The British pound initially tried to rally during the week but gave back the gains to fall into support again as it continues to witness a phase of correction. It is also worthy to note that I still anticipate Bullish tendencies in the following week(s) if the price does not break below 1.25000 level. Tendency: Uptrend ( Bullish ) Structure: ...
The British pound has been Bullish in recent times, as we continue to see a rally. Every time it looks as if it is going to fall, Buyers step in to push the price up again! A Breakout of Key Level I (neckline) which is important to me during the course of last week gives me a setup that is similar to a Reversal pattern (Inverse H & S) inciting an Uptrend...
#GBPUSD 2H The Cable (nickname for GBPUSD), is witnessing a sharp bearish activity since last week due to the unexpected GDP change (-20%). Therefore, we are expecting it to continue this bearish trend for the next week. However, we have the "U.K. Interest Rate Decision" coming up on Thursday this week, so we need to account also for the possibility of a...
GBPUSD Long Trdae Idea | Profit Target : 1.50% Stop Loss : 0.50%
Pattern: Channel Down on 1D. Signal: Bearish as the price is approaching the Lower High zone of the pattern. Target: 1.1950 (Lower Low trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Previous GBPUSD idea:
Likes and comments if you want more trading setup. Thank you! Visit our channel! The price had an attempt to up trend, but a double top was formed, which responded positively for sell. The price has broken all the key supports, which respects the down trend.
See GBP melting more. 300+ pip winner (double entry) on the last short on GU. Following the trend and lets see where she goes. Late post, members get LIVE trades.
Lets try this again, GU trending down. Broke structure, should go this time ;)
Pattern: Megaphone on 1D. Signal: (A) Bullish if the 1.2655 trend line breaks and (B) Bearish if the 1.2160 trend line breaks. Target: (A) 1.3200, (B) 1.1600. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
GBPUSD 4hrs TF analysis, trend is still going up, we're having a BUY opportunity right now because a trend-line has been retested.
Double Bottom Formed and now i am expecting upside move as i forecast. ThankYou
The current sell-off is similar to the Brexit shock on GBPUSD on June 24, 2016. Once the price got detached from the 1D MA50 it declined nearly -15% from the top. The reaction at the bottom was a pull back to the 0.236 Fibonacci level. The new (lower) High was confirmed by the MACD roll-over. If the same sequence plays out, then we see 1.1800 as a (lower) High. It...
gbpusd is in a critical area as you see: there is a dynamic support line there is 61.8 percent fibbonacci so I think we can have a long position from here SL and TP are shown
Pattern: Ascending Channel on 1D. Signal: Bearish if the Higher Low trend line breaks (dashed line) and in extension if the Symmetrical Support 1 breaks. Target: 1.2800 (condition 1) and 1.2500 (condition 2) in extension.
After a spectacular rally since September till mid-December, we are now seeing a decent pullback in GBPUSD. Some traders probably believe that it's a reversal. However, at this stage, I would like to think that it's a decent correction. Price is still above the 100 day EMA which means the uptrend is still intact. But, that doesn't necessarily mean we should buy...
Pattern: Channel Up on 1D. Signal: Bullish on the next pull back near the 1D MA200 base on a similar candle sequence in 2017. Target: 1.33000 (right below the 1M Resistance).
GBPUSD HAS SLOWED DOWN AND WANT SOME DEEPER PULLBACK