GBPUSD formed strong bullish pin bar at Buy zone as well as channel support.Price is expected to go higher till 1.33200-1.33700 levels which is again strong supply zone. Trade at given levels.
GBPUSD has established new uptrend channel for 4hr chart but weekly trend is till down. I will wait to enter the price in supply zone for good risk reward ratio.
Hi traders, GBPUSD is still Bearish . Don't miss this short. It has a huge potential.
As per my analysis, price action shall further move up to the below targets.
Entry: 1.31689 (or) Entry @ CMP
Take Profit: 1.30930
Stop Loss: 1.32068
Risk Vs Reward Ratio: 2
Go short the GBPUSD ; Good Luck
Cable just testing the downtrend line, i am looking for a strong breakout and a linear compression to take long position. Watch out this market.
Happy Trading.
in this time i will show you GBP/USD SELL AND BUY AREA this area is supply and demand
Watch and wait price action in vital price & area
Write trading planing and exit planing to backup your trade if your analysis going wrong
Always write exit planing first before you go in market calculate the risk according to which you are able to receive it
limit your losses...
GBP/USD is moving to key place for open Short
If take a look on chart, you could see that price have powerful downtrend. As you know most of the times trend is continue, it is safer to look for deals for Short near key levels. On chart, I see that price bounced several times from 1.3460, that mean, that level is interesting for big players.
For US is the best...
Just like my previous analysis post, another pair stuck ranging inside a 100 pip box. The Pound took a huge fall the last few months and its now having a bit of a breather before deciding it's direction. I will be waiting... on the sidelines... AGAIN. Patience!
Technical Analysis
Assuming that the break from the channel is not a 'fakeout', we will continue with strong downward momentum this week: 07/05/18 . Evident that Bears are still in control. Targeting 0.382 fib level, likely to test the key 1.31 S/R level where Bears will start taking profits.
Entry: 1.36
S.L: Above the previous weeks highs at 1.38 S/R level...
HERE'S THE GOLDEN RULE:
* SELL when the price make a new "Lower HIGH"
* BUY when the price make a new "Higher LOW"
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Pending Short @ 1.3650
Stop Loss @ 1.3700
Target @ 1.3450
RR Ratio @ 4.0
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
GBPUSD forming a really nice cup and handle reversal with price breaking our major level at 1.4087. A strong drop could occur below 1st resistance at 1.4087 (Fibonacci retracement, horizontal overlap resistance, cup and handle breakout level) that could push price all the way down to 1.3925 support (Fibonacci retracement, horizontal overlap support).
Trading CFDs...
