British Pound / U.S. Dollar

FXCM

GBPUSD

on weekly chart GBPUSD is very close to a significant demand zone 2016th structure low. there is a very high chance to see a pullback from this level, so your plan for next week is to wait for a signal inside this area to buy a market. Your target level is 1.239

Good morning Traders! From a technical point of view, the pair has formed a reversal pattern on the H4 chart, so we will try to take a long position with a stop below the low. The setup has a good R/R ratio (> 1: 3). DAILY ANALYSIS (EW FORECAST) (Click and play on chart...

By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next! Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is...

squeeze it

We could only find out some wave clues on monthly chart that the worst situation for GBPUSD to go. The 3rd wave on monthly chart never show us any sign of stop. GBPUSD is so fragile that 1.2000 could not hold too long. Next target for it to go is 1.17 soon. The worst situation is that GBPUSD could not find any support and to reach 1.05 directly. LESS IS MORE!

i think we are in a correction now.

GBPUSD SHORT

Short term if bulls managed another minor wave up to confirm a 5 wave, a pull back should follow by a bigger move back up The previous low could had ended the move down(after the triangle) at least for the short term

Price is being rejected by a weekly support and it is at the down side of a downtrend channel, aditionally, the yearly, quartely and monthly pivots are upside and the RSI showing a divergence, for me it is time to long... what do u think?

This a divergence triangle

An idea whether rising wedge (bearish continuation) in H4 time frame to be materialized ahead of FED speech. Trade with care.

In the past three charts I talked about relationships between bars, then groups of bars and finally base of legs up and down. To build a trade set up we need all three concepts. We do not long when price is breaking supply lines, we wait for a retrace and identify areas of interest. Im going to contradict myself here because if we only take trades in the direction...

Lots of questions lately from traders looking to use the higher time frame for their trading time frame. The number one key to successful trading is consistency. If you have a job or other distractions that stop you from being in front of your charts when you need to be, then you will lose your edge over time and of course lose money. I recommend that newer...

A long waited for counter-trend trading opportunity appears as Bullish Shark pattern. So what? I shouted on the chart. ;P Lots of warning sign shows up and halt my decision to set a pending order - Buy Limit for this trade. Now, having the candle break and close below the previous low, officially place this trade to an end. On the 4-hourly chart(left), a trend...

The last opportunity for a bullish shark pattern forms up as a counter-trend trading opportunity. I fully understand the pain of the real knowledgable shark trader but this is what it is, it has up to 3 potential buying opportunities and being a shark trader, you should look at all 3 if the previous failed. Psychologically wise, it can be a challenge. It is...

The bullish shark pattern on the daily chart still stand but having such a strong bearish candle we may just need confirmation before engaged the trade for a buying opportunity.

This is my analysis for GBPUSD. Take a SELL SHORT after it reach and retrace from trendline, because as we can see there is a TRIANGLE PATTERN, and the Major Trend is BEARISH

Head and Shoulders Bottom form after an undesired long shadow candle. However, this is not a make or break rule for me to engage the trade. Trade engaged and the target has been set.