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I really don't have an explanation for this setup so I'm not gonna overcomplicate it. It's just a pretty setup lol and if DXY does fall then I think GU will for sure hit TP2 this week. Let me know what you think in the comments and please follow for more setups
Price pushed down and aggressively wiped out a significant previous order block on the hourly timeframe. This may now give buyers the opportunity to switch the trend. We can ONLY take this trade if we see a BOS as illustrated. Once we get the BOS and the equal highs are broken, we could look to use the new demand region for buys. If we don't see this, then the...
DXY looking bullish right now to make a higher high on the megaphone on daily chart, so because of that I will be looking to short the GU after the retest. let me know what you think in the comments
As i said in the last weeks ... GU rejected from the 1.37800 area and started the descent towards my final target for this period! however ... considering the macroenymic period of this period I expect that it will retest 1.37500 but it will still reach the target of 1.35500 in a short time THIS WEEK...as I told you last week ... GU reached my No. 1 target and...
Just about to take the rest of my profit and will look at retracement areas again for further downside, this will most likely come early next week.
We are now starting to see GBPUSD breaking through that major daily support level so we can hopefully see price make some huge moves to the downside, my next target I will probably take another 20% profit!
Sill holding a short position but have now closed out 60% of the trade... expecting a reaction to current area of support at 1.36000 so hopefully we can see a retracement followed by another leg to the downside to collect more profit on the rest of the 40% position. If price action shows clear signs of a bonce from this support I will also look at short term long...
As I said in my previous analysis, I expect GbpUsd to reach 1.4 Although the price has dropped hard on Friday, the bullish structure is still intact and at this moment Cable is close to the 1.36 important support. I will look to buy near this support with mentioned target GbpUsd under 1.35 would negate this bullish scenario
As i said in the last weeks ...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period! Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze! however ... any closure even for a...
Got into a nice short at the back end of last week, so hopefully we can see further weakness out of this pair leading into next week. A possible key retracement area for a new resistance could be around 1.37500. My targets where ill be taking a lot of profit is down at that 1.36000 support, Id expect to see a bonce from that level atlest.. Always make sure you...
After breaking the double top pattern, it is expected for this pair to retest the neckline to continue its bearish momentum
Gbpusd - 30 mins - Yesterdays bearish bias has been changed into a bullish one after yesterdays price action on dollar pairs. I see further upside coming for gbpusd upto 1.39 before a major bearish reversal.
After a local high of around 1.3850, GbpUsd has started to correct with the price trading within a bull flag. At this moment the correction could be over and the pair can make a run to the important 1.4 zone The confirmation comes once the resistance of the pattern is broken
Hello Traders I draw an ABC guided by the momentum and using the 200 EMA like a Support. If you can see after traced a fibonacci retracement the price uses the 50% of the retracement like a support also. So we can expect with this data more buy orders from the long side. GBPUSD
HTF analysis shows a break of a bearish Trendline and a possbile retracement down to 1.37000 where a retest of support and trendline might push it back up strongly. Alternatively if it breaks below then we can look to enter around 1.36000 where an inverse head & shoulder pattern will also be completing.
GBPUSD is currently trading in a descending channel. A breakout of this channel will signify a bullish impulse. However, we'll take advantage of the current range. Short at resistance and long at support. SL should be just slightly above resistance and below support.
Nice GBP/USD Sell setup with the trend from the resistance area to the green level as a first target. Good luck.