Good Day Everyone
Here's my idea on the GBPUSD pair from multiple time-frames
* starting of with the monthly we see the pair is respecting the BAT/HARMONIC pattern we saw a rally of the bull pushed through the 61.8% Fibonacci level with a strong bullish candle looks like the pair was correcting this move upon close this past week but we are at the beginning of...
Was looking for continuation for new highs above 1.34 this week. Instead the chart pattern "Bullish Rectangle" was formed on the 4H. Looking for daily continuation for new highs this week.
Rally Base Rally
This analysis for GBPUSD on time frame 4 Hours.
We wait retracemment till entry point than we can entry "BUY"
YELLOW - ENTRY
GREEN - TAKE PROFIT
RED - STOP LOSS
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Hello traders, here is the analysis for GBPUSD. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPUSD reached very close to the 1.32 level but pulled back very sharply during the NY trading session on Friday.
Looking at the daily chart, GBPUSD's rally looks overstretched at the moment. So, it's likely that we can see a deep pullback in GBPUSD over the next few days.
However, we need some more confirmation before selling this. Price is still above the...
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
GBP/USD has been ranging for past couple of days, as typical this trading season. However, we believe price will move higher from this point.
Let us know what you think about this...
GBPUSD - Struggling at a breakout level
Above 1.31340 can jump till 1.31600-1.31800
Below 1.31100 it can drag down to 1.30800
Day trade levels - Trade accordingly- All the best
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GBPUSD bounced off 1.30549 where it could potentially rise further to 1.31652.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
End of the month profit taking led to a small pullback in GBPUSD on Friday. However, the bullish trend is strong and I expect a growth to the 1.32 key level very soon.
A reversal candlestick pattern has also formed in the four hour chart. So, buying the pullback and targeting 1.32 is my preferred approach.
GBPUSD find support , to start long bearish trend double top DT is required, we expect a double top in next few days.
We are long for now because we have HH and HL on H4 and health is good with good momentum. When we reach on DT we will see what price will do.