Bullish View
Buy the GBP/USD and add a take-profit at 1.3470.
Add a stop-loss at 1.3200.
Timeline: 2 days.
Bearish View
Set a sell-stop at 1.3280 and a take-profit at 1.3200.
Add a stop-loss at 1.3350.
The GBP/USD pair was little changed on Thursday morning as the market reflected on the statement by Jerome Powell and the strong economic data. The pair is...
Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels...
Due to the positive divergence in the 4-hour timeframe and the break of the negative trend line, I expect the price to correct at least 61.8% of the previous move.
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...
After confirming 1.36 as very strong resistance, GbpUsd has continued its downtrend and has broken also under 1.3430 support.
Now the pair is trading exactly in this support (now should act as resistance) and the recent rise is also a flag pattern.
I expect a continuation to the downside for this pair and 1.3 could be bear's target
Only GbpUsd back above 1.36...
This trendline is creating obvious liquidity that needs to be purged.
The false bearish lure move of the morning suggest sellers have been trapped and therefore need to be stopped.
When they get stopped out I will look for a solid retracement to go long with the team.
What do you think of this idea?
Hello Traders , Welcome to this analysis, we are looking at the GBPUSD, the 1-hour timeframe.
My trading strategy is based on the simplicity .
Please don't forget to FOLLOW , LIKE and COMMENT .
If you like my analysis.
Thank you and Good Luck!
Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Hi guys,
Did not publish any ideas for a while now. Quite simple trade this. After a good drop price is finding plenty of support and it is also following a trend line. I would like to see the price action break and retest the trend line before going long on this.
Always do your own analysis and correct risk management while placing any trade.
Share your...
The general trend of the GBP/USD pair turned bearish, and moving below the 1.3300 support will stimulate the bears to launch further. The next stronger support levels will be 1.3220 and 1.3140, then the psychological support 1.3000. To give the bulls control, the currency pair must return towards the 1.3660 resistance, according to the performance on the daily...
UK New Omicron Cases
Omicron will be the focus among investors and policymakers this week. The new variant was announced on Friday, pushing more countries to announce restrictions from South African countries. The UK was among the first countries to announce that it will restrict travellers from South African countries.
The UK confirmed three new cases of the...
Hello everyone, as we all know the market action discounts everything.
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The GBP/USD pair started to recover a bit after dropping last week from 1.34932 to 1.32932 a 1.48 % decrease in value, as risk from the new COVID-19 Variant "Omicron" threats...
chance of the year gbpusd for long term , Don't miss this trade when two wolfe waves analysis meet with trend line analysis + Alligator and fractals analysis compatibility in 1 hour time frame, + weakness of dollar index + the British pound futures is at a strong daily support , This means that this deal or any deal similar to this comes once a year, and you have...
(update)
hello guys
in D1;
1.RD+ in MACD
2.on a good supply zone
3.bottom of the channel
4.candlestick pattern
we got a lots of reason for long and start of a uptrend but consider that we cant be 100% sure about this market so we need a backup scenario that i define it on the chart.
good luck
pls support me by your likes & shares. thank you guys all.
--R.ASH--
GBPUSD at the moment is facing a strong descending channel; a negative period powered also by the discover of the new COVID 19 variant found in South Africa.
This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and...
