Welcome traders to another trading analysis on the GBPUSD pair.
We are looking at the 4h timeframe and we saw GBPSUD on a nice down trend the last weeks. Looking at price now, we can see that there is something forming like a bottom right now.
Price did already a nice divergence on the low and broke out of that structure.
Another confirmation is that price...
This one prediction may or may not take long to form at all. I decided to take this pair on a weekly outook to be sure of no noise on the smaller time frames. With everything going on with this Brexit deal I'm sure there will be some volatility in this pair. I would play it safe but setting a small trade on this pair. Once the pair breaks through the 1st...
LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF.
- This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%.
- CHF PPI dropping significantly to 0% with a forecast of 0.2%
- CHF retail sales dropped significantly this month, down to -0.7%
- SVME PMI down for CHF to 48.5...
GBPAUD has been struggling to break below the Support, With Large divergence forming on the H4 timeframe and structure being formed and respected I am bias to seeing a long impulse coming.
I see either of the two scenarios:
Price Breaks through zone and retest to start its bullish run
it respects the zone and pulls back to give second entry into the trade to Form...
I opened buy order on GBPUSD at 1.3204
SL - 1.3155
TP - 1.3380
RRR - 3.59
Reason - Price was breakout 4hour and 1hour angle level. SL 50 pips. And 178 pips to renew near high. If GBPUSD now has good volatility so it can be good order.
As discussed previously, the value of the American Dollar is expected to fall in the coming weeks and months. On the other hand, the notion of a "No Deal Brexit" supports the belief that the British Pound may be getting weaker. However, despite the political and economic turbulence that Great Britain may be facing due to the idea of a "No Deal Brexit," the...
I think the abcd pattern is already start to work. also we can see a double bottom (maybe we can call eve&adam) I will enter the position after the closing on the neck; and will try to get both double bottom and abcd targets.