You can see price is currently at good support, the red zone we have marked on our chart is good monthly, weekly, daily and 4H support so we can only see bullish movement from here with a possible run up to our resistance zone ( green box )
After a week of bearish power we are expecting the bears to slow down and take a break, so catching these 100 pips should...
Welcome traders to another trading analysis on the GBPUSD pair.
We are looking at the 4h timeframe and we saw GBPSUD on a nice down trend the last weeks. Looking at price now, we can see that there is something forming like a bottom right now.
Price did already a nice divergence on the low and broke out of that structure.
Another confirmation is that price...
Get a chart up, find some key levels and look at how well price respects them and how many pips you could have munched on buying and selling off these levels... No indicators were used here, just nice clean charts.
SIMPLE is better in forex and if anyone tries to tell you differently then run a mile ;p
Think of it this way, we all know the world is corrupt so...
Hello Traders, GBPUSD has dropped more than 450 pips in the last couple of weeks and surprisingly, it has managed to TAKE OUT all the SUPPORTS on its way down. Breakdown of negotiations between Labour and Tories and Prime Minister May's resignation plan in June has played its part to pull the Pound down.
However, market participants were already aware of both...
Hello Traders: My previous ideas on GBPUSD didn't work well as price broke all support levels and kept heading lower.
However, at the end of the previous week, we got some nice BULLISH REVERSAL CANDLESTICK FORMATIONS(denoted by the yellow ellipse).
If this reversal holds, we can see GU continue towards 1.2850 and 1.3020.
However, plenty of uncertainties in...
Last week we already published a sales signal about the gbpusd and today we will continue and strengthen the signal
Our target is based on very gentle support that gbpusd can easily break through, and after this support, we do not see a target insight that is, the potential for large declines.
Stop loss: 1.2770
Take profit: 1.2130
We are looking at a bounce and reversal at our support zone.
Keep it simple and clear and wait for the trade to come to you... don't buy down to that area, if the trade doesn't reach our zone then we haven't lost any money... This is peoples problem and the reason they fail in the markets because they are to eager to be in a trade and try and make QUICK MONEY, if...
We have seen this pair show some great bearish momentum. We can see price reached some support and moved bullish creating what we refer to in classical technical terms as an inverse head and shoulders pattern. Price pulled back 50% where i have plotted the grey line and from here we may see a continuation of the bullish move.
Grey line - entry
Red line - stop...
After moving up above the kumo after a long trend, it's time to see if this trend can be tested and hold. I am looking for a test of tenken sen to hold to look to enter a long position. If we drop down and form a good support candle or get a positive interaction price structure wise, then I'll look to enter my long position. There are a couple alternative ways to...
GU is in a key reversal zone according to past price action (majority). However, last time price was in this area it made one more move down to the 1.24689 zone before reversing. Price broke the 1hr 50EMA and corrected for the buy but because of the violatility of this pair, I would wait until price reaches the 1.2755 zone before entering for the long-term buy. ...
Looking to buy GBPUSD from buy area, wait for reversal sign,. Close trade at the target area (+40pips).
Overall GBPUSD looks bullish but be careful as there is the Services PMI report at 9:30 UK time which could have an impact on the pound currency.
Good luck traders!
Looking to buy GBPUSD from the buy area. Take profit (+40-50pips).
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Good luck traders!