GBPUSD POTENTIAL LONG OPPORTUNITY (1D CHART)
GBPUSD POTENTIAL LONG
IF YOU TAKE A LOOK AT THIS CURRENCY PAIR ON HIGHER TIMEFRAME CHARTS YOU CAN SEE THAT GBPUSD HAS COME INTO ALL TIME YEARLY LOWS IN PRICE. LOOKING AT THE PAST MONTH OF TECHNICAL DATA YOU CAN SEE THAT GBPUSD HAS HAD BUYER INTEREST AND HAS BEEN MAKING HEALTHY MOVES TO THE UPSIDE. RECENTLY, LAST WEEK, AS YOU CAN SEE GBPUSD MADE A VERY STRONG 2%+ MOVE IN PRICE TO THE UPSIDE AND HAD BROKE ABOVE AND HELD ABOVE THE RECENT SIGNIFICANT STRUCTURE. BASED ON WHAT THIS PAIR IS DISPLAYING TO ME IT SEEMS THAT THE MARKET OF THE GBP IS WANTING TO RISE AGAINST THE DOLLAR. LETS TAKE A LOOK!
1D CHART:
*RECENT STRONG PUSH ABOVE STRUCTURE AS WELL AS OVER 100% MOVE FROM THE BUYER
*VERY STRONG MOMENTUM FROM BUYER
*HIGHER LOW FORMED ON DAILY CHART
*SIGNS OF UPCOMING BUYER MARKET ARE STARTING TO COME INTO PLAY
4H CHART:
*STARTING TO FORM A BUYER/UPTREND
*STRONG MOMENTUM FROM BUYER COMPARED TO SELLERS IN RECENT DATA
*LOOK FOR PULLBACK AND INTEREST FROM BUYER AGAIN FOR UPSIDE MOVE
1H CHART:
*USE FOR ENTRY/EXIT STRATEGY FOR MORE PRECISE TRADE ENTRY/EXIT
IF YOU TAKE A LOOK AT THIS CURRENCY PAIR ON HIGHER TIMEFRAME CHARTS YOU CAN SEE THAT GBPUSD HAS COME INTO ALL TIME YEARLY LOWS IN PRICE. LOOKING AT THE PAST MONTH OF TECHNICAL DATA YOU CAN SEE THAT GBPUSD HAS HAD BUYER INTEREST AND HAS BEEN MAKING HEALTHY MOVES TO THE UPSIDE. RECENTLY, LAST WEEK, AS YOU CAN SEE GBPUSD MADE A VERY STRONG 2%+ MOVE IN PRICE TO THE UPSIDE AND HAD BROKE ABOVE AND HELD ABOVE THE RECENT SIGNIFICANT STRUCTURE. BASED ON WHAT THIS PAIR IS DISPLAYING TO ME IT SEEMS THAT THE MARKET OF THE GBP IS WANTING TO RISE AGAINST THE DOLLAR. LETS TAKE A LOOK!
1D CHART:
*RECENT STRONG PUSH ABOVE STRUCTURE AS WELL AS OVER 100% MOVE FROM THE BUYER
*VERY STRONG MOMENTUM FROM BUYER
*HIGHER LOW FORMED ON DAILY CHART
*SIGNS OF UPCOMING BUYER MARKET ARE STARTING TO COME INTO PLAY
4H CHART:
*STARTING TO FORM A BUYER/UPTREND
*STRONG MOMENTUM FROM BUYER COMPARED TO SELLERS IN RECENT DATA
*LOOK FOR PULLBACK AND INTEREST FROM BUYER AGAIN FOR UPSIDE MOVE
1H CHART:
*USE FOR ENTRY/EXIT STRATEGY FOR MORE PRECISE TRADE ENTRY/EXIT
Comment:
TRADE OVER 170 PIPS IN PROFIT. CHEERS! SL LOCKED IT. RISK FREE TRADE.
Comment:
ALMOST TOUCHED TARGET ZONE. HAS MOVED OVER 400 PIPS. PROFITABLE TRADE SO FAR.
SEEING A LITTLE SELLER STRENGTH ON 4H. CLOSED OUT FIRST HALF 50% POSITIONS FOR 430 PIP PROFIT. HOLDING SECOND 50% WITH SL IN PROFIT. RISK FREE TRADES.
CHEERS!
SEEING A LITTLE SELLER STRENGTH ON 4H. CLOSED OUT FIRST HALF 50% POSITIONS FOR 430 PIP PROFIT. HOLDING SECOND 50% WITH SL IN PROFIT. RISK FREE TRADES.
CHEERS!