Good risk/reward long trade for gbpusd. If it falls under the purple area, I think it will go into a sell trade about 50 pips minimum.
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As stated in my last TA of GU this pair needed to stay above key level 1.275 other wise we could see this pair fall to as low as 1.250
That is what we currently are seeing, i feel 1.26 is coming soon and maybe 1.25 shortly after.
That being said I still feel this pair has the potential to push up to 1.3 some where in the near future.
Here we have GBP/USD. The pound currently is above the key level of 1.2750, if we can remain above 1.2750 then I believe we can push all the way up to 1.3, Which would be a huge push so it wouldn't be the best "short term" target but definitely a good "medium term" Target. If we fail to break above 1.275 then We could fall to 1.25 but I am personally leaning more...
The Tidal Shift Strategy has just bought GBPUSD at 1.27309. The system recommends entering this trade at any price between 1.27063 and 1.27556. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.21486, which suggests that the GBPUSD could be trending upwards.The 14-period...
The Trend might be downward on this pair since a few months, but I will be looking for an opportunity to buy on a long term view. As you can see on the Weekly TimeFrame, the price reacted perfectly on the slanting line. Zooming on the Daily TF, you will see a Daily engulfing.
I will buy this pair if we break and retest the green rectangle around 1.2710, ONLY...
GBPUSD is approaching our first support at 1.2643 (ascending channel’s support, 38.2% Fibonacci retracement, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.2740 (horizontal swing high resistance, 100% Fibonacci extension).
RSI (21) is also approaching our support where we might see a...
GBPUSD is approaching our first support at 1.2634 (horizontal swing low support, 38.2%, 50% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2737 (horizontal swing high resistance, 100% fibonacci extension).
RSI (55) is also approaching support and we might see a...
GBPUSD is approaching our first support at 1.2642 (horizontal swing low support, 61.8%, 100% fibonacci extension, 38.2%, 50% fibonacci retracement) where a strong bounce in price might occur pushing price up to our major resistance at 1.2736 (horizontal swing high resistance, 100% fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in...
