According to SMC , We have a two trades entry for long on GBP/USD pair as following : TRADE 1: ENTRY @ 1.20597 SL @ 1.20451 TP @ 1.21162 RRR : 1:3.87 TRADE 2: ENTRY @ 1.19910 SL @ 1.19707 TP @ 1.20758 RRR : 1:4.18 GOOD LUCK GUYS ...
#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is on the UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a...
gbpusd might continue to the upside a continuation pattern might be at play
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The resistance zone is not broken and the bearish divergence makes my idea bearish with the marked values.
FX:GBPUSD Break and retest on GBPUSD for a potential move to the upside
w; bearish d; bearish 4h; bearish my confluences; a break of a strong support and resistance zone the break of the structure LL with an engulfing candle broke below the 50/20ema which it already did 1h engulfing candle break bellow the ema's and away from the 14ema sl; above the nearest structure that could be near 200ema tp; next s/r sentimentally;...
FX:GBPUSD A double bottom formation on GBPUSD is an indication of a potential change in the bearish move.
The GU has rejected the support level in the H1 by a strong bullish engulfing candle, which has created a tail bar in the H4, showing us a bug rejection of the support also. It is time to go long.
Good morning traders, wishing you a profitable trade today. Currently, the support level of 1.1485 has been holding the price since last week now in the H4 timeframe, and it it's still holding. Mr. GU is pulling back above this level, failing to make a new low. As a result, a bullish candlestick is forming to change the price bearish direction to a bullish...
A bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as...
OANDA:GBPUSD GBPUSD broke bearish structure, made a retest respecting the 50% fib retracement prz before going bullish. Price is anticipated to continue bullish for the week.
GBPUSD price now at demand zone area in daily timeframe. Potential to buy at this area. Nearest road block for bullish structure is at 1.17615.
GU create a classical bullish butterfly pattern with Strong Bullish divergence. So, i anticipate GU 400pips long opportunity! GU Support Immediate Support : 1.153xx If not Honoured then GU gonna 1.144xx. And Surely GU long long from these Demand zone! Happy Trading with money management. DISCLAIMER Remember, there is no place for luck in trading - only...
Hi traders as we can see we are sitting in a good support if price can hold this support we can enter long after a candle confirmation and also a double bottom pattern but there is no confirmation yet. Note (double bottom pattern is a reversal pattern from downtrend to uptrend) If you like my idea like it and comment your opinion Good luck all☺️
Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color which we are currently Breaking. We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use...
Price moves for TWO reasons 1. Liquidity 2. Imbalance On the daily TF there is over a 200 pip IMBALANCE. (pull it p and see for yourself lol) A retrace is due. GBP should LONG to fill 45-50% of that imbalance. My 1st TA is 45-50% of retrace into Daily Imbalance candle. After that monitor the DXY closely to identify if she will continue the trend UP or...
All technicals point to the Pound reaching for the liquidity area above. That liquidity area just so happens to be close to the ADR of this pair. Great opportunity to take a fast ride for a cheap price up town! Always trust your set up. Be patient. Never over leverage. Have Fun!