We are at important 4 channel support here on Cable alongwith 50% fib of the recent move. This is a decent area which should hold. Long GBPUSD @ 1.2817 target 1.29 Stop @ 1.2787
GBP fell hard after being announced that there would be no rate hikes anytime soon. I am expecting good buy opportunity around the 50% fib and the 1.25 area. if it breaks we could see gbp head all the way back to 1.20 area
Don't miss this explosion. Got the idea on Jan 28 1st target 1.69-1.70 cypher 2nd target 1.87 kaine pattern and 61.8 fib from may 2016 highs
After a considerable drop based on the General Election result I feel now is a good time to get in cheap on the GBP against a falling USD. I have placed my stop just below the current 200sma (which i expect to rise over the next few weeks) and set my TP below yesterday's open.
Trading the pullback for the bigger downward move. :)
Firstly price moved above 200sma on 18/4/17 for the first time since the Brexit referendum. Price action has consolidated above the 1.27648 level which had proven to be a difficult resistance level to breach post Brexit, this level has since turned to a clear support level over the last week. Initial TP placed just shy of the 1.30000 round number.
GBP/USD is near our target. It is advised to close 75% or more of your position if you haven't already. Subscribire for future trade ideas.
1.2-1.21 - That's the price zone you should focus on if you are looking for bullish trades on GBPUSD. The Cable is testing a weekly structure zone, psychological level and the PRZ of a daily bullish Bat pattern.
Possible projection. New highs could happen. Last successful idea.
Even playing safe with the Feb-07 low and accepting a range, there is still a 5.5:1 trade here
Im looking at the Gbp usd to continue to trend from the underside towards 1.27500 resistance before sellers get to gain control again. The 1.25500 resistance area need a big strong push through to reset recent data and continue up. Will keep posted with updates
Suggests a fade to 1.2560 then up above previous high
Can't find any bearish flags to suggest a further fall, buts lots of U-shaped moves, suggesting a move back to 1.27. Also note 50% fib.
The last session closed like this, it's very close to the neckline of that potential inversed H&S, if completed the price should recover from the flash crash, target 1 touching the yellow line around 1.262-1.263 target 2 touching the red line and the flat kumo arount 1.267, once it'll be hit, we could see the bear trend resuming. Could expect a gap up at the...
Cable swing low forming after exhaustive move , like longs for multi day / weeks hold . entry 1.2635 , risk 100 pips . Will exit on my bullcount algo when turns using 4hr tf once swing is confirmed in next 24 hours