Last week GBP got strenghtened enaugh to get the potential to see 1.33 band. Positive news affected GBP against USD and uncertainity at USD triggered it up to 1.30 Monthly Resistance band. On Friday before the market closes it finished up its retracement. Also we saw that it tried to break the trend 2 times till here. Retracement made chart to take its breath and...
Sell below 1.3006. Stop loss at 1.3053. Take profit at 1.2929. Reason for the trading strategy (technically): Price has bounce up and reached our profit target. We prepare to sell below 1.3006 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards at least 1.2929 support (Fibonacci retracement, Fibonacci...
Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea. Thus Revelation Trading has stuck to our belief by being consistent with our trade idea. Yet today on 24th July 2017 we initiate a cover on the GBPUSD. The GBPUSD is in an uptrend regardless of the current retracement....
as we can see, this channel reach new record high for this year at 1.3114, and still at channel up trend. But its almost reach channel up pattern resistance level. So the best option for this week are waiting for small retracement, and enter long at CSR (1.2976), with target at 1.3290 Use stoploss at second CSR bellow 1.2818, aim for 300 pip with 2 RR ratio will...
Notre préférence : position vendeuse en-dessous de 1,3060 avec des cibles à 1,3000 & 1,2950 en extension. Scénario alternatif : en dépassement de 1,3060, viser une poursuite de la hausse avec 1,3085 & 1,3115 en ligne de mire. Commentaire : le RSI est mitigé avec un biais baissier limité.
Sell below 1.3170. Stop loss at 1.3257. Take profit at 1.2820. Reason for the trading strategy (technically): Price is approaching major resistance at 1.3170 (Fibonacci extension, long term swing high resistance) and we expect to see a reaction off that level for a drop to at least 1.2820 support (Fibonacci retracement, horizontal overlap support). Stochastic...
As Always wait for some bullish price action at the resistance level to buy, and be carefull outhere ;)
GBPUSD is in an important short reversal zone but showed strength in the previous session. CPI announcement today could be the key to sterlings reversal. The past few sessions have not seen any sideways movement in price or slowing of the recent long trend. For long continuation technically price needs to hold above 1.3040 and then also show further strength...
Our preference: buying position above 1.3030 with targets at 1.3115 & 1.3150 in extension. Alternative scenario: in break of 1,3030, a continuation of the decline will be envisageable with 1,2980 & 1,2950 in line of sight. Comment: The RSI is losing its bearish momentum.
Buy above 1.2898. Stop loss at 1.2804. Take profit at 1.3029. Reason for the trading strategy (technically): Price has bounced off our buying area at 1.2810 perfectly previously. We remain bullish looking to buy above 1.2898 support (Fibonacci retracement, horizontal overlap support) looking to play a further rise up to 1.3029 resistance (Fibonacci extension,...
As we could see GBPUSD finally broke above the 4HR trend than now we are seeing the pullback, so we wait patiently for price to come back to retouch the broken 15M trend. Just set it and forget it, now we wait. Thanks www.blueprintforex.com
Idea: GBPUSD 0.04% has shown weakness off the 4hr RSI over bought . There is continued weakness off the Daily and Weekly time frames. A long retest on 1.30267 is likely before a stronger downward move. Trade Management: A price break down through 1.2820 in the next session will eliminate the move long and signal stronger than expected downward pressure. A break...
After the impetus started on June 21, it seems to have come to an end on the 30th, forming a corrective stage. Apparently this correction came to a support where it shows us confluence, then we have a horizontal level in the 1,286 that does not serve as support, also the price seems to have reached the fibonacci 38.2% of the previous impulse, and we have...
High probability short term trade on GBPUSD for 100+ pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Our preference: short position below 1,2895 with targets at 1,2855 & 1,2825 in extension. Alternative scenario: in excess of 1,2895, aim for a continuation of the rise with 1,2920 & 1,2945 in line of sight. Comment: the immediate trend is declining and is showing a strong dynamic.
Our preference: position below 1,2950 with targets at 1,2860 & 1,2830 in extension. Alternative scenario: in excess of 1,2950, aim for a continuation of the rise with 1,2990 & 1,3030 in line of sight. Comment: as long as 1,2950 is resistance, trading range with a bearish bias