Gu
Channel break and 0.618 pullbackI am longing cable with this breakout of downtrend and pullback, We may see Gbp/usd work its way uptowards 1.38 before NFP this week. Trade your plan
GU Weekly analysisOver the past couple of weeks GU has provided us with an ascending triangle creating higher lows with a respected resistance level at 1.37458. We are looking for price to test this level, either reject and go short to test the support leg of the ascending triangle or test and break through resistance and create a higher high.
GBPUSD PREDICTIONVery bullish personally but as always we have both routes planned.
Chart explains everything, 4hr close above resistance and we're in.
GBPUSD POSSIBLE PULLBACK SHORT 15 min bearish engulfing gave possible entry at resistance , structure still showing uptrend so well have to wait for confirmation on a lower high to possibly give us the head and shoulder formation to take the sell to a prz , from the prz looking to close and enter a buy
BUY GBPUSDTrend-line + support holds, so for me its a buy!
Entry: 1.36600
SL: 1.36300
TP1:1.36900
TP2:1.37580
leave a like and comment what you think!
🔰 GBP/USD - Daily Update 🔰the pound closed with a bearish candle
🔹 The next move from here will entirely depend on the Dollar Index
GBP/USD In Range... Low Risk Trade- GU made it to the top of the range today after a VERY strong bullish move.
- Most recent highs were liquidated but still holding our highs from last week.
- Session POC has been moved up to the top of the range indicating Big Money is back defending that level.
- Time based Volume also indicating this as we see the highest volume node at the high of the day.
- The bull run was completed, bottom to top in 8 hours. 8 Hour ATR was 52.8 pips, the run was 134.7, over-extending that ATR by 81.9 pips.
- Price has created a Double Top at our Resistance zone indicating a possible reversal.
- Looking for a retrace back to mid-range levels and see what happens there if we close or we keep holding.. only time will tell.
- If we do get stopped out of this trade, that will indicate that we've broken out of the range. Therefore, at that point we would be looking for a retrace back into that breakout zone for a continuation to the upside.
Shorting at the top of the range provides a low risk, high reward trade. Try to avoid taking trades in the middle of a range as like what happened today, price continued up very strongly and would have stopped out anyone trying to short in the middle.
🔰 GBP/USD - Daily Update 🔰🔹 Follow & DM us to get your Trading & wallet x30 ahead of your current game -- FREE OF CHARGES 😉
🔹 GBPUSD will be very volatile during the FOMC evet
🔹 1.3900 is the next major resistance from here
🔰 GBP/USD - Daily Update 🔰🔹 Below 1.3700 the pound is bearish — We need a directional bias from here to get a quality trade
🔹 1.3500 is the next support — We are looking for a breakout of this sideways range which we will see sooner rather than later
Short Term Sell Bias on GBPUSDDouble top leading into break out to the downside. Looking for a pullback to the neckline before a sell to the downside.
GBPUSD Sell IdeaI have a possible sell over here at GbpUsd. Price is at a strong resistance level and kinda forming a head and shoulders.
I'll wait for the 1H closure to see if I get an entry on that 3 pin formation.
Comment what you think.
GBPUSDJust me playing around, but fits my trading plan. looking for one more wave on the impulsive side before a correction. targets of 1.38 before the correction imo. from roughly 1.3580-1.36 entry. dxy needs a 4h high, this will be the 4h low in gu
GBPUSD PREDICTIONGU also very simple this week. Either we see the H&S play out or we see the continuation higher through the weekly resistance.
GBPUSD TRADING PLANThis is what I have my eye on GBPUSD doing this week, with some weakness first, before finding support and rallying. If not the breakdown on the short will be nice.
🔰 GBP/USD - Daily Outlook 🔰🔹 Above 1.3700 GBPUSD is bullish — Above 1.3700 the next resistance is 1.3900
🔹 Below 1.3500 it is bearish — A successful breakout of 1.3500 will send the price to 1.3300
GBPUSD BAT PATTERN 1HGBPUSD could be forming a harmonic pattern, with an entry at 1.3515 and 38.2 and 50 fib targets.
