gbpusdtrade

MARKET ANALYSIS: The pair has reached the trend-line support for the third time now. Also the previous demand zone is supported with the trend line. If the trend-line and the demand zone holds on we can expect a uptrend to the next major resistance at 1.36000. So lets wait and see what the market does in the coming days. Cheers!

gbpusd short

Hey Folks, Simple idea here, ABC structure possibility if market brakes the top and reverses (red). There is a chance that we brake uptrend on a new impulse. Either way I am looking for a Buy Set Up. - Hey Amigos, Simple idea aquí, posibilidad de una estructura ABC si testea el tope y se da la vuelta (rojo). Hay posiblidades de que arranque alcista en nuevo ...

Buy above 1.3006. Stop loss at 1.2954. Take profit at 1.3109. Reason for the trading strategy (technically): Price continues to drop towards our buying area. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) for a bounce up to at least 1.3109 resistance (Fibonacci retracement, ...

Buy above 1.3006. Stop loss at 1.2954. Take profit at 1.3109. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 1.3109 ...

Our preference: long positions above 146.10 with targets at 147.00 & 147.35 in extension. Alternative scenario: below 146.10 look for further downside with 145.90 & 145.40 as targets. Comment: the RSI shows upside momentum.

GBPUSD Forecast: Pound has found itself falling hard against most currencies on the back of poor economic data. We are expecting some profit taking to occur and GBPUSD has arrived back at a 100% retracement of the previous swing up. This indicated a potential head and shoulders pattern, giving us an entry to short down to the 1.28500 level.

With the possibility of a rate hike in the UK decreasing on poor economic data, and a decent NFP print out of the US I am now looking for counter-trend trading ideas to the downside on GBPUSD . In the short term however we have two bullish Cypher Patterns forming. The first is due to complete right around the 1.30000 even handle and I will be targeting a ...

Sell below 1.3154. Stop loss at 1.3191. Take profit at 1.3058. Reason for the trading strategy (technically): Price has broken a long term ascending support-turned-resistance line and we’re expecting to see a nice drop from here. We look to sell below 1.3154 resistance (Fibonacci retracement, pullback resistance) for a further push down to at least 1.3058 support ...

Our preference: long positions above 1.3210 with targets at 1.3270 & 1.3315 in extension. Alternative scenario: below 1.3210 look for further downside with 1.3190 & 1.3155 as targets. Comment: the RSI shows upside momentum.

GBPUSD to fall 70-80 pips in the wake of Rate Decision to maintain the same level of 0.25%

Our preference: long position above 1,2985 with targets at 1,3055 & 1,3085 in extension. Alternative scenario: in break of 1,2985, a continuation of the decline will be envisageable with 1,2960 & 1,2930 in line of sight. Comment: The RSI is well oriented.

Our preference: short position below 144.75 with targets at 144.00 & 143.55 in extension. Alternative scenario: in excess of 144.75, aim for a continuation of the rise with 145.35 & 145.70 in line of sight. Comment: as long as 144.75 is resistance, trading range with a bearish bias.

Sell below 1.3006. Stop loss at 1.3053. Take profit at 1.2929. Reason for the trading strategy (technically): Price has bounce up and reached our profit target. We prepare to sell below 1.3006 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards at least 1.2929 support (Fibonacci retracement, Fibonacci ...

Our preference: position bought above 1.2950 with targets at 1.3030 & 1.3055 in extension. Alternative scenario: in break of 1,2950, a continuation of the decline will be envisageable with 1.2930 & 1.2900 in line of sight. Comment: The RSI is well oriented.

Notre préférence : position vendeuse en-dessous de 1,3060 avec des cibles à 1,3000 & 1,2950 en extension. Scénario alternatif : en dépassement de 1,3060, viser une poursuite de la hausse avec 1,3085 & 1,3115 en ligne de mire. Commentaire : le RSI est mitigé avec un biais baissier limité.

Sell below 1.3170. Stop loss at 1.3257. Take profit at 1.2820. Reason for the trading strategy (technically): Price is approaching major resistance at 1.3170 (Fibonacci extension, long term swing high resistance) and we expect to see a reaction off that level for a drop to at least 1.2820 support (Fibonacci retracement, horizontal overlap support). Stochastic ...

Our preference: buying position above 1.3030 with targets at 1.3115 & 1.3150 in extension. Alternative scenario: in break of 1,3030, a continuation of the decline will be envisageable with 1,2980 & 1,2950 in line of sight. Comment: The RSI is losing its bearish momentum.