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
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.
DONT MISS THIS ONE See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
AS PER BEFORE, WE HAVE NOW BROKEN OUT OF THE TREND LINE. MORE UPTREND TO BE SEEN See previous analysis PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
GBPUSD Watch price action at the top and look for sell
If you were to look at the daily time frame, price formed a double top and has rejected off the daily trend line and printed a very bearish candle that have filled the entire body of the previous daily candle. On the 4 hour chart, price had been trending up, however volume has been decreasing. So here on the 1 hour chart, a retest of 1.29100 - 1.29300 price zone...
After the market rallied up by 150 pips, GBPUSD is now moving sideways creating yet a mini bullish flag. It is expected that the price moves upward and break the flag continuing the original uptrend. Trade Levels: - 10-15 pips within the bottom channel line. (approx. @ 1.29700) - Stop Loss @ 1.29500 - Take Profit @ 1.30500 - Risk/Reward:...
GBPUSD is currently on a channel with a lot of outside price noises due to high volatility; however, it does not indicate that the channel isn't valid. News is coming up as the government confidence vote is happening in UK and is forecasted to push down indicated by the tragic defeat of Theresa May during the Brexit vote. Trading Levels: - Entry Price @...
IMPORTANT use position size calculator, do not risk more than 1%
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...
We could be looking at a retest of the trend-line on this pair, but I do believe it has the potential to fall further to the 1.24000 area. Especially after the drop the US Dollar took last week, it is due some buying control back which may push this pair down further.
Price broke out from a Descending triangle as seen & retested resistance. It already made an HH on the H1 timeframe and I believe its setting up for the double buttom where it'll fall right on the 61.80% level to continue upwards into a 5 wave pattern.
After the bad news around BREXIT last week we saw a big drop for GBP/USD. It already dropped to the lowest point since April 2017. If GBP doesn't get good news and doesn't break the Resistance level of 1.27000 we could fall even further to the Support level of 1.23800. Goodluck trading and let's see how this Pair develops this month.
As my own point of view, I not sure, market can do anything right? but I'm looking forward on buying the market at 1.27 and I've plotted 1.28 level as watch level as it could come as resistance or support as the market will goes up. not to say it worse or crazy idea, but level 1.20 is the last support level to watch as the market at it lowest on 15th Jan 2017 .
A descanding triangle is forming right now, I'm waiting for the breakout which will most likely happen this week or begin next week. Goodluck trading and follow me for more analysis!
Respected followers, GBPUSD is testing its Double Bottom which indicate strong bullishness on Daily chart.
GBPUSD has dropped today. expecting it to move higher SOON See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE