Was going to stay out of this but price is showing all the right signs for a move up to atlest to 1.35500. 1% risk as usual and hopefully this can open the winning account for the week.
Hi traders, So GU has hit the support on the daily channel and reversed and is now on it's way back up. I will be entering as soon as price breaks out of that black trend line on the 4hr. If you need more confirmation then consider the fact that while on it's way down it made lower highs and lows and didn't break the purple support turned resistance lines but now...
This is the chart of gbpusd as you can see gbpusd just made 3 rd touch of lower side Reasons to enter in this trade 1. It's taking support 2. We are waiting for double bottom 3. It's have an good risk reward ratio 4. If you want safe entry then I recommend you to wait for breakout 5. If upper Trend line breaks then we will get confirmation and can enter in...
Upside down head and shoulder pattern... let’s see what happens. If you like my analysis please drop a thumbs up and also follow to see my future publications. Regards, Mike
Still holding same SL & TP SWING TRADE! so do expect the price to go up and down before tp hits Keep a hold of it Long term trade
GBPUSD - Long term trade going long Decent profit Use good risk managment! TP1- 1.37500 TP2- 1.38000 SL- 1.34000
I really don't have an explanation for this setup so I'm not gonna overcomplicate it. It's just a pretty setup lol and if DXY does fall then I think GU will for sure hit TP2 this week. Let me know what you think in the comments and please follow for more setups
As I said in my previous analysis, I expect GbpUsd to reach 1.4 Although the price has dropped hard on Friday, the bullish structure is still intact and at this moment Cable is close to the 1.36 important support. I will look to buy near this support with mentioned target GbpUsd under 1.35 would negate this bullish scenario
GBPUSD giving short term buy to liquidate BUYERS before we look forward to see a selloff later in the week.
Price has started rejecting the trendline on the 4h, the higher high expected to form at 1.42300 is invalidated. im now looking to take this down to 1.34180 (sl size is only for my account's risk allocation. the correct and safer placement is at 1.38000)
After a local high of around 1.3850, GbpUsd has started to correct with the price trading within a bull flag. At this moment the correction could be over and the pair can make a run to the important 1.4 zone The confirmation comes once the resistance of the pattern is broken
Hello Traders I draw an ABC guided by the momentum and using the 200 EMA like a Support. If you can see after traced a fibonacci retracement the price uses the 50% of the retracement like a support also. So we can expect with this data more buy orders from the long side. GBPUSD
The quantity of US retail commerce, which grew in July, has turned out to be a lot worse than the forecasts of economists. This issue prompted the pound to develop which then allowed the bulls to grab the initiative once more, however it's nonetheless very early to speak in regards to the resumption of the bull market. Firstly of the week, patrons of the pound...
i think i'm one of the few people right now not looking to short GBPUSD, and that's because not only did we reject a major support/resistance zone (1.34000) as well as the 200EMA on the Weekly timeframe, we're currently in a uptrend. I've learned through painful lessons that you should avoid taking positions that go in the opposite direction of the current trend....
GU has failed to close below monthly support If we take a look at the daily chart we can see that price has made a lower low, however all price did was retest the previous area of resistance I am displaying the monthly chart as its alot easier to see whats happened Also the daily candle has broken back into support so we should be looking for rejections and...
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Risk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. All trades closed on the same day. Mostly trade 12-5pm UK time NY session. Sometimes London Session. Don't like the idea of watching charts the whole day.