After a long time of back and forth movement, I would like to think this pair is ready to cover some downside. If you pay attention you will see that the strong resistance has been purged a number of times suggesting banks have enough liquidity to create a strong move.
Waiting for price to hit this area so we can continue the move long
The last uptrend has ended in the 1.3746 range and the price has started a downtrend, the convergence in the RSI is obvious, by crossing the price from the range of 1.3446 we can get the main confirmation for the decline up to the range of 1.3132. Needless to say, we must note that according to the descending scenario, in the weekly time frame the price reduction...
GBPUSD have been struggling breaking and holding above 1.37 mark, seeing momentum getting stronger across higher time frames and market is testing the level 4th time now, seeing scope for a breakout and possible intra-day move to 1.3780. All the best.
GBPUSD London Daybreak Trade Idea gbpusd Buy Stop Entry- 1.36801 S/L- 1.36593 T/P- 1.37301 Sell Stop Entry- 1.36543 S/L- 1.36751 T/P- 1.36043
GBPUSD London Daybreak Trade Idea Buy Stop : 1.36173 S/L : 1.35901 T/P : 1.36673 Sell Stop : 1.35851 S/L : 1.36123 T/P : 1.35351
There is the probability that the last wave from the uptrend is under completion, which could continue up to the target of 1.3800. However, to get the main confirmation for the completion of the Diagonal pattern, the price should cross the end of wave IV (The range of 1.3446).
Price rejecting strong demand zone caught this buy setup with a sniper entry
As we can see GBPUSD come back after the double top near its resistence and now break its close support and comming down near its trenline since 21-12-2020.
We've a nice order block right at current price level. DXY is sitting at neckline for inverse H&S pattern. There's a nice chance that we'll see a bounce in GU and dump in DXY. Game is on!
I believe the overall bias is bullish, if we look at the levels highlighted this pair doesn't take a significant drop until it reaches the 1.42 level.. I do believe we will see a correction as of next week before it shoots up
Hey traders, here is the analysis for the GBPUSD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Not 100% but I'm pretty sure we're going up before we come tumbling down
GBPUSD London Daybreak Trade Idea Buy Stop : 1.36852 S/L : 1.36518 T/P : 1.37352 Sell Stop : 1.36468 S/L : 1.36802 T/P : 1.35968
GBPUSD ********* ⏳1 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Negative USD-Positive brexit talks will boost this pair upwards 2️⃣ GBPUSD Has break the downward channel 3️⃣ 1.37000 acting as strong resistance level 4️⃣ 1.37000 Major upper side resistance Key reversal area 5️⃣ 1.36100...
The completion of the Diagonal pattern in the range of 1.3701, and the advent of uptrend There is a scenario that the Diagonal pattern has been ended, and the downtrend has begun. To confirm this analysis, the price needs 5 descending waves and a break above the level of 1.3446,.
GBPUSD London Daybreak Trade Idea gbpusd Buy Stop : 1.36941 S/L : 1.36620 T/P : 1.37441 Sell Stop : 1.36570 S/L : 1.36891 T/P : 1.36070