Hello Traders, GBPUSD is about to start its upside but its not long term trading ! It's only for a few weeks. Its going to have a lower low after its finished the pattern that is forming now. Beautiful pattern if its going to work, don't miss out on it. See my previous chart about GBP and see my prediction on it ! Trade Safe Trade Simple Alex
Buy order triggered on 1.2989. which is basically in confluence with the fib level 0.782. Price failed to break below demand zone 1.2994 - 1.2952 where price has rejected previously and pushed price to the upside. Price action managed to sweep the last swing high at 1.3097 before declining. This is an indication that market structure for bearish momentum has...
We are currently in an uptrend and ready to bounce off support. Wait for entry reason to enter into this long.
Anticipating upwards movement on cable. Higher time frames from the weekly to the 4HR confirm a high probability of upwards movement. This will be a swing trade, traded at 1% risk. The stop is fairly wide as i will be trading this conservatively, if you wish to trade more aggressively you can adjust stop below the swing low on the lower time frames 1HR, M15 ect.
I believe that GBPUSD will complete the 5th bearish impulsive wave and we can start looking for a reversal pattern at the marked zones/prices. Good luck! Fibz
If we break above the H1 Trend then we can look for longs. Price hasnt closed below the previous swing but has wicked below trapping short positions.
Reading up all the last day fed reports expectations of future cuts in 2019 aren't much and not so dovish dot plot/statement from Fed Chair Powell is holding the cable from rising further today. Fed had a dovish cut but talking about the future outlook it sounded not so dovish (no further major rate cut may arise and depending on economic data changes and how...
Coming into a new trading week i'm looking at buying Foreign Currency and GBP/USD looks like the pair which will have the bigger move going off what EUR/GBP is showing, couple that with the USDX looking weak. Be careful on Wednesday and Thursday we have high impact news for the Dollar and GBP/USD which we will see a lot of manipulation in the market place.
This is my short order. The long order is already in. Go long if it breaks higher, short if it breaks lower. Date Pair Direction Trade Trend Level Signal Entry 2019-09-09 GBPUSD Short With trend Down Static Inside Bar break
Date Pair Direction Trade Trend Level Signal Entry 2019-09-03 GBPUSD Long Counter Trend Down Horizontal Support Pin Bar retrace
Conclusion for today’s GBPUSD technical analysis: Price closing above ~1.24714 implies higher prices in GBPUSD. GBPUSD (cable) technical analysis for today is presented on an intraday (6 hour) timeframe that covers over 19 months of price action. The major downtrend during this period is captured using a bearish price channel (tentative), along with the 50 and...
The cable is in a long trend. Buy @ 4 and TP @ 5.
FX:GBPUSD
Simple really, looking for a bounce from the trend line to correct the price. Pair is bearish but could snap up couple(100) pips before it drops again. Cheers.
Price of #GBPUSD is overall bearishh however we have a intraday bearish break to the upside with minor S&R on the smaller time frame. With a risk to reward of 2:1 and target at 25637 I'm anticipating for price to rally up 29pips.
FX:GBPUSD GU looks good here for potential long