GBPUSD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Channel resiatnce-H4-Megaphone structure 2️⃣ November high & September high acting as strong resistance 3️⃣ 1.35000 acted as strong resistance 4️⃣ 1.34000 will act as key psychological resistance 5️⃣ Price below .78.6...
Two days ago I said that I expect a new leg down for GbpUsd and is still my belief. Yesterday we had a new attempt to conquer 1.35 faced with a strong selling force Now the cable is just above 1.33 important support and a break here would expose 1.31
After reaching and spiking above 1.35 resistance, GbpUsd dropped hard yesterday with an intraday low at 1.3220. The pair managed to recover most of the losses and finished the day at 1.3374. A new leg down could be in cards for Gbp and this would compleat the correction under 1.32 zone. I'm bearish on short term as long as the price is under 1.3450 zone
This is good for at least 500 pips. ... and the Weekly;
GBPUSD Gonna short! GBPUSD Reversal Rising Wages Pattern with Strong Bearish Divergence with Double top rejection.
As we consider a short trade , GBPUSD has a good opportunity for sell. As I mentioned before , USD index as about to start ascending. we should analyze related currencies to USD.
Triple Top Strong Rejection Zone 1.35 has been previously breached last Dec (Brexit). We might dip back till 1.32-1.30 Else 1.4-1.45 upcoming. Brexit is still under Play so analysis might not work properly. GU should break above this TL For LONG. However there are strong Rejections which eventually hold it back.
GU should break above this TL For LONG. However there are strong Rejections which eventually hold it back. Triple Top Strong Rejection Zone 1.35 has been previously breached last Dec (Brexit). We might dip back till 1.32-1.30 Else 1.4-1.45 upcoming.
Our LONG setup (GBP/USD of November 23rd) has developed very nicely. The reaction low (November 27th) was hit exactly on target. Our deposited movement high (December 04) is just being dealt with. The price target of USD 1,34386 was exceeded by far and is currently at the resistance level that has existed since December 2019. We recommend profit taking and a...
I've been bullish GbpUsd since it broke above 1.3 and I said that it can rise towards 1.35 Now the pair is trading at 1.34 or so and we may wonder if it will turn or break above? Looking at price action in the past days Gbp seems very well bid and I believe a break up would occur for this pair. Also looking at DXY weakness and the fact that FTSE can break...
#GBPUSD SELL ENTRY = NOW at 1.33600 SL = -100 PIPS 1.34600 TP = +250 PIPS 1.31000
( Weekly Chart ) At the end of November, we returned to the weekly chart to see the general trend. By drawing the trend line, it became clear that the downtrend line has been broken, in this case, we should not think about the downtrend at all! Also, the structure of the ending-trend waves is in a 3 -wave format, which represents the Diagonal pattern, and due to...
Lack of resistance if, after breaking through the level, there are a number of points to the nearest possible resistance, it is common for the price to reach the resistance level. You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends,...
Here in GBPUSD, we've one more bullish move left to complete its bullish pattern. For it i'm mentioning the support level from where it can go on fly or making a bin bar at bottom first & then fly... All the levels are completely mentioned with its support & resistance area. I HOPE YOU ALL GET A GOOD IDEA FROM THAT ANALYSIS. Friends, push the like button,...
Good sell opportunity with very good RR on GBPUSD * BE BREXIT NEWS AWARE
SL @ 1.33850 Sell Limit @ 1.33400 Sell Stop @ 1.32900 TP @ 1.27000