If you found this idea helpful, please leave a like. GBPUSD is currently consolidating. Because of this, it can go both ways. I am waiting for the high impact news events for this week to give me more information. Neutral stance.
Possible GBP long, Demand zone is acting as support (not confirmed yet). we may see short term reversal If Cable hold this area.
OANDA:GBPUSD We anticipate a small pullback and move to the upward and perhaps break the previous highs. DISCLAIMER: This information is not financial advise
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.
Hi Traders, Cable has entered the week 20/07 with some noticeable strength and should not be ignored. Here we have a buy opportunity on the GBP/USD to potentially the 1.28 handle before I begin looking for signs of a reversal. This week the cable will be faced with some PMI and other economic data figures along with the ongoing Brexit negotiations. Reports...
Hello Sirs. 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.
Hi everyone! 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 is bullish on monthly and quarterly. Cable to tap into reversal region and close around 61.8% fib and reverse into -27.00%.
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...
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...
After seeing what looks like a skewed double bottom formation, with the first low late Friday evening and second low Monday morning. Expectations are a further rise. Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit. Trade with caution, this is not financial advice. Entry: Market SL: 1.25900 TP: 1.26732
From my education in forex, I have learnt from multiple people that Monday can be a manipulated day in the industry caused by, big hedge funds and banks. I always allow to have Saturday off, come to the charts on Sunday, and begin a week ahead analysis and today would have been a 'perfect' day to trade in, but I stuck by my rules and I'm now having to overcome...
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! Hi traders. 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...