Hello traders, this is my analysis for a long setup on cable.
I'm expecting a strong bullish move from GBPUSD this week to continue with the higher time frame direction.
Ideally I'd like to enter at the weekly closing price but if not I'll place an order @ 1.3078
R/R - 5.79
Any questions please comment below and follow for more trading ideas.
due to Purely technicals It seems like Usd/Cad might be bullish on the Weekly.
We have an inverse H&S. with the neckline been broken on heavy volume. currently testing the neck again for a double bottom. Great R/R position available.
im on a 1/5. feedback is more than welcome. atleast say hi.
GBPUSD been showing bullish sentiment last week, with retest of the 200 EMA & certain Trend Lines (1H, 4H and Daily) giving further buy entry opportunities.
I am looking on going long on gbpusd for a short term, taking in notice the upcoming events from the economic calendar.
Entry would be in this case on the retest of 1H/4H trend lines & S/R...
GU showed powerful signs of reversal at 1.22560 area. Double Bottom with higher low (78.55% success rate) followed by a huge bullish move confirmed a trend reversal. Then, waiting for An ABC higher high and higher low to further confirm a start of an uptrend. Now looking for buys on a break and retest with fibonnaci confluence and EMA confluence as well. Top down...
Lately, the market has been somewhat bearish on the Sterling but we are approaching some very interesting levels across all GBP pairs.
Looking at Cable - the technicals are suggesting that we may see a shift in momentum following from this latest bearish leg. Depending on your style/strategy, there would be multiple ways on how to enter this...
On the Cable we have it where the pair completed a Alternate Bat pattern but not before it tested the Patterns Harmonic Optimal Price. The price gapped down and slid ever since. This is the First time in a few days where there was a bullish day and i do believe there will be more. both sides are stepping closer to the Zero Line and we might see a switch in the...
Price is looking to re-test the support line at 38.2% FIBO and then on its way up towards 1.26000
I have a pending order at 1.22939 waiting for this confirmation.
Let's see how it rolls, GBPUSD just broke through a descending channel from weeks ago and now it's aiming to re-test the resistance at 1.26000.
Looks like it's going to be a long journey
#GBPUSD 4H | #Swing trade
The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks.
Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the...
Note: DO NOT FOLLOW THIS TRADE BLINDLY!
Retest of the blue zone to ride it up. Could look to swing this into next week if the economy begins bouncing back up.
Fundamentals wise, the UK economy is opening up so Sterling should strengthen against other currencies.
Seen a two day cable sell off, approaching a possible reversal.
Awaiting a possible...
Hello Dear Traders, i hope you are fine, after analysing the cable in daily timeframe, i see the end of correcton, in the red arrow you see a week signal of sellers that means the buyes in controller that's why we should wait till the green arrow and this we can take a buy postion with take profit in 127% and 141% fibonacci extention.
GBPUSD has broken 1.24700 and sits around 1.25000 on an important resistance level . The 4-hour chart shows a bullish triangle breakout.
The levels we must keep in mind are the following: 1.22700, 1.24700 - 1.25490, 1.25988
What do we have here?
✔️ Bullish Triangle Breakout
✔️ Breakout on Multiple Timeframes
✔️ GBPUSD- Broke Resistance