Hello Friends as i can this pair had done our all TP which we had mention in our previous analysis
now we expect more drop on this pair and when it will enter in our buying zone area we will start buying from that Zone
with a very low risk and looking for higher rewards Friends if u like our idea Push like and Comments
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I had a great week on trading gu last week. I Made 12% on Monday! GU is shaping up quiet nicely for this weeks PA trading. There are couple factors to take into account. There is a head and shoulders formation formed. I will wait for PA to develop on the lower timeframes and My points of interest to get hit or filled before looking to enter. I will expect 1.37700...
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
Point of Risk-Reduction: 1,40000
Stop-Loss: 73 pips
Risk: 0,5% - 1%
GBP/USD Multi-Timeframe analysis (Update)
H1 CHART (BULLISH)
A very high probability, entry signal to go LONG was given at 1.40910 after the market found support at 1.40514 . Only the downward break of 1.40514 would cancel the bullish scenario.
Support & Resistances
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an overextended "W" Formation and we retested the neckline and aggressively rejected it.
Weekly : We do have a rising Wedge and we just broke above the upper trendline and retested it and we are ready to continue to the upside.
Daily : We have...
Professionals increased 9% long gbp by last four weeks, commercials increased 3% shorts as well. Due to strength in usd dollar gbp/usd in correction mode trend is still bullish. 1.3740-20 first demand zone, 1.3680 second demand zone if first support fails, split risk for long positions by mentions levels. 1.3950 & 1.4000 targets.
Here some overview for GBPUSD pair. Please note, this reference is for educational purpose only. You might follow or just for the idea. FYI, i will open my position based on my own R:R and smaller Time-frame setup. This is normally i use for reference. As my idea is, i already know what the Big Boys would like to do coming next 6 months. My jobs is to...
As we can see gbpusd bullish and making new pattern
ascending broadening wedge as well
he might respect this pattern until we got the confirmation
iil be waiting for flag on 15m or breakout and retest the small pattern on timeframe 15m
gbpusd can be bullish if he break the previous high or resistance
comment your perspective below !
GBPUSD surely is on a clear uptrend recently. If you follow all my recent forecast, you will know that i’m waiting for a short opportunity in this pair. However, in the end, the market just decide what it want to do. I rarely get an entry trigger confirmation and the price keep moving to the upside.
Above all of that, I stil havent changed my long term view. As...
For GBP/USD we are currently sitting on a very strong support level and we do expect the price to reject it and continue it's move to the upside and reach the 1.40 Price. We have a Daily ascending channel and we will target the upper trendline for our long position and then we can look for other opportunities afterward. For the time being from a COT data...
the pair is in a rising wedge and can make a good decision about the side to move
as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it
but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a...
Good Day Traders !! On this specific pair we are approaching a strong level of resistance and we rejected that level a few times in the past and we may see a new rejection shortly. We might see GBP grab some liquidity in the demand area before continuing it's move to the upside and then get enough strength and momentum to be able to break this historical zone....