Price broke the down channel that was working as a correction os exaustion of the bullish push. Came to the retest and between the fibo levels of 38 and 50% left us a strong engulfing candle. I`m goin long as soon the price breaks the higher high of the engulfing candle.
OANDA:GBPUSD BUY LIMIT 1.2970-1.2950 SL-1.29 TP-OPEN I WILL WRITE WHEN YOU CAN TAKE PROFIT
The Overall trend is down but the minor trend is upward. This is just my analysis. If there is any change or new idea. do share with me. :)
GBP/USD has broken under the 50 EMA on the 8H chart and is currently in a strong bearish momentum as the 1H chart confirms weakness. We can expect GBP/USD to fall further below eventually. Give it 1-2 more hours for the confirmation of the move. Trade safe.
I see GBP/USD pair bullish on 1hr & 4h chart (bullish divergence at macd histogram,rsi etc.) Also there is a bullish perfect gartley pattern on 4h chart. Profit Targets: 1.30710 1.31400 Please note that I expect a drop from 1.31400 because daily chart is a bit bearish also there is a strong inclined resistance. Stop loss: 1.296 Have a nice week, Berk.
The price broke down Mirror level 1.3057, i think it's a signal for future price decreasing. Also, most of the currencies against US dollar is decreasing. That's why I think British pound can move down to 1.2897 or 1.2805 on next week. I will look for a Short entry near 1.3057 with low risk. Potential profit in that place in 5 times bigger. (That's what i love)...
GBPUSD make LL on CCI keep watch the zone if break down then enter the trade
GBPUSD expecting that drop to around 0.5 of the Fibonacci retracement. please like, follow and comment
The price broke down Upward Channel. It's a signal for the next price decreasing. I think about a Short entry near key level 1.3100. At this moment. I will open a Short if the price will make fake broke of 1.3100 and H1 close under that level. Currency rate can move to 1.2900 or 1.2800 in that situation. Everything will change if currency rate break up 1.3100 H1...
British pound (GBP/USD) broke down Upward Channel. Its a signal for the next price decreasing. At this moment i see 2 scenarios: 1. Bearish scenario I will open a short if the price will make a fake broke of key level 1.3100 and H1 close under it. potential profit will be 6 times bigger than a risk. 2. Bullish scenario. Long I will open if currency rate...
GBP/USD 0.13% at an important level that was the last month's and week's high point. Currently, it looks bullish but it could be a fakeout, let's wait and see what's the next move on Thursday. Also, keep an eye on US Dollar Index -0.15% @DXY. Don't just follow this, you may see some other confluence as well, most of the technicals are saying that it's gonna...
Scope for a more upside in this market to at least test the 38.2% Fib level, price action above the key MA and momentum still lined up, i am attempting for long plays to see if it makes money for me. Trade Safe!
GBPUSD break the trend keep watch confirm first then enter the trade
Hi guys ! This is my opinion on this GBP/USD chart. The RSI and the MACD look good and the resistance could be broken soon. The trend line and the lagging span are still above the Ichimoku Cloud, so i think is a good time to open an order now and try to reach at least the first target. Then we'll see for the second target or not. Thanks for your time. Anthony
I'm expecting GU to retrace to the 50fibs on the daily as price came back above that previous support
GBPUSD Bearish Gartley Pattern Entry zone is : 1.3146 1.3148 Watch for price action when price enter the zone Find some bearish singal before you trade. SL should be Above the X point