GBPUSD is approaching our first support at 1.2945 (horizontal swing low support, 50% Fibonacci, retracement, 161.8%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3006 (horizontal swing high resistance, 23.6% Fibonacci retracement).
Stochastic (21,5,3) is also approaching our support...
we been following this for a while and its been going really well.
expecting a quick reversal to TP1. dont miss it
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
As you can see in the graph above last week we did first out of the bearish channel ( A POINT ) And last Friday we managed to cross the moving average 200( B POINT ) Another important milestone for the GBP, And we added Fibonacci as a tool to help us know where we were going!
Buy GBP/USD
Entry Price: 1.3190
Stop Loss: 1.3050
Take profit: 1.3390
GBP
UK's Brexit Plan B is about to discuss today, it will affect GBP trend directly.
GBPUSD prohibit strong support recent days, so Brexit could give more optimistic signal for pound?
In my opinion, I got confidence on pound's forward trend.
There are two scenario I manipulate on GBPUSD trend today.
First:
If GBPUSD still above 1.3137 before 12:00, then buy...
GBPUSD is approaching our first support at 1.3040 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3218 (horizontal swing high resistance).
Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in...
GBP/USD LONG @ 1.28632. Missed the better entry signal at 1.28030 my system printed on 01/09 so my R:R is not-so-hot at 0.7. This one could take some time to reach T1 and I'm expecting a bunch of mood swings, per usual for Cable Pairs.
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Period A show us how the GBP was inside support and resistance until it broke the resistance and then we move to period [b ]B that show us How the recent resistance has become the new support so our recommend staying in Buy position as long as we are over the support
Buy GBPUSD
Entry Price: 1.2905
Stop loss: 1.2800
Take Profit: 1.3090
GBPUSD is approaching our first resistance at 1.3081 (horizontal swing high resistance, 76.4% Fibonacci retracement, descending channel’s resistance) where a strong drop might occur below this level pushing price down to our major support at 1.2930 (100% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we...
Looking for an end to the parabola with either a break or extension to 133 area. A break would give a good short signal to downside with 250 pips downside.
GBPUSD is approaching our first support at 1.2832 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3003 (78.6% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price...
