Now in D1 tf of GBPUSD the market is in a corrective phase of ABCDE formation to complete wave 4, expect bullish continuation in a long term since wave 5 is not complete
After the DXY looking for the last pump towards the new ATH, that index booked its way for making the last cycle of anticipation. Today is the Canada federal election and normally when any country went out for election, their currency will went on bearish. Thus, this bearish impact to all current both currencies in EUR and GBP. Pumped up with the last...
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPUSD has formed a channel and is ready for an uptrend. This can take up to 24 hours, during which time we can have buy trades.
Long-term Sell Triple confirmation: 1. Level 1.37500 2. Trend line re-test 3. Zone Retest Enter short on: 1. A confirmation bearish candle as price fails 2. Break of counter-trend line (Once Formed) ADDITIONAL CONFIRMATION: Look for strength of the USD on the DXY Short-Term Buy Short-term counter trend trade possible off level 1.37000 (Buy) - Look for...
Similar to EurUsd, GbpUsd is also trading exactly in support. I believe that we will have a break to the downside and 1.35 can be sellers target Price above 1.39 negates this scenario
FX:GBPUSD Price returns to the inception of the bullish leg which BMS higher, we only expect to buy from this discounted price level.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
FX:GBPUSD Hi Friends, Am looking to short GBPUSD pair with multiple positions inside the yellow box area. SL @ 1.38296 TP @ 1.37500 RRR @ 1:2+ PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end result if adapted by anyone. Trade cautiously as there are chance that you will loss your investment.
But we have 2 resistances in this way ... So I am don't close the trades that I opened in 1.3800 until tomorrow AND it's possible that tomorrow it will reach the second resistance But will not reach the target (1.3600) !! Maybe!!
A retest of the channel line is a good opportunity to go long. Yellow box area is a good zone to pile trades but wsith a very tight SL RRR of 1:4+ Regards, PPPDirhams Disclaimer: PPPDirhams is not liable for any decision formed as a result of this idea. FX:GBPUSD
Friends, GBPUSD price tested 1.38500 resistance area twice in 12hours and broke out of the lower bounds of our equidistant channel. It will either find support @1.38229 area and rally up to 1.3900 or break 1.38229 support level for 1.38000. Am going for a long. FX:GBPUSD PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end result if...
FX:GBPUSD Buy GBP USD within the yellow boxed area. TP1 - 1.38500 TP2 - 1.39000
The price is trading below the moving average of 89 and the resistance range. The price is expected to fall to the range of 1.366
Since 20th August, GbpUsd was trading in an ascending channel However, 1.39 is very strong resistance, with the pair failing 3 times in this zone. I expect a break under trend line support and a break under 1.38 furthermore. Such a break would accelerate losses and expose 1.3730 support Only GbpUsd above 1.39 would change my bearish opinion.
Like I said previous that we have a break of structure for potential upside movement and that is exactly what has happen and still we are waiting for a pullback to complete before us skying again
Break of structure for potential upside movement , In general we have impulse move from the daily perspective and specifically after impulse move we expect a correction before another impulse move