This one prediction may or may not take long to form at all. I decided to take this pair on a weekly outook to be sure of no noise on the smaller time frames. With everything going on with this Brexit deal I'm sure there will be some volatility in this pair. I would play it safe but setting a small trade on this pair. Once the pair breaks through the 1st...
GBPUSD price is at support zone , i think its a good entry for long position. If the price can't break this support and bounce from here, we can see double bottom on the daily chart . I open long for this pair at current market price, and I set my first take profit to 1.275.
Current rate: 1.2736
Cable clocked a high of 1.2757 post-NFP. The pullback does little damage to the bull view.
A 4-hour close above 1.2745 would confirm a inverse head and shoulders breakout and open the doors to at least $10. pip move.
The breakout on 4H would supplement the bullish profile of the daily chart, which has 5 and 10-day bull cross and the...
Looking to buy GBPUSD from the buy area. Take profit (+40-50pips).
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on GBPUSD we have a good chance to go long and trade the reversal to see the next lower high after a lower low.
The trend is still bearish.
Have a eye on your money management and risk management.
Have a great weekend.
Your Stefan Forex
$GBP/USD long swing trade set-up based on this spike down to support and strong green candle. Also looking at the fib retrace on the 1D as an optimal entry. I'll take partial profits and trail the rest.
GBP will have a very bullish move soon,Its all about Brexit, they will find a good way to make GBP and EUR GP Up
Must use stop Loss on this one, in case something really bad comes out. I dont think so, but just to be safe.
USD is down, GBP is UP ==== Very Bullish move
Buying areas are shown, Stop loss, and Targets as well.
Awaiting for long opportunity, many might see this as a bearish move but as for me, based on D1 chart, it is still a bullish run.
Awaiting for double bottom and sign or market weakness for long opportunity.
//Recommended Risk Ratio : %2 Max
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Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
as you all can see... the box area is for buy...
In h4 timeframe... according to AO indicator... it shows CONVERGENCE which is the price will continue up to the north...
What do you think guyz?
I already placed my buy limit at 1.32100 with 30 pips risk.