Tradesmanship

(GBPUSD) Daily and 4hr - speculation and analysis

FX:GBPUSD   Pound Sterling/U.S. Dollar
Daily -
We can clearly see a descending broadening wedge , which makes this pair Bullish in long term, however I would like to see this pair hit the bottom of the wedge before it heads up, if we do break the blue trend line , its a safe to say to sell after a small consolidation, if we don't then we shall continue heading up.

4hr -
The 4hr time frame also shows a wedge too, but its unclear if its descending or ascending wedge . regardless of the wedge properties, a breakout of either side should be followed by a small consolidation and a big move.

- Sentimental data provided by Mongers Kit shows majority are Long on this pair :
https://gyazo.com/8dbf9867f58b944d2a0a272e23696c69


Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management.


Mongers Kit

Mongers Kit is complete traders toolbox, with all the data and news you need to have successful trades. Mongers Kit is packed with features such as :
1) order flows in real time.
2) current open positions from 4 different brokers.
3) real time news update.
4) T.V and Radio to your favourite channels (Blomberg, CNN             , ABC , etc).
5) Dynamic sessions - see all the rises and falls in each session.
and much more, get your kit now at http://www.mongerskit.com

If your my follower, you get 20% discount on your purchase of Mongers Kit.
Contact me for more details.

Comment:
snapshot

down side prevails, safe to short with tight SL
Comment: short SL was hit, we are back to the wedge, waiting to see what happens next.
Comment: daily short confirmed, wait for a little consolidation before selling.
Trade closed manually: out of this trade with - 50 pips
The walk gbpusd is having is not Bearish :) but cunning :) to trap sellers.. remaining market will tell..
Reply
Tradesmanship newbie2016
I personally think we have not seen the bottom of GBP yet, I feel like we need one more leg down before the real bullish movements start, but we shall see ;) , I will close all my positions before FOMC, am not looking forward to any surprises haha.
Reply
newbie2016 Tradesmanship
I am bearish too.. but i can not ignore bullish moves.. check gbpaud 1hr chart.. double bottom and now trading at neckline of it.. also check 4hr candle.. So watching that gbpaud.. I think gbpusd will remain for more consolidation as I see upside in gbpaud and check gbpjpy as well..

Things are wild as I am bullish usdjpy..
Reply
newbie2016 newbie2016
For gu, key area is 1.305 then 1.30 for today...
Reply
newbie2016 newbie2016
This was the reason.. that I was saying to stay away from gbpusd short.. cuz bullish divergence was going on in other gbp pairs.. literally no movement from gu after news and all others pair was falling..
Reply
Tradesmanship newbie2016
yeah, well it didn't go down as I thought it would but it didn't go up either, its still consolidating, direction still unclear but am still in favour of short.
Reply
newbie2016 Tradesmanship
I think more consolidation on way in gu due to its cross pairs.. check gpbnzd and gbpaud..
Reply
newbie2016 newbie2016
It is still holding bullish divergence... check holding v. nice now above 1.31
Reply
Tradesmanship newbie2016
well fuk lol, am getting out of this, seems like its going your way. I shall come back for this another day
Reply
newbie2016 Tradesmanship
lol not my way.. but market way.. my 1st msg was if gu remains above 1.305 then it will go for 1.32..

I think gu is in still good mood to consolidate then maybe fall.. for now lets see how far it goes..
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out