This signal is intended for traders who like to be constantly on the move and the reason is: We are in a clear downtrend and in the long term it is preferable to trade with the trend, but we have reached the so-called Oversold according to Stochastic indicator, usually, its appearance after many days of undeclared declines as in our case. We target market...
Looking to sell GBPUSD from sell area, close the position at the target area (+20pips).
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...
GBP/USD is getting ready to go LONG. Market has been in a downtrend for about 2 weeks. A crucial support line has been hit in this drop. Wait for confirmation of trend change, then find your entry. Expecting a change in trend within the next week. Scalp/day/swing trade market to the upside. You pick your exit point. DISCLAIMER; Trading carries risks, ideas...
The GBP USD technical model is a bearish model, and our recommendation is to stick with the trend. Our target is 1.2600
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...
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...
Looking to sell GBPUSD from sell area, enter on reversal pattern. Looking to target 70pips.
GBPUSD is approaching TrendLine Support where it could Bounce up soon. Depending on BULLISH PRICE ACTION in lower time frames, Traders can look for BUY ENTRIES between 1.2880-1.2910 with SL below 1.2850. TPs can be set at 1.2985 and 1.3040
Disclaimer - I could be wrong/Trade at your own risk...
It’s a quiet week ahead. Key stats are limited to wage growth and unemployment numbers due out on Tuesday. While the focus will be on the claimant count and wage growth figures, any uptick in the unemployment rate would weigh. Outside of the numbers, Brexit and political chatter from Parliament will continue to be the key driver for the Pound. The GBP/USD ended...
Disclaimer - I could be wrong/Trade at your own risk...
strong trend lines in play, good support bounce, old resistance tested as support
GBP/USD Short Idea (5/8/19) 4HR Chart - Currently had a reversal at the disturbance level I drew up on the 1HR (orange) - Had a quick rejection on the monthly support level @ 1.30000 also the 100% fib retracement level. - With the dollar getting ready to fall, the orange disturbance level seems to be a good spot to place an entry, with the targets set to the...
GBP/USD Long Idea (5/8/19) Daily Chart - Price just rejected off of the short term 61.8% fib level and the long term 38.20% fib level. Price had a hard rejection of on the 1.30000 Monthly Supp Level. - Looking for price to continue up to the Micro level at 1.32500 which is near the -27.00% fib level. (4HR Markup Linked Below)