British Pound/U.S. Dollar

4H Look like flag

waiting for break pattern

Hi traders, As you can see, I made this chart simple and very easy to understand. Once we have a breakout of the trendline, we expect a move to the upside which will take us to the supply zone and the top of the trading channel. Goodluck! - Abdulla

Overall , the pound may still be in an uptrend. IF wish to counter the trend , consider the following ABC. If price breaks 1.3000, look towards 1.2950 as a target. Stop inside triangle ( 15 pip stop) Reward Risk - 3:1. ....

Traders, There is a AB=CD for GBPUSD to bounce up to B. For next wk , we still think GBPUSD will drop to break the blue trend line to make a big correction prepared for future moving up . Less is more!

Even though price is high on the curve between Supply and Demand. I believe the current Supply Zone has been cleared. The 4 hr Trend is up so I'm looking for a PB to a Demand area for a continuation higher. Target is a conservative retest of the highs.

it can still go higher unless proven otherwise good luck

Volatility collapsed creating a triangle or wedge pattern #1 - A breakout to the upside could result in a new swing high => classic trend trade #2 - A breakout to the downside could result in an ABCD pattern. Traders can chase the D point into SUpport then build a trend trade position

GBPUSD .On the 4h chart the base line and the conversion line are crossing .So we could see a reversal.And we are under a Resistance Line (red Hors line).A sell setup could be forming .wait until the EU market open.

GBPUSD LONG

Cable has broken major psychological at 1.3000 even after better than expected U.K retail sales. U.K retail sales rebounded sharply by 0.6% compared to forecast of 0.4%. The rise in retail sales was mainly due to hot weather which increased the sales in clothing and compensated the decline in food, fuel sales. The pair declined till 1.29500 at the time of ...

with much momentum coming from the dollar dropping right now I see a bullish push in this channel potentially forming a part of a larger correction with another rally in the near future.

https://www.tradingview.com/x/FMYKJ35b/ daily chart: forming head and shoulder pattern

GBPUSD BROKE THE WEEKLY RES AREA AND NOW IS RETESTING THE ZONE,WITH A FIB APPLIED,THE HIGHER LOWS FORMED REJECT THE 50% FIB LEVEL,THIS PAIR SHOULD BE HEADING HIGHER SOON,WITH 1.3200 AS A TARGET

long

GBP USD roller coaster

easy wave.

look for seel. trend is downtrend in weekly