and we will take that guys! Well done to all those holding longs, not been a simple ride given the panic leg we have been experiencing. Risk to my thesis is a very noisy week on the UK front, lets keep the conversation open here for all those trading this pair and discuss the macro side as well as TA.. it's very difficult to have conversations in the chat now...
Hey Traders, I have analyzing this structure for 3 months almost, since mid-October. We clearly have an ABC structure going on after a sharp impulse, the C wave is going on. It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels. Make...
Looking to Short GBPUSD as D1 SND & Resistance Found
The GBPUSD has broken the confluence of resistance at 1.2410/20 on an intraday basis. We discussed this area over the weekend as one that could give way to higher prices if broken. I also mentioned last week’s bullish engulfing candle, which is the reason I ignored yesterday’s bearish rejection from the 1.2410 handle. It’s a good thing I did as the trade would...
Last week saw the GBPUSD gain nearly 300 pips from Tuesday’s low at 1.2108. However, the pair finished Friday’s session just below key resistance in the 1.2400 region. This area has acted as a pivot since November 22nd and will likely attract sellers in the coming week. With that said, buyers managed to carve out a weekly bullish engulfing candle. This alone...
5th wave could go right to the 1.27 I believe that 5th wave is usually weaker at the end of the trend so TP1 is at 1, then move stops to 618 and TP2 at 1.27
Possible projection. New highs could happen. Last successful idea.
We take long position at 1.2350 and book profits at 1.2500
Morning guys... ahead of Hammond on the mic this Wednesday with the UK budget this is a great spot for buyers to come in. This is a very attractive level to get long, there is nothing from the fed this week so despite the huge repricing we saw over the past week with the probability of a hike edging on 80% we still saw the dollar close last week to the...
Im more leaning on to the upside, but I need to first see the price break up to the upside. Just be patient and wait for a close above 1.21817 than I will check if a setup us available to trade long. Join my telegram to follow when my trades are executed @blueprintfx
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Very strong GBPUSD Buy Signal TP1: 1.21900 TP2: 1.22193
Buy above 1.2415. Stop loss at 1.2250. Take profit at 1.2850. Reason for the trading strategy: We turn bullish above 1.2210 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to 1.2400 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 7.9% level...
I hold a point:Good charts does not more words to explain! Good luck!
GBPUSD Possible Price Projection