GBPUSD - Buy signal confirmed (Daily + 4H)
Those who followi me on Twitter already saw my posts in last few days about GBPUSD. Maybe they even felt how annoying it was for me, as I already enterred some long positions five days ago, and this cross was hesitating so far.
But now we have the confirmation of the previous possible buy signals. Now we have 1,59-1,60 in focus as possible target.
Daily:
- Ichimoku setup is again turning towards bullish from neutral. Price after testing 100 WMA and level of future Senkou B a few times, now is trying to cross back above Kijun Sen. Tenkan, Kijun and Senkou A started to point up again.
- We had mixed Heikin Ashi candles for the last 6 days and also haDelta/SMA3 was swinging around zero level, which together showed some undecision. Today candle is gree, with a long body and without lower wick, haDelta/SMA3 is clearly bullish above zero.
- As I wrote on Twitter earlier, we can expect some more acceleration if Price closes above 1,55.
4H:
- Bullish Kumo breakout. From now every dip is a buying opportunity until Price holds above the Kumo
- Since yesterday afternoon we have a clearly bullish Heikin Ashi setup. Pull backs are possible, but during each pull back to any supports we have to look for next possible bullish Heikin Ashi signals to enter or to add more long positions.
1,5190 has a very high impoertance as a strong support. If you check the Weekly chart, that is exactly the level of both Tenkan Sen and Kijun Sen now. This should be the ultimate stop for Long positions.
But now we have the confirmation of the previous possible buy signals. Now we have 1,59-1,60 in focus as possible target.
Daily:
- Ichimoku setup is again turning towards bullish from neutral. Price after testing 100 WMA and level of future Senkou B a few times, now is trying to cross back above Kijun Sen. Tenkan, Kijun and Senkou A started to point up again.
- We had mixed Heikin Ashi candles for the last 6 days and also haDelta/SMA3 was swinging around zero level, which together showed some undecision. Today candle is gree, with a long body and without lower wick, haDelta/SMA3 is clearly bullish above zero.
- As I wrote on Twitter earlier, we can expect some more acceleration if Price closes above 1,55.
4H:
- Bullish Kumo breakout. From now every dip is a buying opportunity until Price holds above the Kumo
- Since yesterday afternoon we have a clearly bullish Heikin Ashi setup. Pull backs are possible, but during each pull back to any supports we have to look for next possible bullish Heikin Ashi signals to enter or to add more long positions.
1,5190 has a very high impoertance as a strong support. If you check the Weekly chart, that is exactly the level of both Tenkan Sen and Kijun Sen now. This should be the ultimate stop for Long positions.
