GBPUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
Based on 3 formation candle for potential bullish entry Weekly trend bullish Daily trend bullish Buy Area and TP area are on the chart SL on the low candle (later will update)
On the H4 time frame, prices are approaching the resistance zone at 1.2420, in line with the graphical resistance zone, 78.6% Fibonacci retracement and descending channel’s resistance. We could see a reversal below this zone to the support zone at 1.2280, which coincides with the graphical support and 23.6% Fibonacci retracement. Stochastic is showing a bearish...
Do proper risk management .Buy after confirmation and inducement
On the M30 time frame, prices are approaching the resistance zone at 1.2400 where we could see a reversal below this level. The 1.2400 resistance zone coincides with the graphical resistance zone and 78.6% Fibonacci retracement and descending channel’s resistance. Stochastic is approaching its resistance at 89.84 as well, where we could see a reversal in prices.
Hello traders! ‼️ This is my perspective on GBPUSD. Here I still expect bearish price action as we are now in a bearish orderblock and price formed a normal bearish divergence, so I expect to reject from that zone + institutional big figure 1.24000. ‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated....
Anticipating a liquidity purge of the EQL below. Thereafter, I'm projecting a bullish continuation to the H4 BST and the daily high over the come hours/days. Depending on entry and stop loss placement, can squeeze a 1:4 + from this
GBPUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently...
I'm bullish on GU. This coming week with Non Farm Payroll, be patient. Wait for confirmation. Buy the dips and take profit at reasonable levels. Don't try to hold right through. The main move comes eventually. Manage your risk when it comes to your capital.
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Hello all! The major FX pair updated for you! :) Like projected last Friday, the pair is still showing long on my charts. I missed a buy entry this week. However, next week we will get a better POI ;) For now i will sit out and watch the pair.. Enjoy!
GBP/USD :: The price will return to the support lines, but then it will move towards a bigger target near the top of the channel . <<<< Analyze simply with The_Best_Trader_1991 >>>>
A follow-up video to the previous analysis on the GBPUSD where we scooped over 400 pips profit (see link below for reference purposes). The US dollar continues to plunge since the beginning of the year as fear of recession mounts. To further mount pressure on the Greenback is the data from the U.S. retail sales which fell by the most in a year in December and...
Just testing something out... Have a look, if you agree or don't let me know in the comments below. Won't go into too much detail explaining the trade but let's see what happens... It is 3am.. after all... Happy trading, Saif
Looking for Long Position at Premium demand area were we seen a reaction at nearest supply. At H4 timeframe price still look bullish momentum while we wait for best area to ride a long position same as trade provided.
Anticipating a bullish continuation today with the potential low of the week forming in Mondays trading session. Potential RR is 1:5 + depending on entry and SL placemement
Time Frame: 4H Symbol: GBPUSD Entry: 1.24017 TP: 1.24896 SL: 1.23469 Bias: Long The ongoing value patter of this instrument has a potential for a medium strength cost drive according to our projected bearing. We accept that the projections we have made here will be demonstrated by the quick motions of cost.
Personally I'm bullish GBPUSD, looking at the first level to be taken out and expecting a retracement to then push to new yearly highs. ** Please Zoom In a bit **