I like the look of this setup and I've already called my bank manager and told him I'm about to make a large deposit ;p
I have also rang my wife and told her I am trading her in for a younger model.. she was happy about it and said I'm selfish anyway... I don't know what she means ;p
We can see this has previously been used as a good area of resistance and with...
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
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!
GBPUSD was travelling inside a descending channel. Price recently broke out to the upside, came back down to retest the channel before making its way up. On its way up price created an ascending channel. We believe price will go all the way up to the 0.618 of the last downwards wave , however we have placed our Take Profit at the 0.382
Looking to buy GBPUSD from the buy area. Take profit (+40-50pips).
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Good luck traders!
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
So as you can see we have a double bottom forming on the 1H time frame and this is why I immediately advised to close most or all of the short trade when the position was +25pips. There are some important reversal signs to look out for.
It can be frustrating to be stopped out at break even after being in profit and this is why I look out for reversal signs and...
GBPUSD is consolidating which indicates we can see some rebound in prices near term. However, there are still chances that the price will reach 1.2480 area.
That being said, swing traders can think about accumulating BUYs at this level. Even short-term traders too can look for buy entries at 1.2610-1.2630 with SL below 1.2695. TPs can be set at 1.2680 and 1.2730
GBP Pairs have been on bearish for the past two weeks, due to political pressure and BRXT,
buying them is too risky now. Trade it with care and with manageable lot size.
Good Luck and happy trading!!
We see the formation of a harmonic shark and butterfly pattern on the 1 hr chart. Both of these harmonic patterns are bullish indicators. Therefore, our strategy is to trade and target the 4th legs of these formations. FX:GBPUSD
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...
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Recently price was travelling in an ascending channel, however we did just see a clear breakout, several 4 hour candles closed below the channel. Right now price has come back up to retest the channel, also at the 0.618 which is the perfect reversal point of any wave. This suggests price will take a fall, our targets are marked above on the chart.
Our first...
