looking to execute this setup in the new trading week. Only if price lines up with the current markup tho.
GBPUSD London Daybreak Trade Idea gbpusd Buy Stop : 1.31760 S/L : 1.31503 T/P : 1.32260 Sell Stop : 1.31428 S/L : 1.31701 T/P : 1.30928
GBPUSD is constantly testing the 1.3150-1.3180 resistance level for the last two weeks. Each time price has pulled back a little after testing the resistance. So far, the resistance remains intact. But repeated attempts to break the resistance indicates that a big move may occur very soon. In my opinion, buyers should wait for a strong break of this resistance...
after every strong movement in the market comes a consolidation phase `any ideas where its gonna breakout ??
With over 500pips in our direction since my last publication (see link below for reference purposes) on this pair, we continue to trade back and forth in a range which appears to be forming a Reversal structure. Tendency: Downtrend ( Bearish ) Structure: Wedge | Supply & Demand | Reversal pattern Observation: i. The appearance of a rising...
📈 OANDA:GBPUSD LONG H4 🛒BUY above = 1.31270 🎯Target1 = 1.32170 🎯Target2 = 1.33630 🛑Stop loss or cancel trade = 1.29800 🙈Risk = (3%-5%) #GBPUSD #GBPUSDLONG #BUYGBPUSD
I am expecting an opportunity to sell at the breakout of the flag.
The counter is forming a descending triangle at the high. It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term. We expect the bearish flag to break down and the price to move to the short-term support zone.
Wait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a BUY limit.
GBPUSD London Daybreak Trade Idea Buy Stop : 1.30563 S/L : 1.30351 T/P : 1.31063 Sell Stop : 1.30290 S/L : 1.30502 T/P : 1.29790
when we look at GBP/USD on the weekly chart, we can see that it is on a pretty strong structure, and certainly without any retest, so our tip for this pair is definitely short.
Hi Traders! It has been a while I posted here. I caught a bug around June so I had to take a break to get proper treatment and heal myself. Remember guys! Your health is your greatest wealth. The market is going nowhere, it will always be there as long as the human race continues to exist. Trading has to deal with mental and psychological wellbeing. When you're...
GBPUSD, I'm currently seeing price pushing back up above support so my 1st target of 29 pips is at a M15 LH.
GBPUSD London Daybreak Trade Idea gbpusd Buy Stop : 1.30921 S/L : 1.30571 T/P : 1.31421 Sell Stop : 1.30508 S/L : 1.30858 T/P : 1.30008
Hello traders, this is my analysis for a long setup on cable. I'm expecting a strong bullish move from GBPUSD this week to continue with the higher time frame direction. Ideally I'd like to enter at the weekly closing price but if not I'll place an order @ 1.3078 R/R - 5.79 Any questions please comment below and follow for more trading ideas.
OUTLOOK: BEARISH BRITISH POUND GROANS ON PROLONGED BREXIT NEGOTIATIONS