Opening a long position because of multiple bullish signals at the current market price.!! GBPUSD is bouncing from
Support level with engulfing candle & bullish divergence. Tp1 & 2 are set according to the upcoming resistance levels.
Bullish Signals:
1. 4hr bullish trend continuation
2. 1hr Trendline Support
3. Support at 1.17910
4. Bullish Divergence on Multiple...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
Last week GBP has done excellent job and it maintain its strength against the USD. I would like to say if it moved against the DXY next week then trade it. Also watch the range of movement, If GBPUSD start to fall and DXY start to rise it does not mean to trade GBPUSD. First watch the speed of falling of GBPUSD if the speed of falling is fast against the USD then sell it.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders!
‼️ This is my analysis on GBPUSD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance below and then to reject from bullish orderblock + institutional big figure 1.14000.
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#GBPUSD ( British Pound / U.S Dollar )
- LEADING DIAGONAL in Long Time Frame #LTF and Rejection from the Upper Trend Line #UTL for the Retracement
- Buying Divergence
- LEADING DIAGONAL in Short Time Frame #STF as a Corrective Pattern
- Rejection from the Support Level #STF
So we saw a lot on my USDJPY Chart I posted a few days back. USD got hammered VS JPY after an enormous move up.
Those who bought got annihilated. And rightly so.
Those who were short.... Well you know how that goes.
So on the GBPUSD we have the opposite with a LOW price. As you can see it rallied enormously as the larger money market moved it. As I said and...
When we look at weekly time frame, we see a Bullish volume that has step into the market, so should expect a pullback phase on LTF towards area of Liquidity then a continuation to the upwards which would offer us 500+ pips up.
As I said in my previous analysis, there is a very high chance that 1.03 is the bottom for GbpUsd, and as long as 1.1 holds, 1.1750 is in focus.
Yesterday this zone was touched and we can see from the posted chart that 1.1750-1.18 is an extremely important resistance.
Even if 1.03 is the bottom, I don't think that GbpUsd will start an up trend in the near future...
🔴 GBPUSD
TF: 4H
Side: Short
SL: $1.16454
Entry: $1.15415
TP 1: $1.15072
TP 2: $1.14217
TP 3: $1.13527
GBP is losing strength so it's time to start selling it.
Here is my view for GBPUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Here is my view for GBPUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBP-USD broke the falling resistance
And the breakout is confirmed
So there is a high chance for us
To see a move up after the retest
Of the broken level
