I took profit @ 1.2161 this AM and will re-BUY lower, likely around 1.2065-1.2085 when seen. I will update on that. The pattern seems basing a bit, and hammer bottom etc. and low into BB shos potential for recovery back to 1.2287 short-term.
Right now I will start my LONG position. Reaching this far down @ 1.2000 is overdone I feel. The charts were already overdone since 1.2150-1.2200 handle, but now I feel I can take position whilst have short USDJPY still Reasonable leverage and take profit @ 1.2378 for now as its short-term position.
Now its time for the USD to cool down for a bit, meanwhile other pairs will grow in and I am expecting GPBUSD to at least give 100 pips profit by going LONG
Hi Traders, I trust everyone had a successful week of trading. Many of my setups have played out to the T. I am looking GBPUSD today, Price has broken out of a very strong support area and pushed straight down during CPI release on Friday. It has now found support at 1.230. Because this move fell so hard I would like to see the market correcting on Monday or...
A significant breakout of the bearish trendline on the 1 Hour time frame appears to be a major signal that the bulls are taking charge hence the reason I am looking forward to a bullish momentum going into the New-York session. So, to make preparation for entry easier, I have identified a key level at $1.25300 that will be a guide to taking advantage of the...
Here is my view for GBPUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
FX:GBPUSD GBPUSD Time Frame Daily Analysis For Long Setup
Here is my view for GBPUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Short-term am not clear on the movement right now. The weekly chart suggest bottoming and we should be buying between 1.2360-1.2400 and take profit let's say 1.2687. This is close to the middle level of the downward sloping channel.
We are oversold still and now correction up is starting to develop further. My current average LONG @ 1.22285 and will not add unless we are trading at 1.2275. The profit order right now @ 1.2537. For new positions BUY @ 1.2250-1.2275 and the rest is same.
Market Price Action Structure is Key! Technically, In weekly RSI; Its Over Sold; In Daily & 4H its strong bullish divergence! 1. Monetary Policy At their May meeting, the BoE delivered on expectations by raising the bank rate by 25bsp to 1.0%. There was an initial hawkish surprise as the vote split was 9-0 (no dissent from Cunliffe) and 3 of the 9 MPC members...
I am already long 1.2207 and just added 1.2250 again. I feel we are strongly oversold, and my target is currently 1.2578 for now.
I switched from JPY to GBPUSD a little, and bought @ 1.2207. I will add again if we reach 1.2225 to the position. Profit objective 1.2657 for now.
No change in view. We had some sharp move higher from 1.2230 to 1.2400 and then back down again. It seems settling a bit, and the oversold state is still extreme. Strategy is BUY @ 1.2300-1.2340 range, and add 1.2210-1.2230. The profit objective is 1.2817 for now.
No change in view. Market is severe one way or another. That is why keep the focus on big picture, and judge it based on what we can analyze. For now we are very oversold, and the stochastic and moon phase suggest we should be LONG. Strategy BUY @ 1.2200-1.2275 area (and we may have already @ 1.2330 in fact etc). Profit order somewhere 1.2687.
The market also has overextended itself on GBPUSD and it is expected to see good pullback. This is not change of trend, but a correction required to reduce the pressure a bit. For now no change in view, and would be BUYING current 1.2280 and adding below 1.2220. those that went long earlier, carefully add 1.2280 etc. The take profit is suggested @ 1.2637 for...
No change in view. I suspect medium-term pull-back towards 1.2887. We are very over extended and yes, market is feeling USD BULL, but one should consider what positions are. For now we BUY 1.2330-1.2380 (if adding or new) and take profit @ 1.2667 and re-buy when going lower somewhere 1.2457.