1.32596
Hey guys, this is the 4hr chart on GBPUSD. I'm looking at this because i think there could be potential for upside: we've just bounced from 1,28 (a daily structure) and in doing so price broker and closed above an intraday resistance (purple line). The next daily structure comes at roughly 1,3023 and therefore i'm expecting to see a continuation till we reach that...
Hi traders! We had a clear reversal on the daily timeframe. MACD & RSI slowly showing us their hands. This pair is ranging in two uptrend channel. With todays fundamentals news concerning the US Dollar, this pair might get the strength it needs to push up again. I'm looking at the blue zone that we went through in bear mode. GBPUSD LONG: ENTRY : 1.2869 SL :...
as we can see, this channel reach new record high for this year at 1.3114, and still at channel up trend. But its almost reach channel up pattern resistance level. So the best option for this week are waiting for small retracement, and enter long at CSR (1.2976), with target at 1.3290 Use stoploss at second CSR bellow 1.2818, aim for 300 pip with 2 RR ratio will...
Our preference: buying position above 1.3030 with targets at 1.3115 & 1.3150 in extension. Alternative scenario: in break of 1,3030, a continuation of the decline will be envisageable with 1,2980 & 1,2950 in line of sight. Comment: The RSI is losing its bearish momentum.
As we could see GBPUSD finally broke above the 4HR trend than now we are seeing the pullback, so we wait patiently for price to come back to retouch the broken 15M trend. Just set it and forget it, now we wait. Thanks www.blueprintforex.com
BUY GBPUSD on a short term basis with target at range 1.2970-1.2984 Proper money management is important!!!!!
After the impetus started on June 21, it seems to have come to an end on the 30th, forming a corrective stage. Apparently this correction came to a support where it shows us confluence, then we have a horizontal level in the 1,286 that does not serve as support, also the price seems to have reached the fibonacci 38.2% of the previous impulse, and we have...
Sell below 1.3044. Stop loss at 1.3081. Take profit at 1.2935. Reason for the trading strategy (technically): Price shot down towards our profit target before bouncing up once again. We now prepare to sell as price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction off this level for a...
GBPUSD is reaching a good sell zone must watch it carefully and taking good position Harmonic pattern almost completed .