Monthly outlook for GBPUSD, trading sideways in a channel, look for a return to the top of the volume profile either for continuation down ( Likely) or a breakout.
Trade Idea: More Sterling pain expected Reasoning: Lower prices expected selling into the strength over the past 60mins Entry Level: 1.9242 Take Profit Level: 1.90400 Stop Loss: 1.9272 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
Anticipating short-term movement to the upside in the lower time-frames. Apply proper risk management. As usual, happy trading
Trade Idea: Buying GBPUSD Reasoning: Speculating on a short term bounce. Trading at a 61.8% Fibonacci level on the daily chart Entry Level: 1.2554 Take Profit Level: 1.2861 Stop Loss: 1.2488 Risk/Reward: 4.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high...
• Bulls gave up in the mid 1.3100s • Sterling lost around 100 pips • Pennant formation on hourly chart, which signals a continuation of the trend in the coming days • Watch out for the breakout, high volume reinforces the downward move
GU plummets as DXY rises on Legardes speech, price has fallen solidly and quickly to the 0.618 after a trendline break, potential for a price reversal.
On Friday the first of April, the Eurozone is scheduled to release core and headline CPI, with the headline figure forecast to be 6.6% (YoY), up from 5.9% (YoY) last month. Hotter inflation prints create a greater sense of urgency within the ECB to stop asset purchases and begin to hike rates. Technically we can see EURGBP Daily is approaching a strong resistance...
I want to see GU fall towards our 4 hour level. I believe we will see a wick to wipe out the previous buyers before a move back up towards the highs. I have tried to illustrate the pathway with the arrows. Please comment and like if you agree. And I know.... another colour way lol, i have no clue what colour looks best. If you have any suggestions please help...
Ahead of NFP Data LONDON (Reuters) - The pound had a quiet start to the week, overall flat on the day against the dollar and euro, but analysts remained bullish on its outlook and the latest positioning data showed the speculative long position on the British currency had increased. The pound has strengthened against both the dollar and euro in February,...
GU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33. This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well.. The orange circle is my take profit....
GBPUSD Long Setup GBPUSD has formed an inverted head and shoulder. Price has broken up and out of the neckline and has retest it. The target may set as 1:1 to the distance of the neckline to the head, alternatively, it may also set at a resistance/order block as shown in the chart above. Safe trading~
We can see GBPAUD has not been able to break the daily support line. when it touches the support line, there is always a price spike. On smaller timeframes we can find diagonal resistance. Of course if it breaks, there is a possibility that the price will fly higher!
Hello traders; This is the GBP/USD daily chart. We have a strong downward thrust and I think it is time to look for long trades in the near future. As you can see we have confluence in the area where the price is currently and which include: 1.618 butterfly BUY + market oversold + bottom line of the channel. So considering a long position seems reasonable, but at...
bottomed on rsi looks like a recovery attempt, gby os aud ob, blag blah blah
I have drawn what I believe could potentially happen on GU. I f price action rejects our fib level and our area of resistance. If we do not reject this level then GU will melt lower.
GBPUSD currently is inside range and it is bearish move on the upper timeframe. if price reaches the resistance and able to bounce back, you should wait for the retest of the structure and short this pair. since its on bearish at least on my bias, it more safe to short this pair than to long it. What is your analysis on GBPUSD currently?
Good short opportunities to take in the 1HR TF, use good risk management and secure early profits