The counter has completed a 5-wave bear cycle.
It is now poised to make a bullish corrective rally.
Hence, we expect the pair to be bullish in the near-term.
price has now retraced to previous resistance now support i have drawn a daily zone here to see how price reacts. wait for opportunity or price action signal to get in.
Hi all traders,
Morning!
Today i only identify one trade idea which is GU
For now this pair is in a range mode, you can take a trade following the trend line as shown.
If this pair stop at the top of the range OR break the trend line then the range is still intact.
Good luck!
Cheers!
Welcome to our weekly trade setup ( GBPUSD )!
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1 HOUR
Bullish open and pressure.
4 HOUR
Looks like we are going to follow midterm trend.
DAILY
Expecting another push to previous highs.
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FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.30630
SL @ 1.29920
TP @ 1.31620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a...
GBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact.
The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200.
The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060...
Bullish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal.
We have a red zone where price might range first.
After doing some more studying of this pair I can see that price is heading towards its weekly resistance level where it was rejected from previously
If we take notice of the 50MA price has bounced off it several times which indicates a strong bullish move to resistance
I also see bullish divergence on the daily which indicates price is in an uptrend
I will wait...
