Hello guys, Currency Pair: GBP/USD Time Frame: 4hr Predicted Direction: Long This one looks really nice to me. RSI is going to oversold zone, price touching uptrend line (weekly) and fundamentals are not bad for GBP. IMF meeting is going on so be careful. Both the comments and statement can create market volatility. Have a nice trade. Herac -if u like it,...
Keep it simple, basic text book HH - HL formation. You may enter whenever ready, we are waiting for some bullish momentum! www.dynastyfxtrading.com
We last posted on the GBPUSD on April 13th when price was approaching a key pivot resistance from January of this year. Looking at the daily chart, price is now at that resistance level and we can see the expected struggle between the bulls and the bears. It is at these levels where many will try and pick the top a trend and hope for a reversal. As price is...
The pair has been relatively bullish until this year where can see it's been having trouble pushing through major resistance @ 1.4260. Even though last week was pretty bullish for the pair, it looks like it might be starting to lose steam and even rejection from the last day to break resistance. This would be a counter-trend trade which is usually riskier....
We last posted on the GBPUSD on March 21st when price was showing signs of strength but still trading within the marked area of consolidation. Since that post, price moved further up, came back to retest the 1.4000 round number support level and bounced back to the upside. Price has used this support levels to spring board back towards the high of January of...
TRADE with RISK MANAGEMENT!!! I am an individual trader, based on personal analysis. Welcome to share your ideas and let's improve it! Looking for accountability partner in the trading journey and grow as professional trader.
Hello guys, This one looks like completed shark harmonic pattern, we will see drop. TA is for SHORT but I would wait for tomorrow´s Manufacturing Production m/m report (GBP -10:30 Berlin time) and in the afternoon there are some important reports from US so be careful. If you want to short it now put your SL at 1,42296 and TP at MAJOR supp level 1,40000....
Although forecast is for PMI to be 54.8, we could see a slight surprise and GBPUSD rising towards previous intermediate highs
Yesterday we see the USD weaken across the major currency pairs, with the move reversing today. Biggest reversal so far is in the GBPUSD, dropping 120pips so far. Looking for this to continue
Aggressive - Short opportunity on short-term, until price bounces on support. Conservative - Long possibility when price bounces on short-term support or long-term uptrend channel.
FX:GBPUSD My weekend analysis. What do you guys think about this?
DXY struggling to bounce strongly off 90. Might see some weakening of the USD, but traders should be careful and consider possibility of this as a technical and reactionary move. This retracement of the DXY coincides with the S&P 500 bouncing off the 2,700 level. I’ll be looking for trade setups which highlights continual USD strength. For example, the...
Double TOP confirmed on GBPUSD with a good crossover on MACD in 1 DAy timeframe. Follow at your own risk.
GBPUSD is meeting a 15yr support line. If can break through the resistance we will see significant growth with quite a few positions. First position is entered at the orange (1.40000) and exited at next known resistance at the red line (1.46000). Exit, reassess, reenter.
GBPUSD finally broke out of the counter trend trendline and moved significantly to the upside. Looking at the weekly chart the trend is to the upside and will look to follow that. Next resistance level is 1.3600 where we may see some short term weakness before seeing the next leg higher. A break of that resistance will be key to further upside.
Hey guys Here is a potential entry on gbpusd Final wave of a huge triangle pattern on H4 . Accumulation of : - Breakout & retest - Standard deviation - Fib 38.2 & resistance zone confluence There is 3 target on the chart Follow me if you want more :) Good luck !