another nice set up is GU long, GU need time because price can correct on lower time frame and go lower! give it some time. but enter the market on the LONG only with the first BULLISH IMPULSE again! trade safe.
We have seen a persistent weakness in GBPUSD for the last 2 months due to Brexit related jitters. I believe markets have priced in a NO DEAL scenario for Brexit which is why GBPUSD is now consolidating at the demand zone.
That being said, any kind of positive development in UK politics will surely push the Pound higher versus its counterparts.
GBPUSD is now at a...
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GBPUSD FOREX BREAKDOWN 06 MAR 2019
Strong bearish pullback of over 50% in a bullish trend
Small pullback and good long entrys now!
Overall bullish trend with a pullback, expecting market to rise a lot.
ENTRY @ 1.31430
SL @ 1.30350 (110 Pips)
TP @ 1.33070 (160 Pips)
RR: 1.50, use half...
FREE ANALYSIS ON #GBPUSD
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Price currently ranging withing the MA's. Tested Trend line and going back down. Waiting for price to break previous top for buy confirmation.
GBP/USD Long Idea (7/2/19) 4HR Chart
- Have an Inverse head and shoulders forming on the daily time frame.
-Price has retraced down to the 78.6% fib level.
-1HR candle just engulfed previous price.
-Target at 1.826 at my first fib extension and 4HR OB
Every currency against the dollar is given a new review after the latest news (the Fed yesterday).
After we reach target 1.2510, we change our sell signal to buy signals because we are close to support as seen in the above chart, the target may be as soon as the Pound approaches resistance, we recommend target at 1.2915 just before moving average 200.
GBPUSD price is at support zone , i think its a good entry for long position. If the price can't break this support and bounce from here, we can see double bottom on the daily chart . I open long for this pair at current market price, and I set my first take profit to 1.275.
Reposted! as this idea was hidden by one of the tradingview moderators due to violation of tradingview guidelines (using all 'Capitals' in description) by us which we deeply regret
Analysis team bought GBPUSD at 1.26950, with the target 1.3000 Long Term
We have seen this pair show some great bearish momentum. We can see price reached some support and moved bullish creating what we refer to in classical technical terms as an inverse head and shoulders pattern. Price pulled back 50% where i have plotted the grey line and from here we may see a continuation of the bullish move.
Grey line - entry
Red line - stop...