Hello traders and analysts, GBP USD full breakdown technical analysis. A note before reading - this is a forecast analysis - based upon Lupa Capitals trading strategy. Please do not take this as face value and conduct individual entry points whether looking for long or short positions (time frame dependent). Master Key: Blue = Monthly Purple = weekly Orange =...
Longs from this area are now looking nice. We look to have broken our counter trend line, rejecting 50ma and 61.8 fib zone. I'll be watching price action on lower time frames for further confirmation! I recently posted a short idea on this pair but this is trading, have no bias and simply trade what you see!
WILL GO UP TO 1.39366 LEVEL...
Expecting the cable to fall to the 1.38100 level after which I'll be looking for signals to buy the pair. Please follow me for more charts, signals and analysis.
GBP USD is trending to the upside and has done a break and retest on the intraday timeframes. With the usd being a sell we anticipate this trade to have some continued upside.
In this video i go through the chart and my personal experience with the GBP and how it affected my life negatively in 2007 (first drop got me out of real estate) and positively during the Brexit (I got my money back, thank you trading). Today will be a volatile session for pound sterling, trade with care people.
Hi everyone, sterling went through a turbulent previous week ranging from 1.36114 - 1.37500. Towards the back end of the week we saw price make yet another attempt at the 1.375 level but failed, visually producing a 'double top' price structure and ultimately price falling away from the highs. Sterling is still proving to be quite strong in these market conditions...
Very bullish personally but as always we have both routes planned. Chart explains everything, 4hr close above resistance and we're in.
BEEN HOLDING THIS FOR 3 DAYS NOW, LOOKS LIKE IS PLAYING OUT VERY WELL, RISING CHANNEL, USE PROPER RISK MANAGEMENT.
Very strong resistance was broken at 134.5 level. Since breaking this level it has touched it twice and found support. If the Dollars short term strength continues in the coming days this support will offer a good long entry. There may be some resistance at 1.38 so it could be worth taking profit there or wait for 1.40 for a longer term target.
The cable has had a bullish run so far for some months. A swing low(as shown in the chart) was formed and price continues its bullish run. I expect price to continue its bullish run to the order block at the 1.3700 price level (also shown in the chart). There seems to be a lot of liquidity at the level as a result of relative equal highs which makes it an added...
Now we see a big daily bearish hammer candle and We can expect the price to move up to fill the shadow. To enter, we have to wait for the resistance line to break and the momentum to become positive.
The daily chart above shows how this pair has been grinding its way to the up side within a channel structure since end Mar 2020. After 02 Nov, it has not come even close to the channel bottom and a much tighter inner channel has formed. The resistance at 1.3500 has been overcome, so I zoomed in on H1 chart (see below) to take a closer look. A short term support...
Price is moving in an up trend and it clearly needs a retracement (RSI Divergence). After the broke of 1.36 (Our last setup wasn't respected.) we are watching to a retest of this zone and we found an IPA zone which corresponds exactly to our 0.5 fib level of the leg. In my view price at the open will go to 1.3700 and than down to our IPA zone for the...
I think that we are in a corrective ABC structure inside a wave (C) in the daily chart. According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also. So if this count is correct we may have 3 different potential targets for the completition of this (C): 1) 1.374xx...
Price is currently moving in an uptrend and just broke 1.35 major level. I expect a retest of this zone which also corresponds to a dynamic support and to .382 fib level (we have also the trend line). I placed a buy limit at 1.35150 but if it isn't triggered i will enter during a retracement of the trend. Let's see if this new trend is respected. Like and...
Technical Analysis - EURUSD has been in a uptrend since 25th may 2020 and has shown strong bullish momentum ever since. - There has been loads of confluences shown in the higher time frames which indicates that we should be looking for buy this pair. - 50 and 200 EMA added confluence to go long as it shows bullish trend on the higher timeframes. - On the 4 hour...
Brexit talks seem nearing to an end. The British pound has been chastised for the last 4 years for an event -Brexit- which has not yet really materialised. At a time when the USD is weakening against all major global currencies, GBP can be expected to move to the upside (TP near 1.43) on the back of successfully concluded Brexit talks. RSI seems positively backing...