GBPUSD had a breakout of the range it was in to the upside.
Looking to buy pullback.
-First possible aggressive (more risky) entry at 1.455
-Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452
As long as we kinda stay in the pitchfork formation we are good for longs.
Targets to watch if we break to the...
GU - Long -
Since it looks like the markets are doing better then they did last week we could see a nice retrace of the big non stop sell of we had the last 24days.
Fib levels to watch. Stop around ~1.422
First Trade this week hopefully you all have a nice week!
Good Luck Trading out there! :)
GU is going nowhere. It seems that daily correction was broken to the downside. But if its really the case, we shouldn't have an ending diagonal like structure.
None the less, I will wait it out on this one. But awaiting some sort of consolidation to trade the breakout to either side. Most favorably to the upside.
GU - Long Scalp. Trend overall is still strong.
good risk reward ration. Worst Case I get stopped out.
Moving s/l to break even as soon as possible.
picked the second pullback.
cypher and bat on 4hr chart plus a trendline that should provide some resistance.
looking at price action within the 'short entry zone' to open short.
close/clear move above the TL (blue line on chart) will invalidate this for me
this could be heavily influenced by the FED decision, so smart money management to control risk, ie low leverage and only 2% of equity -...
Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork.
Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected.
If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where...
GU has been rising in what seems to be a small wedge pattern. Breaking an important trend line, double topping around a fibonacci level with technical indicators showing some bearish divergence. Good amount of factors coming together to be short again
Targets are 1.567 and 1.59.
Here is a good opportunity to go long on the GBPUSD. Basis to substantiate this is that a spinning top with high volume has formed and rested on the trend channel support. This proves a great conviction that prices will bounce off the current level and approach 1.567. The news release displayed bad data for the USD thus creating a...
Confluence on 50% retrace of last major move down, 100 and 200 MA's
In addition, the USD is still weak providing some more upside opportunity until we reach the target area for short confirmations. RSI and stoch also still showing some upside potential, so agressive traders could enter a long before going short... trade after your own analysis and at your own risk...
GBPUSD is showing bearish 4 HR divergence and bearish 1 hr divergence. GU is a pair to keep an eye on for a medium term short. I am waiting until the price action goes below the 1.5600 recent high and back into the RSI channel. I am also looking for a break of the support line on DiNapoli.
GBPUSD_Waiting for further valid signals
Main trend of cable is still bearish. The downward trend was built first with rectangle pattern then it was broken to push the price to the lowest level. A second rectangle was then built since Jan 2015 and has been triggered to reach the upside. The upside has been then rejected twice by Ichimoku cloud and the 1st drawn...
This setup base on the related idea as link in the related section.
This number come from Minor support/resistance. as show in the chart. Where the monthly trend still very strong and it expecting to be break in this following week.
This number come from the spike created by the NFP last week. as point by RED box with an extra pip. (If the price break...
British Pound is in a downward trend channel since July 2014.
My short appears attractive from a technical point.
I will enter a short GBPUSD position, targeting 1.60.
A SL will be activated on a close above 1.64.
I will TP on 1.61 and move the stop-loss to breakeven.
